Utility Budget Season

Vervantis

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.

Dan Moat

Dan is president of Vervantis Inc. an energy, sustainability, and utility bill management specialist providing advice, software, and expertise to large and medium-sized companies across North America. His career in utilities began in 1994 in Europe where he spent over 15 years almost exclusively supporting commercial and industrial energy consumers before coming to the United States in 2010 where his passion for energy continues unabated. Vervantis manage a diverse portfolio of clients in the retail, restaurant, real-estate, medical and industrial sectors from its headquarters in Phoenix, AZ where it is operationally responsible for the processing and payment of hundreds of thousands of utility accounts and the purchase of several billion dollars in energy spend. The company is focused on streamlining energy, utilities, and environmental management processes so that businesses can focus on revenue-generating activities rather than costly administrative tasks. Vervantis is SOC 2 Type 2 certified, EcoVadis Platinum accredited and CCPA compliant, which means client data is secure, and it is a company to be trusted.

Vervantis Inc. is an energy, sustainability, and utility bill management specialist providing advice, software, and expertise to large and medium-sized companies across North America. The company manages a diverse portfolio of clients in the retail, real-estate, medical and industrial sector from its headquarters in Phoenix, AZ where it is operationally responsible for the processing and payment of hundreds of thousands of utility accounts and the purchase of several billion dollars in energy spend.

Vervantis is focused on streamlining energy, utilities, and environmental management processes so that businesses can focus on revenue based activities rather than costly administrative tasks. The company is SOC 2 Type 2 certified and CCPA compliant, which means data is secure and its a company you can trust.

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