Automated Invoice Collection
Reduce processing costs with automated invoice collection
The cost of missing invoices starts with late fees and quickly escalates to disconnections which seriously impact operations and reputational risk. Vervantis automated invoice collection solves the problem.
Reduce Processing Costs
Automated invoice collection solves one of the biggest frustrations for organizations – the process of receiving, validating and paying utility invoices.
Vervantis automated invoice collection service solves the problem. Invoices are received directly from utility companies and uploaded via an electronic data interchange (EDI) translation program. Missing invoices are always chased from the utility.
Invoices are scanned, keyed and uploaded to the bill management system providing a digital record of the data for analysis along with the original bill in a pdf format.
Data integrity is improved through validation. As invoices enter our system they are rigorously checked providing a deep analysis of cost and use by re-creating the invoice from first principles in a process that goes beyond simple A x B = C calculations. Any invoices that fail the utility bill validation process are flagged immediately in an exception report.
A separate service is available to resolve exceptions and provide payment of invoices which streamlines the process further and reduces the burden on accounts payable teams.
On-line reporting is accessed through a secure, encrypted web portal via the internet. Over 70 different report types are available with many customizable options to provide full insight and auditability of utility spends.
Call us at (888) 988-5474 and schedule your live demo today!
Streamline Expense Management
Improve Data Quality
Reduce Processing Costs
Let Us Show You How!
Vervantis partner with leading UBM service providers to manage utility billing data, exception resolutions, account open close administration and reporting. Utility data streams can be automatically uploaded to DataHub360™, our secure cloud-based energy management portal to simplify reporting.
Whether you’re a seasoned professional, or automating utility invoice collection for the first time, our team has the knowledge and insight to improve your process and save you more – guaranteed!
Competetive & Regulated Markets
All Geographies Covered
We know what we're doing.
You'll never be a number!