Utility Bills: They're Not Your Typical Invoice
Most AP departments are not staffed with the analysts it would require to identify the errors or capture the detailed cost and usage data that a company's energy managers need to make informed decisions. As a result, energy managers spend valuable time trying to track down data, monitor and validate rates and resolve billing errors. This can be costly in several ways:
- Staff lacking utility bill expertise are unable to catch or resolve billing errors
- Energy managers spend unnecessary time on intensive research
- Extensive additional data entry is required to capture important utility bill information
- Most ERP AP systems lack an automated utility bills audit tool
- Time lost resolving billing errors can result in late or shut-off fees
Harness your energy information and reduce costs
Our Extend Utility solution enables your organization to optimize energy costs with extensive invoice audits, line-item utility usage capture and robust reporting and analysis. Establishing an energy management plan and implementing cost-effective energy conservation opportunities can contribute significantly to your bottom line.The Extend Utility Solution can improve your business performance by-
- Enabling your organization to conduct more than 40 standard utility bill audit checks
- Proving robust reporting and analysis tools capable of creating more than 200 standard reports, including those related to rates and tariffs
- Giving you access to real-time energy cost data
- Allowing you to predict energy usage with built-in, weather-tracking tools
- Helping your organization become greener by giving you access to Energy Star benchmarking tools
- Extensive bill audits
- Maximum cost analysis based on comprehensive benchmarking tools and data
- Complete process audit trail
- Implementation can be done quickly and easily
- Utility bill late fees and other related payment penalties are minimized
- Extensive usage data analysis results in better managed energy costs
- You can leverage eXtend bill-paying economies of scale
Extend makes the transition easy
Extend's automated invoice processing solution makes it easy to transition to an electronic accounts payable environment.
- No custom programming required
- Implementations are quick and easy
- Integrates seamlessly with existing systems
- Modular architecture enables flexible phase-in approach
Integrate and automate your entire Purchase-to-Pay process
Learn how the Extend Product Suite can be integrated to create a full-service Accounts Payable Solution: