What is Utility Expense Management | UEM ?
Utility Expense Management (UEM) is the process of augmenting every aspect of enterprises energy consumption to include Electric, Gas, Water/Sewer and Waste invoices.
Our streamlined services built into our cloud-based SaaS, ExpenseLogic TM include invoice processing, rate/tariff auditing, energy consumption, and reporting Bid Data analytics with benchmarking and optimization in the deregulated states. ExpenseLogic TM tracks and stores all utility data to ensure on-time payments while comparing against activity for vacant cost recovery.
Due to energy spikes or unpredictable weather conditions, working directly with the Utility Expense Management provider will help you obtain any possible credits through:
RadiusPoint will save you time and money with our superior Utility Expense Management solution by managing the initial audit of your utility invoices to vendor payment. Using a combination of ExpenseLogic TM algorithms coupled with the technical expertise our dedicated IT team, we review each utility bill to detect invoice errors, locate potential leaks before it becomes a problem, and recover credits owed by vendors.
What makes us different?
While auditing one of our client’s invoices in the Finance industry, we identified a large leak by meter at one of their locations, cost avoiding $2,711.15 in monthly charges.
• Monitor usage for each meter
• Identify spikes in usage
• Track budget versus actual & year to date spend
• Compare usage to other locations of the same size