Utility Expense Management
Utility Expense Management (UEM) is the process of augmenting every aspect of large corporation’s 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. Using a combination of its algorithms coupled with the technical expertise our dedicated IT team, RadiusPoint will review each utility bill to detect invoice errors, locate potential leaks before it becomes a problem, and recover credits owed by vendors.
Utility Expense Management (UEM) Services
Utility costs rank as one of the highest expenses to manage but are typically not a priority for management. Saving your company money is crucial because let’s face it, money wasted is incredibly futile in a world with such easy access to technology and knowledge.
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. Utilizing our ExpenseLogic TM software, we monitor usage for each meter, identify spikes in usage, track budget versus actual and year to date spend, compare usage to other locations of the same size, and more.
Due to energy spikes or unpredictable weather conditions, working directly with the Utility Expense Management provider will help you obtain any possible credits. While auditing one of our client’s invoices in the Finance industry, our SaaS, ExpenseLogic TM identified a large leak by meter at one of their locations, cost avoiding $2,711.15 in monthly charges.
RadiusPoint provides an unparalleled approach to Utility bill Analysis by:
Utility Watch takes RadiusPoint’s Expense Management services to another level. With Utility Watch services, the RadiusPoint team will develop a program that will maximize the visibility into your services while reducing the monthly costs. ExpenseLogic’s Deregulated Utility Bill Audit will ensure that the savings found for the deregulated states will be identified, quantified and reported on a monthly basis.
With ExpenseLogic, RadiusPoint’s Utility Bill Auditing software, the tariff rates and contract rates are validated on a monthly basis. This unique software capability allows the RadiusPoint team to enhance your organizations Deregulated Energy procurement program while creating a variety of reports, rich with Business Intelligence. The Utility Watch team will manage your Energy Procurement program by creating various reports that will identify those locations that are trending with higher usage than other locations of the same size or that are billing outside the tariff or contract rates. See below for the reporting and services that are included with Utility Watch.
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