Glossary

asset

Any element in the level below the organization. An asset can be either a structuring or a production element.

• Structuring assets help you to organize your organization tree on higher levels as parent elements for sub-elements. They work a bit like folders, but are still evaluable. Example: an investment fund, a country, or a project.

• Production asset represent your actual renewable energy assets. Create them on the lowest level of your organization tree as you can not create sub-elements for them. Example: Photovoltaics, wind, hydropower, or battery asset.

cashflow

Top bar tab in which you can upload and manage all of your bank transactions.

category

mc Assetpilot differentiates between two types of financial categories:

• Cashflow categories for transactions, invoices (past), and forecasts (future). These are specific to the renewables sector

• Bookkeeping/accounting categories: Tax classifications, for example SKR03 / SKR04 in Germany

contact

Contacts include operations and maintenance teams, banks, and other individuals involved in the daily operations of your assets who may not use the platform.

dashboard

An overview of an asset that the user defines my means of various widgets.

dashboard template

For a dashboard view, you must first create a dashboard template. Dashboard templates are created under your administration settings and can be applied to any asset you choose. Any changes made to dashboard templates are propagated to all assets that use the template.

financial model

A financial model is a mathematical model that represents a company's operations in the past, present, and forecasted future in numbers. Financial models are used for decision-making and financial analysis. For example, they can be used to estimate the costs and project the profits of a proposed new project, or to model feed-in tariffs, investment subsidies, current power purchase agreements, or market price structures. Based on the calculations and parameters you create, you can create a financial model. You can then use a financial model to create a forecast.

financial model template

Once you have created a financial model, you can create a financial model template which can then be applied to new financial models.

forecast

Projection of an asset or organization's financial future based on a financial model.

intermediate calculation

Formula that may be used as a basis for other calculations but is not assigned to a cashflow category, and as such is not part of the forecast results on its own. It is an additional step in creating a calculation. Example: System size in MW: m2 * MWh/m2

mapped transaction

Bank transaction that has been categorized in the Cashflow domain.

notice period

Advance notification that one contractual party must provide to the other before terminating or making significant changes to the contractual relationship.

organization

The organization is the base for all your work in mc Assetpilot. It consolidates related assets, contacts, forecasts, documents, and tasks. The organization is the highest level on which evaluation is generated and actions can be carried out. The owner and the admins manage the organization and decide how it should be structured in terms of assets and sub-assets, etc.

parameter group

You must organize parameters into groups that you define according to your needs. Parameter groups themselves are not used for calculations: they help you to find and enter parameters into your calculations. 

project’s lifetime

The earliest start and latest end date of all the project phases you define in a forecast.

tag

Keyword, term, or label that you can assign to a piece of information and that will help you to find relevant information when searching.

task

Tasks are any job that needs to be carried out for asset management, such as finalizing budgets with stakeholders, evaluating O&M suppliers, organizing maintenance schedules, and preparing tax documents. A dedicated domain for tasks is available at the asset level. In the asset manager role, you can assign work and set deadlines for yourself and team members.

transaction

A bank transaction. Transactions are mapped to categories, which are used to compare them with your forecasts.

transaction, unmapped

A bank transaction that has not yet been mapped to a cashflow category.

widget

A small application or component of a dashboard that enables you to view data in a specific way.