Property Management
Generate Savings on Cost & Resources with UEM software
Under our Utility Expense Management (UEM) services, we track all the utility bills of your organization from the moment a service order is placed, through verification of service establishment, cost allocation, invoice auditing, billing error correction & elimination, and finally, on-time bill payment. The process results in tighter cost control, actionable business intelligence, hard & soft cost savings, as well as avoidance of service interruptions. Using our SaaS platform ExpenseLogic®, we give our clients’ management teams a clear dashboard of energy usage data across locations.
- Manages the entire lifecycle of the utility invoice, from receipt to payment
- Places order for new services or disconnects existing vendor services
- Automates consumption cost allocation to the right location and cost center
- Performs energy management optimization for cost avoidance & energy savings
With the ExpenseLogic™ software, our Property Managers have instant insight to expenses by property down the meter level.
Benefits of Utility Expense Management
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 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 and line-item audits, all the way to vendor payment. Relying on our ExpenseLogic™ software platform, combination algorithms, and the technical expertise of 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
Utility Billing Management Through the Lifecycle of all Invoices
Expense Management
Providing a holistic approach to Expense Management allows our property managers the benefit of having hard to reach billing and expense information from the utility or telecom companies on their desktop, when it is needed. On time billing information including kWh or therm unit of measurement data delivers clear and consise details for authoritative business decisions.
Invoice Audit & Error Rectification
Monthly line-item audits ensure vendors’ invoices are correct—or disputed when they are not. The level of invoice details enables quick review and optimization to save our client organizations money. Our team of experts provides your company with a monthly utility billing analysis that ensures utility services are billed correctly.
Usage Tracking & Cost Allocation
Through usage management, RadiusPoint ensures kWh, therms, CCF and gallons are accurately reported, analyzed, and—when possible—optimized. We track usage based on the individual number of each meter, which allows us to allocate monthly invoice costs to the correct cost centers and locations. Our clients’ teams can view site equipment at location level, by serial number.
Reporting & Analytics
Leverage advanced data analysis to generate accurate, actionable insights across all utility expenses. ExpenseLogic provides detailed reporting including usage analysis, benchmarking, CO2 emissions, and weather normalization, enabling organizations to identify cost drivers, ensure compliance, and optimize performance.
Energy Procurement and Contract Management
Leverage our industry market knowledge to identify the best energy procurement rates for your location. Analyzing monthly captured data allows for constant assessment of contract rates for invoice accuracy. Invoice processing of each invoice through to the utility bill pay point, allows for the monthly indepth analysis of each invoice and rate at the meter level. ExpenseLogic allows for each meter to be tracked by previous unit of measurement, contract rates, deposit status and amount and weather station for robust business intelligence.
Sustainability
Track and optimize energy usage to support sustainability initiatives across your organization. ExpenseLogic enables carbon emission reporting, CO2 tracking, and weather-normalized analysis to help reduce environmental impact while improving operational efficiency and cost savings.
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.
Utility Benchmarking
Task Automation
Reporting Analytics
Vacant Cost Recovery: Put an End to Utility Theft from Vacant Units
Managing multiple properties comes with the challenge of ensuring accurate utility billing during vacancy transitions.
Even a few days of untracked usage can add up to significant costs.
Invoice Receipt & Auditing
We audit every utility invoice, identify errors, and reconcile discrepancies. On average, this process results in over 25% in cost savings without needing to change vendors.
On-Time Payments
RadiusPoint ensures utility payments are made directly to vendors on your behalf. But before any funds are sent, ExpenseLogic verifies billing accuracy to ensure your organization only pays what it should.
Resolution Disputes
Our intelligent software holds vendors accountable. Credits are issued where errors are found, and we manage the dispute process, removing the burden from your internal team.
Seamless Integration
Our cloud-based ExpenseLogic platform integrates with all 8 departments within your organization, making it easy to track and report utility usage and costs in real-time.
Reporting & Benchmarking
ExpenseLogic offers deep reporting functionality, including Big Data analytics, benchmarking, and optimization capabilities. These tools are particularly valuable in deregulated states, where utility management can be more complex.
Energy Supply Management
We don’t just help recover past costs. Our service automates energy supply processes to improve visibility, enable smarter decisions, and reduce energy consumption and costs long-term.
Two of our clients discuss the greatest benefits their organizations have received from RadiusPoint, in terms of reductions in labor time and costs, the general level of service, and customization of services to our client’s needs.
Our Energy Expense Management service include
Global Leadership
RadiusPoint is a recognized global leader in UEM and EEM services, providing a technology-based software platform and process-driven solution for reducing costs and managing efficiencies.
The RadiusPoint Mission
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.
Expert Energy Guidance
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
- Allocation
- Accrual Files
- Comparable to Peoplesoft, Great Plains, etc.
Wireless Management
- Device Detail Storage
- Line Contract Detail and Audit
- Email Reports
Asset Management
- Storage of Assets
- Identification by Serial Number
- Interface with HR Employee ID
Contract Management
- Image Storage
- Terms and Conditions Retention
- Comparable to ContractWorks, ContractSafe, 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
- Contract Compliance
- Dispute Tracking
Document Management
- Image Storage by Account, Invoice Number, etc.
- Permissions-Based Image Recall
- Elimination of Paper
What Is ESG Reporting? A Practical Guide for Modern Businesses
Not long ago, Environmental, Social, and Governance (ESG) goals were a “nice-to-have” for many organizations, a footnote in an annual report or a small section on the company website. Today, that has fundamentally changed. ESG reporting has moved from the periphery to the core of business strategy, driven by intense pressure from investors, regulators, and […]Read More
Role of Utility Expense Management in Enhancing Sustainability
The Crucial Role of Utility Expense Management (UEM) in Enhancing Sustainability In the pursuit of a more sustainable future, businesses and organizations are increasingly turning their attention to the management of utility expenses. Energy, water, and other utility costs not only impact the bottom line but also have significant environmental implications. By implementing effective utility […]Read More
UEM Collaboration Saves Over $1 Million
UEM Collaboration Saves National Home Builder Over $1 Million RadiusPoint recently collaborated with a national home builder to simplify the process of utility ordering and ensuring installations for more than 5,000 new home projects yearly. During this collaboration, RadiusPoint uncovered monthly billing exceeding $25,000 for homes sold two years earlier and identified over $100,000 in […]Read More
Streamlining UEM Operations with Expense Management Software
Streamlining Operations: The Role of Expense Management Software in Utility Expense Management In today’s dynamic business environment, where every penny counts, efficient expense management is paramount. One often underestimated aspect of this financial jigsaw is Utility Expense Management (UEM). Fortunately, the advent of technology has given rise to powerful tools, with expense management software leading […]Read More
ESG Reporting: Eliminating 800 Man-Hours of Data Gathering
Many organizations have a workable Corporate Social Responsibility (CSR) plan in place. However, Environmental Social Governance (ESG) will be the new benchmark going forward to ensure that both your organization and brand stay relevant and socially acceptable. How does your organization get ready and stay ready for this very intricate and detailed reporting that is […]Read More
