Finally, UCM has developed its expertise by participating in regulatory proceedings to bring about far-reaching changes to utility company policies and tariffs. In most cases, their advice is influenced by their specific area of expertise, or by products and services that they hope to sell to you – whether it’s solar panels, energy-efficient equipment, a maintenance contract, or energy accounting software. Whatever community you manage or property you own, our utility management experts can save you time, money, and resources.
A reputable 3rd-party utility bill management provider will have the know-how and valuable experience in skillfully working with utility service providers. Even the best utility bill management programs sometimes experience billing errors that go through front-end review and processing. These may seem like basic points, but when absent, they will lead to unnecessary time and money costs (same thing) for your organization over the long term. Invoices managed centrally within a utility bill management program will be reviewed for errors within the process and paid promptly, and all activities will be appropriately documented within the system. The opportunity for overcharges is immense for organizations not leveraging a centrally managed utility bill management program. Utility bill reviews that are processed efficiently and automated will reduce overcharges.
Save time and money while we establish or terminate accounts for your business. In this highly technical field, it’s easy to pay too much. Our utility expense management services include utility invoice reviews, processing and paying utility bills, analyzing / reporting utility data, and energy procurement. And we acknowledged that it’s not an area that generally gets much attention; it’s overshadowed by more front-and-center topics that drive most expense management discussions. These recoverable savings opportunities either result from identifying utility services overcharges via rate audits (e.g., incorrect rates), incorrect services billing via purpose audits (e.g., should not be billed), or service optimization This article is a collaborative effort by Tellennium’s expert team members, including Greg McIntyre, Shawn Veitz, Matt McIntyre, and Todd Givens, who together bring over 100 years of industry experience to the table.
The Art of Utility Cost Control
Additionally, an effective utility bill management and payment strategy not only reduces the administrative burden on back-office resources, but it also ensures that payments are made on time and no overage charges are assessed. With a few simple changes, property managers can cut down on electricity use while keeping tenants comfortable. Companies can optimize their operations and lower overheads by understanding how to track energy and utility consumption and analyze charges. From companies to property owners, our utility experts use your utility bill data to streamline billing processes across your entire portfolio of providers to reduce costs and bring powerful insights into areas where you can reduce energy consumption. Additionally, property managers can educate tenants on energy-saving practices and implement smart technology to reduce utility consumption. The administrative chores of utility expense management software can consume lots of precious time and resources.
Large Commercial Real Estate Owner Veolia helped one of the largest owners of commercial real estate in the US develop a system to ensure ISO costs were being billed correctly, reimbursing multi-million dollar settlements. Utility expense management services that improve data collection efficiency, improve energy reporting, and reduce costs. Automating collection of utility bills and meter data to create transparency, avoid utility billing errors, and sub-meter bill tenants When it comes to utility bill management solutions, we understand the importance of not only saving time, but also implementing effective energy management strategies to save money too.
It helps to develop “centers of excellence” in several areas to reduce costs while improving service levels. The bank should start with an evaluation process to determine a current baseline case versus the future footprint of the utilities management initiative. For example, banks may want to make simple changes to internal temperature. When tenant metering is done, the data flows into software that gives transparency into recovery rates at the portfolio, building and tenant-level.
- For large enterprises, effective utility expense management is essential to control costs, ensure accurate billing, and identify opportunities for energy efficiency.
- Finally, UCM has developed its expertise by participating in regulatory proceedings to bring about far-reaching changes to utility company policies and tariffs.
- Centralized data also facilitates more accurate billing, ensures compliance with regulations, and enhances overall utility management efficiency.
- Utility expense management services that improve data collection efficiency, improve energy reporting, and reduce costs.
- But more than that, UCM’s regulatory focus ensures that clients face a level playing field when working to reduce utility expenditures.
Property managers can help with utility management expenses by closely monitoring utility bills, ensuring timely payments, and identifying areas for cost savings. As the https://construction-rent.com/environmental-compliance-and-erosion-control-solutions-assistance-to-construction-and-industrial-projects.html demand for sustainable and cost-effective building operations grows, the importance of robust utility management will continue to rise. Utility management in commercial buildings is a critical part of facilities management that will boost efficiency, reduce costs, and support sustainability. Utility Management involves overseeing and optimizing the use of resources such as electricity, water, gas, and waste.
What Cass Can Do for You
- ARDEM offers comprehensive business process outsourcing solutions tailored to optimize utility cost management for large enterprises.
- These steps are a great way for organizations to begin building a foundation for effective, long-term utility expense management.
- BILLPAY is UMC’s bill auditing and payment process that combines data optimization with the latest transaction technologies to save you time and resources, ensuring accurate billing and increasing operational efficiency.
- Our platform aggregates and normalizes energy data across units, including data from EnergyStar Portfolio Manager, so teams can benchmark performance, apply cost-per-square-foot analysis and identify efficiency opportunities.
- Regular HVAC maintenance is a simple way to keep systems running smoothly and avoid wasting energy.
By scrutinizing detailed consumption data and constantly monitoring developments in the regulatory environment, UCM ensures that utility charges comply with the latest interpretations, rulings and amendments. From this experience, UCM has seen what works, and what doesn’t, and has learned how customers can benefit from in-depth analyses of utility data and greater understanding of rates and regulations. UCM can offer this wide-ranging expertise because of the unique perspective that the firm has gained during the past thirty-five years. But more than that, UCM’s regulatory focus ensures that clients face a level playing field when working to reduce utility expenditures. Yes, we’re objective, because our only goal is identifying and implementing the best solution, not selling a particular product. It has been a driving force in the formulation and https://www.mon-expression.info/what-do-you-know-about-13/ adoption of new regulations that have benefited tens of thousands of utility customers.
Therefore, getting it right is essential to modern-day utility expense management programs. Or you may want to ease slowly into a partnership with a 3rd party utility expense management provider, especially if working in this type of business relationship is new to you. When enterprise expense management programs are executed well, it’s not about “one and done” exercises in a vacuum.