Utility Expense Management Services | UEM2021-02-16T08:32:57-05:00

Project Description

The Benefits of RadiusPoint’s UEM/EMS Services

Utility costs, with multiple service types, electric, gas, water/sewer and various types of trash services with cost fluctuations based on usage that is affected by the weather, creates an oversite nightmare. With our Utility Expense Management services, RadiusPoint will manage the entire lifecycle of the meter and services, from the order placement, verification of service establishment, set up for cost allocation, audit and optimization to payment.

Managing multiple locations with multiple services types including electric, gas, water/sewer, steam and various types of trash services can be daunting. Cost fluctuations based on usage that may or may not be related to the weather can create an oversite nightmare.

RadiusPoint will:

  • Manage the entire lifecycle of the utility invoice from receipt to payment

  • Place order for new services or disconnect existing services

  • Cost allocation to the right location and cost center

  • Energy optimization to Cost Avoid and save money

RadiusPoint’s team, utilizing ExpenseLogic, brings solutions that work together for you.

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Benefits

Managing this lifeline of your organization can seem impossible with energy regulations, ambiguous invoice data and ever changing weather conditions. RadiusPoint will save your organization time by managing the receipt of the monthly invoice, line item audit through to the vendor payment. Using ExpenseLogic and a combination algorithms coupled with the technical expertise our team of problem solvers will research potential errors, locate potential leaks before it becomes a problem, and recover credits owed by vendors.

Reporting that is tailored to your specific needs can be provided by RadiusPoint’s proprietary software, ExpenseLogic, whether that is Weather Normalization reporting, Utility Benchmarking, Carbon emission, Co2 reporting or reporting that is needed for your industry, such as Vacant Cost Recovery, it can be created, just to meet your business needs.

  • Automation of invoice processing to save staff time

  • Data capture to create pinpoint analysis

  • Optimization in deregulated states to save money

  • Line Item Audits by meter to pinpoint overages

Utility Invoice Management

Receiving the invoice is just the first step that will be managed during the Utility Invoice Management and Utility Bill Pay service. Entering the invoice data with kWh, Therms and gallons for future reporting is completed with each invoice. Paying the invoices with each vendor and imaging the invoice for future recall and review completes the full lifecycle of the invoice.

Utility Audit & Optimization

Monthly line item audits ensure invoices are correct, or disputed if they are not correct, and the robust invoice detail allows for quick review and optimization to save your organization money. RadiusPoint’s team provides a monthly Utility Bill analysis to ensure your services are billing correctly.

Inventory Management

Usage management to allow for the kWh, Therms, CCF and gallons to be accurately reported, analyzed and optimized when possible. Each meter number is used for tracking usage and allocating the monthly invoice costs to the correct Cost Center or Location. Equipment at each site can be viewed at the location level by Serial number.

Reporting and analytics

Big data allows your internal reporting needs to be met with ease, as well as, any governmental regulated reporting. Meter read usage and service dates allow for the most accurate reporting when utilizing our Usage Analysis, Co2 or Weather Normalization reporting or when viewing the Exceptions for cost overages.

Why Choose RadiusPoint

RadiusPoint continues to evolve and meet the reporting needs of each and every Client whether its Benchmarking or Vacant Cost Recovery. Our Property Management companies need specific reporting that identifies the move in and move out timing and usage, Vacant Cost Recovery reporting. Our Team rose to the challenge and created within ExpenseLogic, VCR reporting.

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Read More about Benchmarking

Utility Benchmarking

Task Automation

Reporting Analytics

What is Energy Expense Management | EEM?

RadiusPoint is a recognized leader in the global Utility and Energy Management (UEM) services, providing a technology-based software and process-driven solution for augmenting costs and managing efficiencies. Our goal is to automate the monthly utility bill processing so managers not only have access to real-time visibility and operational intelligence but save money through energy optimization. By successfully providing an automated utility bill analysis RadiusPoint provides our clients the expertise and guidance through their energy procurement endeavors. Our Energy Help Desk provides Utility Provisioning that provides the full lifecycle of services from the establishment to install, all while saving your company time and money.

Accounts Payable

 

  • 27 Fields of Data Points

  • Bill Pay

  • Accrual File Interface

E-PROCUREMENT BNDL

  • E-Procurement Portal

  • Approved Vendor Ecosystem

  • Supplies & Service ordering

Contract Management

  • Image Storage

  • Terms and conditions retention

  • Comparable to ContractWorks, ContractSage, etc.

By Utilizing ExpenseLogic, your invoices will receive line item invoice detail that allows for the most detailed Invoice processing and invoice payment in the industry.

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Reporting Analytics

  • Audit Analysis

  • Budget Reporting

  • Comparison Reporting

Mac Ticket System

  • Client defined portal

  • Approval process by user group

  • Comparable to Service Now, Start Ticket, etc.

Expense Audit

  • Line item detail audit

  • Control compliance

  • Dispute tracking

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