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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.
ENERGY SUPPLY MANAGER
Utility Bill Processing Product
Top Reasons Organizations Need Utility Bill Processing
Verisae’s Utility Bill Processing product helps organizations efficiently administer and process payments for one of its largest cost categories -- the provision of utilities. The risk of utility billing errors grows with the complexity of an organization and traditional bill management makes true cost and opportunity transparency impossible.
Bill processing across a diversified enterprise can be so cumbersome that without data correlation actionable opportunities for improvement can be lost. Utility Bill Processing helps eliminate admin time and cost and reveals potentially costly errors.
Organizations face barriers to managing their utility bill processing effectively:
- They have problems identifying internal problem areas and efficiency opportunities across multiple locations.
- They cannot derive actionable information from paper invoices.
- Errors or exceptions in bills are missed as they are difficult to identify.
- They cannot correlate actual energy used with the efficiency programs and real-time energy projects already in place.
Verisae’s Utility Bill Processing Product simplifies processing by:
- Scanning, digitizing, and presenting data in an easy to understand, web-based presentation
- Providing comprehensive analysis through exception management to show data against historical records
- Fully automating and streamlining payment service for all kinds of utility providers
- Handling exceptions, managing resolutions, and dealing with payments directly
Experience the benefits: measurable results drive value across an organization
- Financial team members will have a clear picture of how actual energy used compares with the amount of energy purchased from utilities and how that fits within the budget. Exceptions and problems can be more readily identified. As efficiency programs are introduced, success or failure can be easily tracked.
- Environmental team members will be able to utilize centrally provided data for carbon emissions management purposes.
- Operations team members will be able to match compiled energy usage figures on a timely basis, with the aim of lowering consumption.
Verisae delivers quantifiable value through realized gains
Verisae's Utility Bill Processing clients have realized savings of 3% to 5% of their utility spending, which is due to the elimination of billing errors and reduction of late fee implementation. The strength of the data entry process has pushed internal verification to 100% data accuracy over the past two years. Individual store-based or regional budgets can be established and monitored for monthly performance. Exceptions can be easily and immediately identified, allowing for instantaneous corrections and valuable cost savings.
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