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.
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.
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.
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.
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