Utility Expense Management Services UEM2022-12-03T08:53:07-05:00

Benefits of our Services in
Utility Expense Management
& Energy Expense Management

Under our Utility Expense Management 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. 

UEM is major component of our BPO service portfolio. Our team:

  • 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

In the context of Utility Expense Management Services, meters are reviewed for utility bill auditing, Error Detection & Rectification, Cost Allocation, and Cost Savings

With the ExpenseLogic™ software, our Utility Expense Management services generate savings on costs & resources for our clients.

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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 – Utility Billing Management
Through the Lifecycle of all Invoices

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:

Read More about Facility Benchmarking

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.

Utility Expense Management Services (UEM) & Energy Expense Management Services (EEM) covers the full lifecycle of services, from service order to installation

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.

Utility Expense Management services: The ExpenseLogic Saas Platform is part of RadiusPoint's

Through the use of SaaS 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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