SP Electricity North West (SPEN), part of the Iberdrola Group, is one of the UK’s largest electricity distribution network operators, delivering power to millions of homes and businesses across North West England.
Having used CCH® Tagetik for more than 15 years, SPEN recognized the need to modernize its finance technology landscape. While the existing solution continued to support planning and reporting processes, the underlying on-premise infrastructure was becoming increasingly difficult to scale and maintain. The organization sought a more agile and future-ready platform capable of supporting evolving business requirements and new planning capabilities.
To support this transformation, SPEN migrated its long-standing CCH® Tagetik environment to the cloud. The initiative improved application performance, system stability, and user experience while creating a foundation for AI-assisted forecasting and enhanced reporting capabilities through Power BI integration.
Results and Benefits
The migration delivered immediate operational and business benefits across the finance function:
- 80% reduction in manual effort required to prepare tax reports
- Improved system uptime, performance, and reliability
- Reduced application run times and administrative overhead
- Introduction of monthly AI-assisted forecasting capabilities
- Faster access to financial information and planning insights
- Easier knowledge sharing and broader user adoption
- Modern cloud platform supporting future finance transformation initiatives
By moving to the cloud, SPEN established a scalable planning environment capable of supporting both current operational needs and future innovation initiatives.
