Today, many organizations realize the need to increase the accountability of their operating units’ total expenses. Very often an organization’s finance system is not designed to provide all the information required to operate facilities, process and validate energy bills, and make billing and usage information available to appropriate managers prior to bill payment.
EEM Suite Bill Analyst helps users monitor energy financials and enable organizations to verify utility bills using actual utility rate schedules and the utility’s billing cycle, to accrue energy costs for the fiscal period and generate internal invoices. By combining bill data and meter data with our utility-grade rates engine and rate library, Bill Analyst automates the process flow of cost allocation, bill validation, budget creation and tracking.
In addition to managing the billing process for large enterprises, Bill Analyst can allocate and report utility bill expenses to individual departments, cost centers or tenants to help drive accountability and conservation. Bill Analyst empowers organizations to push cost realities to the appropriate owner or driver of actual costs.
When you use EEM Suite Bill Analyst, you can:
Reduce bill entry errors. Automation of bill entry and edit checks for those bills entered manually result in more timely capture of errors. Moreover, Bill Analyst can be integrated with accounts payable systems to avoid double entry of utility bills.
Eliminate overcharges due to vendor billing errors through automatic verification using standard bill tests.
Eliminate late fees by using Late Bills Alerts.
Streamline administrative overhead and identify energy savings opportunities.
Improve your ability to resolve billing disputes by capturing actual bill images in electronic storage.
Benchmark facilities within your organization or against external organizations through integration with the ENERGY STAR® National Energy Rating System
Increase accountability and conservation by monitoring actual vs. expected usage by facility, organization or enterprise-wide.
Improve your tracking of facility performance with variance and overrun reports by individual facility.
Improve facility performance by providing up-to-date utility spend information to internal stakeholders as soon as invoices are received into the system.
