Dynamics 365 Business Central · IFRS 16 & ASC 842 lease accounting · BC Projects · BC Service Management · Power BI asset analytics — built and run by one Microsoft Solutions Partner across UAE, KSA, India and USA.
From utility-scale solar & wind EPC to O&M operations on turbines and transmission, oil & gas service contractors, IPP lessors and OEM equipment fleets — same Business Central + BC Projects + Service Management architecture, format-specific configuration.
Power-industry companies sit in a peculiar gap. Tier-1 enterprise ERPs are sized for the utility-buyer at the top of the supply chain (sized in billions of meters and gigawatts). Generic mid-market ERPs miss the IFRS 16 lease accounting, the project-cost capitalization rules and the asset-level field-service needs that actually run the business. Most power-services companies end up running their leases on a separate spreadsheet, their projects on a separate spreadsheet and their field tickets on a separate spreadsheet — with a generic ERP for the GL. That is the architecture problem.
What Novasoft does differently starts with the right ERP at the right scale. Microsoft Dynamics 365 Business Central as the core ERP — one general ledger, one customer master, one vendor master. On top of that: an IFRS 16 / ASC 842 lease-accounting module that handles right-of-use assets, lease modifications, sub-leases and remeasurement journals natively. BC Projects for the EPC programme, BC Service Management for the technician fleet and Power BI on top for the executive asset-performance view.
On top of that one-tenant architecture, Novasoft layers Microsoft Fabric analytics for asset performance and project margin dashboards, Copilot Studio agents for natural-language asset queries, Power Automate for lease-modification approval workflows and supplier compliance, and Azure ML for predictive maintenance on connected assets — all on the same Microsoft tenant. One platform. One partner. One contract.
Every power-industry engagement starts with a lease registry review and a project-cost flow workshop. The BC implementation is configured around how your finance team actually accounts for leases and your operations team actually books project costs — not how a generic template assumes they do.
Review of your current lease registry, lease modifications, project cost allocations, field-service ticket flow and any current ERP. IFRS 16 / ASC 842 compliance gap analysis, project capitalization rule review and asset-master assessment. Written audit + BC readiness scorecard inside 5 business days.
Chart of accounts mapping (IFRS 16 right-of-use, lease liability, depreciation, finance cost), lease classification rules (finance vs operating, embedded leases), project cost capitalization rules, field-service work-order templates, asset hierarchy and multi-currency setup. Integration design for asset telemetry (Azure IoT), banking and statutory reporting.
BC core configured end-to-end. Lease accounting module loaded with real leases for parallel-run validation. BC Projects configured with active project portfolio. BC Service Management technician dispatch templates ready. Staff training (finance, controller, project accountant, dispatcher, field manager). UAT on sandbox with real lease modifications and real project journals before go-live.
BC cut-over with on-site Novasoft team during the planned month-end window. First compliant month-end on the new platform: IFRS 16 lease journals, project WIP, asset depreciation and field-service revenue recognition all run cleanly. Two weeks of hypercare through the close. Then hand-over into NovaCare 360° for ongoing BC and compliance support.
Every block runs on the same Microsoft tenant. Business Central as the ERP core. Lease accounting, project costing, service management, analytics and AI all read from one chart of accounts and one asset master.
The core ERP for mid-market power-industry companies. Business Central handles GL, AP, AR, fixed-asset register, vendor and customer master with multi-entity consolidation, multi-currency and FTA-compliant VAT reporting (tax.gov.ae). Right-sized for power companies in the $20m-$500m revenue band — not the $5bn+ utility-buyer end where tier-1 enterprise ERPs dominate.
Business Central practiceLease accounting module on top of BC. Lease classification (finance vs operating, embedded leases), right-of-use asset calculation, lease liability schedule, periodic depreciation and finance cost journals, lease modifications, sub-leases, remeasurement events and disclosure reports — all automated. Compliant with IFRS 16 (international) and ASC 842 (US GAAP). No more lease registers in Excel. No more journal entries by hand at month-end.
Business Central practiceProject lifecycle management for EPC and infrastructure builds. Estimating, resource planning, time and expense capture, project cost capitalization, percentage-of-completion revenue recognition, change-order management, project WIP and project margin reporting — integrated natively with Business Central GL. The project accountant and the project manager share one tool, one set of numbers.
eCommerce practiceAsset-performance dashboards built on Microsoft Fabric Lakehouse ingesting BC financials, BC Projects, Service Management tickets and Azure IoT telemetry from connected assets. Direct Lake Power BI for sub-second refresh on asset utilization, mean-time-to-failure, lease-cost-to-revenue, project margin and field-tech productivity. One semantic model, one set of business rules.
Analytics practiceBC Service Management for asset dispatch, maintenance scheduling and on-site service workflows. Work order management, technician routing and scheduling, mobile work-order capture (offline-capable), IoT-triggered work orders from connected assets, parts inventory at the truck level, and customer-asset history visible to the dispatcher in real time. Integrates natively with BC for billing and revenue recognition.
Retail Co-PilotSpecific, verifiable changes Novasoft customers report in the first month-end after BC cut-over.
BC lease module auto-generates right-of-use depreciation, lease liability unwinding, finance cost and FX revaluation journals on every relevant lease, every month. Lease modifications and remeasurements recalculate automatically. The finance team stops spending the last week of every month doing lease journals in Excel and starts spending it on actual analysis.
BC Projects tracks actual cost vs estimate-at-completion every week. Live Power BI on Fabric shows project margin, WIP balance, change-order revenue and resource utilization in real time. Project margin erosion is caught at 30% complete, not in the close-out review six months after handover.
Azure ML predictive-maintenance models surface failures 7-30 days ahead. BC Service Management auto-creates work orders, allocates technicians and sources parts. Emergency call-outs drop by 30-50% in the first quarter. Asset uptime goes from 88-92% to 96-98%. SLA penalty exposure drops to near zero.
AI route-optimization on BC Service Management work orders, skill profiles and Azure Maps compresses technician routes 15-25%. Re-optimizes mid-day on emergencies and parts-delays. Billable hours per technician per quarter typically go up 8-14% — without adding headcount. Customer-visible ETAs actually hold.
Novasoft delivers power-industry Business Central projects from four delivery centres — UAE, Saudi Arabia, India and the USA — as part of the broader Digital Transformation practice. The same LS Retail Diamond Partner team is on every engagement regardless of where the customer sits. KSA power-industry projects run through the local Novasoft entity for on-site implementation; UAE, India and USA cover remote and hybrid delivery across Gulf, Indian-subcontinent and North-American business hours.
Edited excerpts from Novasoft customer references published on the homepage and the LS Retail partner directory. Every reference is contactable on request during the scoping workshop.
Before BC, our IFRS 16 lease compliance took the finance team five days every month. After Novasoft’s BC + lease accounting go-live, we run it in two hours. The external auditor signed off our first year-end with zero adjustments on lease classification.
Project margin used to be a back-end discovery exercise. Now BC Projects + Power BI shows live margin per project as the work happens. Two underperforming EPC contracts were renegotiated mid-build because we caught them at 35% complete instead of at handover.
BC Service Management + Azure ML predictive maintenance cut our emergency call-outs by 42% in the first quarter. Asset uptime is at 97.5%, up from 91%. We renewed three multi-year O&M contracts on the back of demonstrably better service levels.
All products run on one Microsoft tenant. Microsoft Solutions Partner credentials on Business Central, BC Projects, BC Service Management, Fabric, Power BI, Power Automate, Copilot Studio and Azure. IFRS 16 / ASC 842 lease-accounting AppSource solution deployed and refreshed each Microsoft wave.
Active Microsoft Solutions Partner — Business Applications credential. Consultants certified across Business Central, Power Platform, Fabric and Copilot Studio.
Microsoft practice
5 consecutive years (2022–2026) at the highest LS Retail partner tier. Verifiable on the LS Retail partner directory. Same team scopes, builds, runs.
LS Retail practice
At go-live, the BC tenant, lease accounting module, BC Projects, Service Management and Fabric Lakehouse hand over into NovaCare 360° — release-wave readiness on every Microsoft cadence, lease-accounting standards monitoring (IFRS 16, ASC 842 updates) and quarterly compliance reviews.
Explore NovaCare 360°Practice-level additions that ship alongside every BC engagement — AI extensions, packaged accelerators and bench depth that didn’t exist in 2024.
Natural-language asset and work-order queries grounded in BC and BC Service Management data via Fabric. “Show me overdue maintenance on KSA generators.” Deployable in Teams, Outlook and WhatsApp.
Asset Co-PilotUpgraded BC lease accounting AppSource solution. New: lease-modification assistant, embedded-lease detector, multi-currency lease support, ROU asset impairment, FX revaluation and 2026 disclosure-report templates.
Business CentralPre-trained Azure ML models for common power assets (generators, transformers, pumps, motors). Customer telemetry plugs in via Azure IoT; failures auto-create Service Management work orders. Ships in 4-6 weeks.
AI & CopilotOut-of-the-box Power BI semantic model on Fabric: asset utilization, mean-time-to-failure, project margin, field-tech productivity, lease cost vs revenue, IFRS 16 disclosure. Configured against your BC data on day one.
AnalyticsAzure Maps + technician skill profiles + work-order priority — computes optimal daily routes per technician. Re-optimizes on emergencies. Cuts drive time 15-25%. Increases billable hours per technician 8-14% without adding headcount.
Cloud ComputingNo sales deck. No pressure. Tell us your current ERP, your lease registry size and your project-cost reality — we’ll walk through IFRS 16 compliance gaps, project-margin visibility and field-service maturity in 60 minutes, and give you a written BC readiness scorecard inside 5 business days. Free, even if you never sign with us.
Tell us your power-industry sub-sector, current ERP and lease portfolio size. A Novasoft BC consultant — not an SDR — will be in touch within one business day to book the on-site or remote BC & lease-accounting audit.
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Microsoft Dynamics 365 Business Central as the ERP core; an IFRS 16 / ASC 842 lease accounting module on top; BC Projects for EPC and infrastructure builds; BC Service Management for technician dispatch and asset maintenance; Microsoft Fabric with Power BI for asset-performance and project-margin dashboards; Azure ML for predictive maintenance; Power Automate for compliance workflows. One Microsoft Solutions Partner team builds and runs the entire stack.
Business Central is right-sized for power-industry mid-market companies in the $20m-$500m revenue band — the lessors, EPC contractors, O&M providers and renewable operators. Tier-1 enterprise ERPs fit the $5bn+ utility-buyer end of the supply chain; QuickBooks fits below $20m. BC sits exactly where most power-services companies actually are. Plus BC integrates natively with BC Projects, BC Service Management, Microsoft Fabric and Azure ML — one Microsoft tenant covers the entire technology footprint, not five vendor integrations.
A typical mid-market power-industry company go-live takes 14–20 weeks for the core scope: assessment and design (3–4 weeks), BC core configuration (4–6 weeks), lease accounting module load with parallel run (3–4 weeks), BC Projects setup (2–3 weeks), UAT (2 weeks), go-live cut-over at month-end (1 week) and hypercare through first compliant close (2 weeks). BC Service Management is typically added as a wave-2 module, 6–10 weeks after BC go-live.
Yes. BC is configured for multi-entity consolidation with elimination journals, FX revaluation on lease liabilities and right-of-use assets, FTA-compliant VAT (tax.gov.ae), e-invoicing standards alignment and statutory reporting per jurisdiction (UAE, KSA, India, USA). Lease accounting handles multi-currency leases natively — ROU asset, lease liability and finance cost all calculated in functional currency with monthly FX revaluation journals.
Four layers. Asset Co-Pilot — a Copilot Studio agent grounded in BC + Service Management data that answers natural-language questions about asset performance, maintenance status and project margin. Azure ML predictive-maintenance models trained on telemetry, maintenance history and operating conditions to predict failures 7-30 days ahead. Lease classification AI that auto-suggests IFRS 16 / ASC 842 classification and detects embedded leases. Field-tech route optimization on Azure Maps + skill profiles. All grounded in the customer’s actual data via Microsoft Fabric.
NovaCare 360° — SLA-backed managed support for the Business Central tenant, lease accounting module, BC Projects, BC Service Management, Fabric Lakehouse refresh schedules and Microsoft release-wave readiness. Monthly compliance check against IFRS 16 and ASC 842 standards updates, BC AppSource lease-module patching, Defender alerts and quarterly compliance reviews with the external auditor pre-briefed. Same partner that built the system stays on through every Microsoft and standards wave.
Yes. Novasoft’s lease accounting AppSource solution for Business Central runs dual reporting on the same tenant — one lease contract, two parallel schedules (IFRS 16 right-of-use asset + ASC 842 finance vs operating classification). Useful for power-industry groups consolidating under IFRS at the parent while producing US GAAP reporting for North American subsidiaries or US-listed peer benchmarking. ROU asset impairment, lease modifications, FX revaluation and 2026 disclosure templates all handled on the same data model.
BC Projects configured for EPC milestone economics — progress-billing schedules linked to physical milestones, sub-contractor management with back-to-back terms, variation orders and approved-claim tracking, retention & performance-bond accounting, multi-currency revenue recognition for solar EPC, transmission and wind project structures. Tightly integrated with Business Central for project costing, AP/AR, and the lease engine where IPP/lease-bundled deals apply. Field engineers raise PRs on Power Apps mobile (NOVAREQ on AppSource); head-office approves; PO posts to BC against the project code.
Last reviewed May 2026.
