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Utility Data Management

There are millions of dollars in utility savings available to hotel and restaurant operators who efficiently manage their portfolio's utility data. Our utility data management platform offers clients a convenient and cost-effective way to assemble and manage that million-dollar data mine. Our system identifies opportunities for savings in the following areas:

Bill Auditing - Most accounts payable clerks simply cut a check for the amount due, staple the check stub to the invoice, and file it away. This type of processing allows all sorts of costly billing errors to go undetected. 

Accounts Payable Savings - When it comes to judging how much it costs to pay a bill many just consider the labor cost of an accounts payable clerk. Yet most studies confirm that direct labor is only 30-40% of the total cost of paying a bill. 

Utility Tariff Optimization - Determining whether or not you are being charged the right tariff for your utilities is an art. Your property may qualify for a dozen tariff schedules, but only one is the best one for you.

Competitive Shopping in States with Deregulated Utility Markets - Properly collecting and organizing your utility data will allow you to create an accurate consumption and demand profile, which is your key to negotiating a favorable utility contract in deregulated markets. How much you consume is only part of your profile - timing of peak demand levels play an important role in determining the attractiveness of your property's utility profile. The more attractive your profile, the more aggressively utility companies will compete for your business. Not having an accurate consumption and demand profile limits your access to money-saving competition among deregulated utility providers.

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