Deposit recovery service audits utility accounts and returns funds fast
Using a proven process, our team of specialists audit accounts and record deposit values, negotiating their release and tracking refunds to ensure checks are issued or credits made on utility bills.
Recovering Utility Deposit Funds
Deposit recovery is focused on auditing accounts and returning security deposits that typically remain with utility companies until the account is closed. Using our proven process, we get money back to your account fast.
Every utility company has its policies and procedures for the capture and retention of account deposits, and because there are over 3,500 utilities in the United States alone, keeping track of all those deposits is difficult.
Our utility deposit recovery solutions are invaluable to companies with large or medium-sized portfolios with hundreds or thousands of utility accounts, where the aggregate of deposit money can be significant and challenging to audit and keep track.
Monthly reporting keeps energy, utility, and finance teams updated on successful account deposit refunds and remaining recovery opportunities. The results are impressive, with hundreds of thousands of dollars in utility deposits returned each year.
Vervantis provide its auditing solution as either a stand-alone service or part of a broader bill management program.
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Streamline Expense Management
Improve Data Quality
Reduce Processing Costs
Assurance is the Cornerstone of Excellence
Vervantis is SOC2 Type II certified by independent auditors of the Association of International Certified Professional Accountants (AICPA). This is an ongoing, year-round process that attests our controls and processes meet AICPA trust criteria, as well as rigorous independent penetration testing of our utility software DataHub360TM ensuring data is secure. Cyber insurance is standard in our agreements providing additional assurance and peace of mind.
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.
Our billing specialists thoroughly investigate and resolve all utility bill exceptions directly with utility vendors, so there is only contact to an organization’s accounts payable or facilities team when all other known avenues have been exhausted.
Our experts carefully plan utility budgets, using multilayered modeling and analysis. This analysis, combined with our utility data cleansing methodologies, ensures financial-grade certainty down to the account level.
Serving Commercial and Industrial Energy Consumers Across the Globe
Vervantis commercial energy consultants serve multiple countries and geographies providing a single solution for outsourced energy & sustainability expertise for businesses. We manage and centralize utility, CSR and ES&G programs, providing regional support to deliver local language expertise across established and emerging markets.
“Vervantis manages our energy purchasing, billing, account administration, sustainability and everything in-between. The service is incredible, they’re always going beyond our agreement to help”
Director Facilities – Aaron’s Inc.
“The team at Vervantis got to know our business and found a renewable energy solution that not only met our environmental goals but saved us money and provided covered parking too”
Facilities Director –
Mountain Park Health Centers
“We used Vervantis engineers for ASHRAE energy audits of our town buildings. The operational and behavioral inefficiencies identified saved us almost 10% without spending a cent on equipment”
Town N. Attleborough
Utility Rates Analyzed
Saving $ Everywhere
Spend Managed $m
Years of Experience
Knowledge Is Power
Growing Every Day!
Vervantis Inc. is an energy, sustainability, and utility bill management specialist providing advice, software, and expertise to large and medium-sized companies across North and South America. The company manages a diverse portfolio of clients in the commercial and industrial sectors from its headquarters in Phoenix, AZ where it is operationally responsible for the processing and payment of more than a million invoices a year and over $3bn 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 and EcoVadis Platinum certified, which means your data is secure, and we are a company you can trust.