Three Benefits of Total Commodity Management

Gain Peace of Mind with Streamlined Utility Management

Utility Missing Puzzle Pieces

Are you still managing some of your commodity invoices manually? If you’re processing high volumes of bills with lots of incoming mail every month, it’s easy to miss one. Companies’ top pain points for invoice management center around the logistics, time, and costs associated with managing and processing large quantities of billing statements. However, efficiency in processing utility invoices is particularly crucial because missing even one can bring operations to a halt with the shutdown of a vital commodity service.

Chart of Top Pressures Driving Improvements in Invoice Management

Perhaps, you’re ahead of the curve in utility invoice processing and manage your electricity and natural gas accounts in an energy intelligence platform. Are you still handling the payment of other commodities offline? There is more value to be captured by also adding water, renewables, waste, sewer, and other accounts. In fact, three main advantages of total commodity management are cost savings, improved efficiencies and streamlined sustainability reporting.

1. Save Costs

We find that our comprehensive and turnkey energy and utility management solutions typically save clients more than fifty percent (50%) compared with average processing and payment cost.

Our AP Processing service automatically pulls audited energy bills and other commodity bills from our Energy Intelligence Suite (EIS) into your company’s Enterprise Resource Planning (ERP) or accounting systems for payment.

Our Energy Intelligence Suite enables faster invoice processing across all commodities, not just energy utilities thereby reducing late fees and eliminating shut-off notices from bills:

  • Issued late by the utility
  • Billed in non-monthly intervals
  • Missed because of lost paper invoices
  • Received late due to manual online invoice retrievals

2. Increase Efficiencies

By leveraging energy analytics, you can quickly identify spikes and anomalies in your account statements. Easily spot unusual year-over-year variances. Use benchmarking to apply best practices from your most efficient facilities to others across your portfolio. Most commercial facilities are moving toward real-time electricity monitoring with smart meter and interval meter measurement. We help our clients bring together their multi-sourced energy data.

3. Simplify Sustainability Reporting

Many sustainability reports and mandatory disclosure policies require reporting across multiple commodities. Whether your sustainability strategy includes Carbon Management, ENERGY STAR Portfolio Manager, H.B. 3693 Report Management, LEED, BOMA 360, or other initiatives, our EIS Sustainability analytics facilitates easy reporting.

EIS Carbon Management By Electricity Source Report

Leave a Reply

Your email address will not be published.