Benefits of our Services in
Utility Expense Management
& Energy Expense Management
Utility costs are an oversight nightmare, with multiple service types —electric, gas, water/sewer, and various types of waste collection services— with cost fluctuations based on weather-impacted usage. A major component of our BPO service portfolio, our Utility Expense Management services manage the entire lifecycle of the meter and services, from order placement, verification of service establishment, cost allocation set-up, audit and optimization, all the way to utility bill payment.
As part of its BPO service portfolio, RadiusPoint:
Manages the entire lifecycle of the utility invoice, from receipt to payment
Places order for new services, or disconnect existing vendor services
Automates consumption cost allocation to the right location and cost center
Performs energy management optimization for cost avoidance & energy savings
Benefits
Energy regulations, ambiguous utility invoice data, and ever-changing weather conditions make it significantly difficult for companies to manage this vital component of their activity. Our experts in Utility Expense Management (UEM) and Energy Management Services (EMS) help organizations save labor time and costs by managing the entire invoice processing line, from receipt of monthly invoices, line-item audit, all the way to vendor payment. Relying on our ExpenseLogic™ software platform, combination algorithms, and the technical expertise our team of problem solvers, we search for hidden errors, locate potential leaks before they become an issue, and obtain recredits from vendors.
ExpenseLogic offers robust reporting functions tailoring reporting to a client organization’s needs: weather normalization, utility benchmarking, carbon emission, CO2 reporting, or industry-specific reporting such as Vacant Cost Recovery. Our proprietary SaaS platform creates business intelligence that meets your needs.
Automation of invoice processing saves labor time & costs
Efficient data capture helps generate valuable business intelligence
Procurement optimization in deregulated states saves on energy costs
Line-item audits by meter helps pinpointing overages and optimize consumption
Utility Expense Management Services – Lifecycle Coverage
Why Choose our Utility Expense Management (UEM) or Energy Management Services (EMS)?
RadiusPoint’s technology and 30-year expertise continuously evolve to meet the data analysis and reporting needs of each of our clients, whether it is benchmarking or vacant cost recovery. By way of example, clients in the property management industry needed specific reporting identifying move-in/move-out timing, as well as vacant cost recovery. Our team of software experts rose to the challenge, and created a VCR reporting function within our SaaS platform ExpenseLogic.
Click on the button below to find additional information about our facilities benchmarking capabilities:
Two of our clients discuss the greatest benefits their organizations have received from RadiusPoint, in terms of reductions in labor time and costs, general level of service, and customization of services to our clients’ needs.
What is Energy Expense Management | EEM?
RadiusPoint is a recognized global leader in Utility and Energy Management (UEM) services, providing a technology-based software platform and process-driven solution for reducing costs and managing efficiencies.
Our mission is to automate the processing of our clients’ monthly utility bills, so that their managers not only have access to real-time visibility and operational intelligence, but also achieve cost savings through energy optimization.
The automated utility bill analysis provided to our clients gives them the expertise and guidance they need to manage energy procurement more efficiently. Our Energy Help Desk provides Utility Provisioning that covers the full lifecycle of services, from establishment to installation. All the while, saving companies 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 & conditions retention
Comparable to ContractWorks, ContractSage, etc.
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
Utility Benchmarking and Energy Star Programs
Whether you own, manage, or hold properties for investment, Benchmarking is a vital tool that is needed in today’s [...]
Acquisitions Inventory $15K Mistakes
According to Deloitte, "Corporations and private equity firms pin the most blame on external factors, but recognize the need for [...]
Avoid Service Outages During Acquisition
According to Deloitte, "Corporations and private equity firms pin the most blame on external factors, but recognize the need [...]
Social Contact