The client, their challenge
Our client is a European renewable energy platform focused on large-scale energy transition investments. As the business scaled, it initiated a finance transformation programme, including migration from IQ-EQ’s accounting platform to a newly implemented SAP environment.
This migration formed a critical part of the wider transformation and introduced several challenges, including complex historical data, bespoke reporting requirements and asset-level accounting across multiple jurisdictions. At the same time, the client needed to maintain uninterrupted business-as-usual operations, with no compromise on accuracy, control or reporting integrity.
The client required a partner with deep real assets accounting expertise, strong project governance and accountability beyond the point of migration.
Our solution
We delivered a fully managed, end-to-end migration while remaining the appointed accountant throughout the project and beyond. We provided:
End-to-end data migration
- Led the transfer of financial data into the client’s SAP environment
- Ensured accuracy, completeness and consistency of historical records
- Maintained continuous financial reporting throughout the transition
Process mapping and SAP integration
- Mapped accounting processes and reporting requirements into SAP
- Configured workflows aligned to asset-level reporting needs
- Coordinated closely with internal teams and external stakeholders
Controlled cutover and validation
- Delivered a structured and well-governed cutover process
- Performed two months of shadow accounting to validate outputs and controls
- Minimised disruption to ongoing operations
Ongoing accounting and oversight
- Continued as appointed accountant post-migration
- Delivered business-as-usual accounting within SAP
- Supported the client in transitioning to platform ownership with confidence
Results
- Seamless transition: Migration completed without disruption to daily operations
- Data integrity preserved: Accurate historical and live financial information maintained
- Strong governance: Clear accountability and control throughout the programme
- Continuity delivered: Ongoing accounting support ensured long-term stability
