Gain Efficiency, Automation and Control with Utility ...€¦ · Outsourcing your utility expense...
Transcript of Gain Efficiency, Automation and Control with Utility ...€¦ · Outsourcing your utility expense...
Gain Efficiency, Automation and Control with Utility Expense ManagementGet your invoices processed remotely and paid on time
REALPAGE® UTILITY EXPENSE MANAGEMENT OFFERS THE FLEXIBILITY AND CONTROL TO MANAGE ONE OF THE LARGEST CATEGORIES OF CONTROLLABLE OPERATING COST
UTIL ITY EXPENSE MANAGEMENT
An effective utility expense management program
helps you conserve energy while reducing risk,
delays and vacant unit costs. Our program,
however, goes further. It is designed to automate
invoice processing, helping you control costs and
eliminate the need to handle paper checks.
WE REDUCE YOUR UTILITY EXPENSE —YOU MAINTAIN CONTROL
Free up your staff to work on other projects. They
no longer have to be in the office to process or
pay utility invoices. Our expense management
processes and automation quickly capture not
only the total amount due but also line items and
metrics, such as effective rate and usage.
RealPage tracks your invoices, then actively works
to reduce late fees by capturing invoices earlier,
paying faster, and continually monitoring for
missing utility bills. Performance reports including
metrics provide insights and show savings.
Utility expense management provides flexible
options to streamline cash flow.
INVOICE PROCESSING AND PAYMENT
Process daily, weekly or automatically.
TRANSPARENCY AND INSIGHT
Get 24/7 access to bill pay dashboard.
FUNDING NOTIFICATIONS
Receive electronic notifications when you have
bills to approve. You maintain control of funding
and manage the payment process from the
convenience of your online portal.
IDENTIFY UTILITY THEFT
Pass on to residents those charges that haven’t
been appropriately transferred to their name.
MINIMIZE LATE FEES
Your properties’ utility invoices are processed and
paid promptly, minimizing late fees.
NO MORE SHUT-OFFS
The process automatically flags missing bills,
prevents shut-offs and immediately addresses
utility notices.
CRISIS RESPONSEAnother way RealPage is helping to protect your residents and employees while ensuring your business continuity.
How Our UEM Service Works
UTIL ITY EXPENSE MANAGEMENT
Outsourcing your utility expense processing can help increase conservation while reducing risk, delays and
vacant theft. Our program goes further, however. It is unique in that it is designed with the goal of helping you
achieve superior results through our automation technology and expertise in utilities. In a nutshell, we help
you save on unnecessary utility charges, usage and rates. This program includes several key features.
RealPage can help you lowerutility expense and gain
control over payments in
8 ways
Expose late fees andother line items.
Gain visibility into everyline item for every meter.
Save time each month with ourestimation of what portion ofyour variances were caused byweather, other usage and rates.
Stay up to date on the ever-evolving fields of water, wasteand energy management—RealPage facilitates sharingof best practices—via the Journal of Utility Management, our Energy Summit conference and the UMA networking group.
Ensure accuracy withquality controls for dataentry to catch anomaliessuch as duplicates,misapplied depositsand unusually high bills.
Benchmark your association to see how it stacks up —through RealPage's proprietaryWater and Energy Scorecardsas well as ENERGY STAR®Portfolio Manager.
Catch leaks and other wastefulusage with utility alerts via email.
Eliminate and reducelow-value activities.
Reducing Your Usage with Online Convenience
UTIL ITY EXPENSE MANAGEMENT
UTILITY INVOICE MANAGEMENT
Robust processes and automation quickly capture
not only the total amount due, but also line items
and metrics like effective rate and usage. Because
we’re a public company, all processes are audited
by the FTC and other third parties.
UTILITY ALERTS
Undetected leaks and other wasteful usage can
cause damage to both your property and your
bottom line. We can help you save time and
catch those issues that can have a big impact.
Receive utility alerts via email based on your
specifications.
LATE FEE SAVINGS
RealPage tracks your invoices, then actively works
to reduce late fees by capturing invoices earlier,
paying faster and continually monitoring for
missing bills. Performance reports include metrics
to provide transparency.
Our customers’ average late fee is 0.14% of their
total spend. This is in comparison to the industry
average of 0.54%.
ENERGY STAR PORTFOLIO MANAGER® INTEGRATION
RealPage can automatically upload data from your
common-area energy and water invoices into this
popular tool.
ENHANCED MANAGEMENT PORTAL
Manage your utility operations remotely with
a 100% online invoice processing and payment
experience, requiring no paper interaction. You
and your staff can perform job duties from
anywhere with an internet connection.
UTIL ITY EXPENSE MANAGEMENT
For more information, visit:www.realpage.com/utility-management/expense-management/ or call 1-87-REALPAGE© 2020 RealPage, Inc. All trademarks are the property of their respective owners. C19 - RUM-20-167 04/16/2020
UEM: Automation, Efficiency and Control
Automated vacant recovery ✓
Utility Invoice Management:
Streamlined data capture and image scanning ✓
Basic financial and usage reports ✓
Bill payments to utilities ✓
Late fee reduction ✓
Reporting and Advanced Analytics:
Sustainability Suite – water and energy scorecards ✓
Benchmarking across industry ✓
Utility Alerts – high/low usage alerts via email ✓
EPA’s ENERGY STAR Portfolio Manager® data feed ✓
Property utility account conversion service (turn on/turn off) optional
Exception queue management optional
Water and energy efficiency evaluation optional
Energy procurement and tax audit service optional
Recycling and trash procurement service optional
FEATURES