Utility Bill Processing DemonstrationNeil Rosekrans2019-03-20T15:33:32-07:00
Automate Utility Bill Management
Automate Utility Bill Management
Reduce Processing Costs Up To 60%
Vervantis makes it easy to identify errors, streamline processing and simplify payment.
Utility bill processing can be expensive and time-consuming, especially if you are a large or medium-sized company. Vervantis automates the collection, validation, and payment of utility bills quickly. We identify errors, resolve them and stop reoccurrence. Our solution accurately resolves billing queries, payment exceptions and is proven to reduce processing costs by up to 60%.
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!
Say Goodbye To Late Fees & Costly Mistakes
Processing payments for multiple utility accounts is time consuming and resource intensive, often resulting in costly late fees and penalties. Vervantis expense management specialists target these inefficiencies, reducing utility bill processing cost by up to 60%. In addition, over 70 financial grade reports support accounting teams along with every invoice as a pdf and digital file.
Automated Invoice Collection
With Vervantis automated invoice collection service, invoices are received directly from utility companies and uploaded via an electronic data interchange (EDI) translation program.
Open Close Administration
Vervantis works directly with utilities, real-estate teams, and accounts payable departments to ensure electricity, gas, water, sewer and trash accounts are opened or closed correctly.
Billing Exception Resolution
Vervantis billing specialists thoroughly investigate and resolve all fatal account exceptions directly with utility vendors. Your accounts payable or facilities teams are only contacted when all other avenues have been exhausted.
Audit & Accrual Resolution
Vervantis billing specialists investigate and audit every accrual to resolution, removing the need for estimates and annual reporting of accrued amounts in financial statements.
DataHub360™
Utility data streams can automatically be uploaded to DataHub360™, our secure cloud-based energy management portal. DataHub360™ delivers a suite of metrics and analysis 24 hours a day.
Utility Deposit Recovery
Using a proven process, our team of deposit recovery specialists audit and record deposit values across every utility account negotiating their release and tracking refunds to ensure checks are issued or credits made on utility bills.
Utility Budgets
Vervantis carefully plans the entire budget setting process and has developed utility data cleansing methodologies that ensures financial-grade certainty down to the account level.
Call us at (888) 988-5474 and schedule your live demo today!
White Glove Transfer & Setup
Concerns about challenges in changing utility bill pay providers should never be a barrier to great service. At Vervantis, every client transferring their UBM service gets personal white glove attention supported by our 90 day performance guarantee.
Personal Means Personal
A dedicated UBM expert takes care of everything. We work directly with utilities to get invoices redirected correctly and with your accounts payable team to apply the correct GL codes and payment process. However, the service doesn’t stop there. Our team of specialists provide exclusive private training for individuals or groups and set up your reports to ensure you maximize value from day one.
Don’t Lose Your History
The onboarding team at Vervantis capture all of your utility billing history from your existing UBM provider (including copy PDF’s) typically in under 48 hours, before uploading it to the new service. There are no limits to the number of years or accounts we capture.
“Vervantis manage our energy purchasing, billing, account administration, sustainability reporting and everything in-between. The service is incredible and they’re always going above and beyond our agreement to help.”
Electricity and Natural Gas are commodities that change in value constantly. To understand the best sourcing options, it helps having specialist knowledge matching business requirement to risk appetite precisely. Contracts are sourced in every competitive market and regulated utility rates are checked in the rest. Proprietary risk management solution SourceRisk™ delivers tailored purchasing strategies to larger consumers, valuing price risk daily and transacting flexibly (fixing & unfixing) in a unique supply agreement.
The cheapest unit of energy is the one you don’t use. Vervantis engineers are ASHRAE, N.E.S.I and LEED certified and expert in uncovering behavioral and operational inefficiencies. Most level one and two audits uncover 10% in energy savings with half of these requiring no capital and the rest under 2-year payback with deeper audits uncovering in excess of 30% savings.
Sustainability is streamlined with our agile and accredited financial-grade reporting software that underpins CSR programs (CDP, DJSI, GRI etc), and brings environmental strategies to life. Simplify management with supplier surveys, task assignment, automated follow-up and data collection. An independently verified process ensures data quality, and because we keep all emission factors up to date, you never have to worry about accuracy for audits.
Independent financial-grade analysis underpins our distributed generation and storage viability studies that calculate the optimum type, size, and return on investment. Vervantis provides all the detail on funding option scenarios from financing to leasing, including zero down power purchase agreements. Experienced project managers keep you on track working with vendors and utility companies to get you up and running in the shortest time possible.
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