If your company is like most, utilities are a major operational expense. From water to energy, operating a modern business is resource-intensive. To stay competitive in today’s business world you need a utility bill management strategy that’s up to the challenge. How do you know if you’re succeeding? See how well these questions match your experience:
At UMC Solutions, we help clients in various markets be more profitable with our innovative BILLiant utility expense management solutions.
If your company is still using paper billing, all your utility bill processing must be done manually. All utility bills need to be opened, sorted, and manually keyed into a spreadsheet or accounting program. If some of your utility accounts use electronic billing, then you’ve also got to integrate those bills with your paper system. For large or multi-site businesses, this simple utility bill collection process can quickly become immensely complicated, with the potential for lost or mistaken utility bill invoices.
That’s just the beginning. All of your utility charges need to be audited and accounted for, and any billing errors need to be resolved. When you don’t have a dedicated team to perform these tasks, billing exceptions sometimes get overlooked, and you run the risk of bill payments being late. All of those preventable mistakes can significantly lower your company’s bottom line, as well as damaging long-term objectives like green energy sustainability goals.
BILLiant from UMC is an all-encompassing bill processing and payment solution that includes data entry, analysis, and invoice reconciliation for virtually any recurring bill. BILLiant works for nearly any business across a wide range of industries, providing financial assistance in the form of utility payment solutions. Once you place your trust in BILLiant, entire departments of UMC energy experts, bill invoice analysts, and bill reconciliation specialists, along with state-of-the-art EnergyCAP bill management software, start working around-the-clock to help your organization more effectively manage its utility costs.
UMC’s time-tested BILLiant formula includes these reliable steps to ensure that your recurring utility bills are being managed in the most efficient and resourceful way possible:
By combining the basic functionalities of an accounts payable department and a utility invoice processing service, BILLiant streamlines the payment process, offering an effective utility bill management solution for any business.
As an additional bonus, our Energy Star portfolio manager tool can be used to track your company’s utility consumption, operational performance and greenhouse gas emissions!
The first step in developing strategies to reduce recurring transaction costs is to capture and convey bill data in a cost efficient manner. UMC is a certified dealer and service provider of EnergyCAP bill management software. EnergyCAP is one of the most robust energy accounting platforms for data analytics and bill payment on the planet.
All invoices are filtered through an intense series of audits to insure accuracy. Any problems identified are investigated by UMC’s research department. A journal or Issues Report is created at the onset for record and review. Unless withheld by client request, invoices are available for online viewing the next day. Click here to learn more.
When an error or abnormality is identified during the audit process, the system “flags” the bill, and a Bill Exception is sent to UMC’s Research Department. Upon receipt, Bill Exceptions are researched with the utility and/or client until a resolution is reached. Not only does this save you time, it often helps identify problems such as water leaks and faulty meters.
UMC’s bill processing and payment services include data entry, analysis, and reconciliation of invoices for electricity, gas, water, waste, telecom, and other recurring bills. By virtue of UMC’s web-based platform, the invoice data captured is instantly available for client access and reporting.
UMC persistently searches for innovative payment solutions that bring value with security to our clients. Virtual Payment is an electronic payment method used to pay participating vendors with ease, while reducing the risk of fraud and processing costs. Ask us about our shared rebate program!
With the EnergyCAP platform, you can do pretty much anything you could want or expect from a Class A energy information software program; even customize your own dashboard. And now, you or any of your associates can get the reports you want, when you want, by the touch of a button. ASK us HOW?
Inefficient and outdated utility bill management methods chip away at your company’s bottom line. On the other hand, our BILLiant utility management solutions help clients be more profitable. Since 1987, UMC Solutions has been changing the status quo when it comes to full-service utility expense management. If we can assist you with your recurring utility bill auditing, bill analysis, invoice reconciliation or utility bill payment needs today, please call UMC Solutions at: 601-948-2360, or use our convenient contact form now!