Are your invoices correct?
Utility invoices can amount to millions of pounds for any organisation. It is important that your organisation ensures that what you are paying is correct and that any incorrect supplier invoicing is identified and rectified. Research has shown that on average 3% of your annual utility spend can be invoiced incorrectly – money that your organisation should be claiming back.
Energy Manager has a set of robust and easily configurable validation rules that are designed to highlight validation errors as soon as the invoice is entered into the package.
Extensive Validation Library
Utility Renewals bespoke software performs over 100 separate validation checks which can be grouped into 3 key categories:
• Consumption: Comparison against previous periods, e.g. previous month, or same period in the previous year as well as ensuring concurrent reads where applicable.
• Supplier Contracts: Charges specified in contracts with Utility Suppliers. These contracts can be loaded into the software in bulk.
• Industry Charges: Published Charges e.g. DUoS, TNUoS, Triad, for electricity, Transportation for gas, or Water and Sewerage charges as approved by Ofwat or the Water Industry Commission for Scotland.
The software can also produce invoices based on Half Hourly Data and compare these to the actual invoice when it is received.