Five reasons why AccountsIQ is the finance system of choice for renewable energy companies

Renewable energy has the potential to power the world by 2050. The transition could save millions of lives by reducing air pollution, help tackle climate change, and deliver a more secure, sustainable energy supply. But for finance teams in this rapidly growing sector, the journey is far from simple.

Renewables finance leaders are navigating complex funding structures, managing multiple SPVs, and tracking performance across dispersed, multi-asset portfolios. They need smart, scalable tools to help them grow with confidence.

AccountsIQ’s award-winning cloud accounting software has become the platform of choice for renewable energy companies who need to:

• Track capital expenditure against assets during construction
  
  
• Manage multiple operational SPVs across various jurisdictions
  
  
• Allocate and monitor costs across multi-site, mobile teams
  
  
• Automate multi-currency accounting and revaluations
  
  
• Consolidate group results with powerful, multi-dimensional reporting
  
  

5 ways AccountsIQ helps renewable energy finance teams scale efficiently

1. Automate and streamline finance workflows

Managing finance across a growing number of SPVs quickly becomes time-consuming—especially when manual processes dominate. From purchase order approvals to cost allocations and intercompany recharges, many tasks can and should be automated.

We estimate that up to 90% of SPV accounting tasks are ripe for automation with AccountsIQ.

For example, BayWa r.e., a global renewables company, achieved significant efficiencies with AccountsIQ. Finance Manager Justin Ampofo estimates that automation has freed up over 20% of his team’s time, while helping the company go paperless and improve traceability.

Automation also simplifies multi-currency accounting and intercompany processes. At Getech, a global geoscience consultancy, the system automatically handles currency revaluations and standardises exchange rates across entities.

“AccountsIQ’s currency revaluation feature creates an automatic routine in the system which ensures accuracy in the calculations and reporting. Intercompany invoicing has also improved massively—AccountsIQ tracks, registers, and matches internal transactions seamlessly.”
— Simon Brown, Financial Controller, Getech

‍

2. Access your finance system from anywhere

While your renewable assets may be fixed in place, your team isn’t. As a true cloud-native financial management system, AccountsIQ offers real-time, secure access from anywhere.

Your team can approve invoices on the go, collaborate across locations, and access all supporting documentation directly within the platform—without the cost and maintenance of on-premise servers.

‍

3. Multi-entity consolidation

Renewable energy groups typically span multiple entities and jurisdictions. With one-click consolidation across currencies and subsidiaries, AccountsIQ eliminates the need for complex Excel models.

You gain full visibility over group-wide performance, including FX exposure and intercompany balances—ideal for CFOs managing multiple SPVs.

“AccountsIQ saves me a week’s worth of work every month end.”
— Simon Brown, Getech

Group consolidation is essential for accurate forecasting and reporting. AccountsIQ handles actuals, budgets, intercompany eliminations, and FX revaluations in a single workflow—enabling finance leaders to close faster and with confidence.

‍

4. Multi-dimensional reporting across all SPVs

Managing your SPVs through a central platform doesn’t mean losing individual insight. AccountsIQ enables real-time reporting across your entire portfolio, while also offering granular, drill-down capabilities.

Fincovi, a renewable energy asset manager, chose AccountsIQ for its advanced KPI and reporting capabilities.

“The key to successful commercial asset management is the ability to see KPIs at a glance across the whole portfolio. That’s exactly why we chose AccountsIQ.”
— Ray O’Neill, CEO, Fincovi

With our multi-dimensional BI structure, you can track performance by site, region, asset type, or funding structure—whatever matters most to your stakeholders. Less noise means clearer insights, more informed decisions, and stronger portfolio performance.

“The biggest benefit is the data is dynamic. We can drill into the numbers, resolve any issues, and re-run the reports quickly. It’s not just a report—it’s a live system we trust.”
— Simon Brown, Getech

‍

5. Scale with ease—adding new SPVs or assets in minutes

Renewable energy projects are long-term investments. Tracking costs from construction through to operation is critical—and AccountsIQ makes it simple.

With flexible BI tracking and template-based entity creation, you can stand up new SPVs or asset entities in minutes, with full visibility from day one. Whether you’re setting up a new company or transferring data from build-phase to operational entity, our platform grows with you.

“The initial setup becomes a template for future subsidiaries. Expanding AccountsIQ is easy—we just add licences and replicate our model.”
— Simon Brown, Getech

‍

Explore Further: Multicompany SPV Accounting Webinar

Watch on demand: Learn how to streamline multi-entity accounting in the renewables sector
Access the recording

‍

Power Your Growth with AccountsIQ

AccountsIQ helps renewable energy companies simplify complexity and scale sustainably. 

Whether you’re managing a single wind farm or a global portfolio of solar, hydro, or battery storage assets, we provide the tools to deliver more insight, more control, and more value from your finance function. 

Book a demo or register for our next webinar to see our award-winning platform in action.

‍