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Expense & Data Management

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An organization’s journey to decarbonization starts with one massive challenge: data. Considering the magnitude of sources organizations must acquire carbon data from, one key channel remains - utility invoice data. This steady stream of consumption data acts as an integral input into understanding your carbon footprint at the site and portfolio level.

For most global multi-site organizations, this need for invoice data directly intersects with another key challenge: expense management. To effectively manage expenses, each of the millions of invoices a company receives needs to be captured and proactively audited to ensure the right amount is being paid and to identify savings opportunities.

ENGIE Impact’s Expense & Data Management service support organizations in overcoming both of these massive challenges. We provide accurate, standardized resource data needed to gain powerful insights to support carbon-first decision-making while mitigating the risk of utility billing errors and late fees and driving savings across a company’s entire portfolio.

What is Expense Management?

Expense management is the management of business costs by collecting and reconciling invoices, capturing data, auditing, and processing payments. Costs often include but are not limited to, energy, water, waste, and telecom expenses.

Why is Expense & Data Management Important?

From an invoice management perspective, each month companies manage and pay thousands of invoices from hundreds of vendors for their sites across the globe. As billing processes become increasingly complex, it is nearly impossible to gain full visibility into all expenses, or full confidence that bills are accurate, without comprehensive data capture or labor-intensive manual audits.

From a data perspective, the increasing stakeholder pressure for organizations to not only commit to decarbonization but to share their roadmap and report on progress is at a fever pitch. The foundational data used to create and manage these programs is no longer a nice to have, but a business imperative and the data captured via invoice management is a key piece of the puzzle.

390%

average ROI

96%

client retention rate

24

dedicated client teams organized by industry expertise

ENGIE Impact’s Expense & Data Management Solution

ENGIE Impact’s Expense & Data Management solution offers access to detailed and audited resource data across energy, water, and waste to achieve efficiency, sustainability, and cost reduction goals. Armed with this data from multiple channels, a company can establish baselines, create budgets, set goals, measure results and identify outliers to help prioritize improvements while optimizing expenses.

Accelerate Your Decarbonization Journey

  • Better understand your scope 1 & 2 emissions
  • Set accurate baselines, targets, and goals
  • Identify opportunities
  • Report with confidence

Save Money

  • Feel confident that billing errors are identified and corrected
  • Compare site performance and identify opportunities for optimization
  • Uncover opportunities to optimize contracts

Mitigate Risk

  • Avoid late fees
  • Identify and correct anomalous behavior at sites

Related Solutions

  • Utility Expense Management
  • Waste Expense Management
  • Telecom Expense Management

Work in Action

GameStop’s Winning Strategy to Control Energy & Telecom Expenses
Case Study

GameStop’s Winning Strategy to Control Energy & Telecom Expenses

GameStop partnered with ENGIE Impact to prioritize its expense management program and saw impressive results within 90 days.

Caesars Entertainment Hits Sustainability Jackpot
Case Study

Caesars Entertainment Hits Sustainability Jackpot

The world’s largest casino-entertainment company is also the most environmentally progressive.

Data Paves the Path to Sustainability Transformation
Article

Data Paves the Path to Sustainability Transformation

Data is the lifeblood of every sustainability strategy. We compiled five ways organizations should leverage data today to accelerate sustainability transformation over the next decade.

Major Healthcare System Saves Millions Optimizing Telecom Expense
Case Study

Major Healthcare System Saves Millions Optimizing Telecom Expense

ENGIE Impact worked with the client’s finance and IT departments to design and implement a comprehensive telecom expense management (TEM) solution.

Get in Touch

Looking to outsource to an expense management company? Let’s get to work.

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