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 your AP department manage your complex payables. ENGIE Insight uses highly automated processes on behalf of our clients to collect and analyze utility bill data and compare it to the account history to identify savings opportunities. The data that ENGIE Insight collects from utility bills is then delivered through the Energy and Sustainability Management Platform. This powerful resource management tool unites resource data to deliver powerful insights for reducing cost and consumption and achieving sustainability goals across an entire portfolio.
Designed for multi-site enterprises, our comprehensive analysis and detailed data capture maximizes savings and visibility.
Do you manage resource financials for your company? Request a demo of ENGIE Insight’s Energy and Sustainability Management Platform to learn how you can reduce time spent managing day-to-day AP tasks and support informed decision making with detailed cost and use data across all major resources.
ENGIE Insight handles the time-consuming task of site-by-site account opening and closing while ensuring your savings are maximized by being on the correct rate schedule and negotiating deposits. You’ll have the peace of mind that the tasks are being handled correctly and efficiently.
Proactively manage your utility expenses with better forecasts and more insight into cost drivers throughout the year. ENGIE Insight provides clients with highly accurate resource budgets and the necessary tools to better manage your expenses from month to month. With intuitive tools on The ENGIE Insight Platform, companies can easily review budget assumptions, understand accrued expenses, and see the impact of changes in weather, unit cost, and consumption on their performance to budget.
“Seeing how much we were saving through this service, we decided to look into some of the other products that ENGIE Insight provided. That's when we started exploring sustainability and other cost-cutting services.”
AP’s secret weapon for managing costs and addressing stakeholder questions.
Reduce utility expenses and gain actionable insight into costs and usage.
A winning strategy to control energy & telecom expenses.