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If you spend more than about $1 million a year on energy, your potential savings are big enough to make this worth your time.

If you operate more than about 20 stores, your energy-management challenges are complex enough that you’ll welcome these ideas, specifically aimed at multisite retailers.

Utility Bill Processing (UBP) Benefits

All indirect carbon emissions associated with purchased electricity can be captured from the electricity bills and all on-site combustion emissions can be captured from your gas bills. This data is then directly incorporated into your enterprise carbon footprint.

In addition, the service allows you to automate the bill payment process, identify and avoid billing mistakes, consolidate energy data needed for deregulated energy purchasing, identify top and bottom performing stores in similar regions, ensure stores are being served on the correct utility rate and quickly verify that deregulated suppliers are charging per the contract terms.

Utility Bill Processing Benefits:

  • Removing paper from the bill processing
  • Verification and exception reporting results in average cost avoidance of 3-5% of utility spend
  • Web-based reporting and review of all utility bill data
  • Correlation of utility spend with maintenance and site survey data
  • The ability to determine percent of utilities delivered by generation resource.
  • Helps to better manage cash flow for this major company expenditure
  • Visibility into energy usage and data once hidden
  • Save money from data errors, incorrect billing, EE initiatives
  • Optimize operations and energy usage to lower consumption (triple wins)

Utility Account Management

This function allows customers to set up utility account contact information in a format that can be utilized when resolving billing exceptions. . This includes utility company name, contact person, title, phone number and email address.

Utility Bill Capture

This module facilitates the capture of billing information from the utility providers. The Verisae UBP system supports multiple billing formats including: Electronic Data Integration (EDI), paper to digital fax automation, flat data files, and integrated web services.

Online Reporting

The system can provide a wide variety of detailed and summary reports. Customers can utilize all standard reporting features provided by our system in addition to the ability to create custom web based reports that can be emailed, moved to excel, converted to PDF format and auto-saved to their customized dash board.

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