Utility Budget Season is Here!
As 2016 marches on, companies are focusing on budgets for 2017 and indirect procurement professionals, the impact utilities will have on their business. Unlike most other indirect categories, energy is a commodity that changes in value day today. Its use is heavily weather-dependent for heating and cooling, for example – so pinning down the spend can be tricky without a risk management strategy, supply agreements, and detailed forecasts in place.
Vervantis are helping companies every utility budget season through this complexity with a unique set of tools, strategies, and forecasting methodologies that model utility spends to the account level with incredible accuracy. BudgetMaster™ is a proprietary solution with optimizes the forecasting process to deliver financial-grade budgets, which can be quickly run and re-run to allow for multiple scenarios in budget planning.
The solution utilizes a layered approach. First, an accurate base layer of data is laid down, and every subsequent iteration can be layered on top, allowing for weather normalization, business changes, rate changes, and price forecasts to be updated in minutes rather than days. Better still, because our process minimizes manual intervention, budgets can be run and re-run multiple times at no additional charge. Accurate account level budgets every time, whatever your size.
If you’re deep into your utility budget season, contact us now for an informal chat.