An organization’s journey to decarbonization starts with one massive challenge: data. Considering the multitude of sources from which organizations must acquire carbon data, utility invoice data is the one key channel that remains. This steady stream of consumption data is integral to understanding your carbon footprint at the site and portfolio level. However, this data is only as valuable as it is accessible, which is why organizations need streamlined access to accurate, near real-time utility data across their entire portfolio.
For most global multi-site organizations, this need for invoice data directly intersects with another key challenge: expense management. To effectively manage expenses, a company needs to capture and proactively audit each of the millions of invoices it receives to ensure correct paid amounts and to identify savings opportunities.
ENGIE Impact’s Expense & Data Management service supports organizations in overcoming these massive challenges. We provide the accurate, standardized resource data needed to gain powerful insights that support carbon-first decision making, while mitigating the risk of utility billing errors and late fees, to drive 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, companies manage and pay thousands of invoices from hundreds of vendors each month 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 progress, is at a fever pitch. The foundational data used to create and manage these programs is no longer an optional bonus, but a business imperative, and the data captured via invoice management is a key piece of the puzzle. Yet this foundational data must be easily accessible and actionable for diverse teams—from energy management and procurement to resource management and business intelligence professionals—to truly drive collaborative, data-driven decision making.
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.
Data Share Integration
Data Share is a scalable, cloud-based solution that transforms how organizations access and work with their utility data by providing near real-time access through a secure, Snowflake-hosted environment. The solution eliminates the complexities of scattered CSV files and slow data transfers, empowering teams across energy management, procurement, and resource management to make faster, data-driven decisions. With enterprise-grade security and seamless integration capabilities, Data Share reduces operational costs while enabling organizations to unlock the full potential of their utility data for smarter operations and strategic insights.
Armed with this accessible, intelligent data through our secure cloud-based solution, available instantly without complex downloads or delays, 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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