One of the most challenging tasks for the AP departments of multi-site organizations is utility expense management. Thousands of disparate invoices are received each month from hundreds of vendors, and there’s more to these complex payables than just simply paying the amount due. Having the right process in place to proactively audit and analyze each invoice can uncover significant savings, but it is labor-intensive and somewhat outside the scope of most AP departments.
Utility Expense Management is the process of tracking an organization’s utility expenses, conducting comprehensive bill audits before processing, rectifying bill errors, and ensuring the correct amount is paid on time. Collecting, analyzing, and tracking cost and consumption data is also a critical step to uncovering areas for improvement that can reduce energy and water consumption and save your company money.
Utility expense management processes and automated software can help AP departments manage complex payables. ENGIE Impact uses highly automated processes on behalf of clients to collect and analyze utility bill data and compare it to the account history to identify savings opportunities. The data that ENGIE Impact collects from utility bills is then delivered through the Data Management Platform. This powerful resource management tool unites resource data to deliver powerful insights for reducing cost and consumption across an entire portfolio.
Designed for multi-site enterprises, comprehensive analysis and detailed data capture maximizes savings and visibility.
Simplify Utility Bill Audit & Payment Process
Gain Valuable Data & Strategic Insights through a Single Platform
Request a demo of ENGIE Impact’s Data Management Platform to reduce time spent managing day-to-day AP tasks and support informed decision-making with detailed cost and use data across all major resources.