Utility Expense Management

By: RadiusPoint  09/01/2016
Keywords: Document Scanning, Document Storage, Expense Management

Utility invoice processing and payment is a tedious, time-consuming and expensive task for a large amount of enterprises. Studies have shown that utility provider billing errors are as inevitable as the bills themselves. The most common error is billing at an incorrect rate. Because utilities account for more than 15% of an organizations budget, subtle rate changes (which often go unnoticed) can have substantial financial impact on the bottom line when multiplied over time and numerous locations. To eliminate the risk of costly errors, many companies are choosing to implement Utility Expense Management UEM Programs which allows the billing department to focus on what they do best. RadiusPoint manages the process from initial audit to vendor payment utilizing our ExpenseLogic software. ExpenseLogic sets parameters, contract rates and hunts for exceptions with every bill to identify leaks and other inefficiencies in the system. It provides an unparalleled approach to utility bill analysis that helps your business maximize value from your utility services going forward.

Keywords: Document Scanning, Document Storage, Expense Management, Invoice Processing

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