/Utility Expense Management
Utility Expense Management 2024-11-07T00:39:00+00:00

Utility Expense Management

Reduce Utility Payables Cost, Improve NOI, & Expand Savings.

COST

SAVINGS / NOI

Let Us Manage Your Utility Bills

National Utility Group’s utility expense management solution increases management visibility, reduces utility payables cost, conserves energy, reduces risk, eliminates late fees and identifies vacant theft. We compare occupancy information against your utility invoices to manage the entire process, relieving you of the administrative load so you can concentrate on your core business.

Comprehensive Utility Management Services

We stand at the forefront of utility management services, offering a holistic approach to tracking and managing costs associated with utility consumption. Our team meticulously monitors utility invoices, providing you with granular insights into your expenses across various properties. With our robust reporting tools and dashboards, you can easily review your utility usage and expenses in real-time. This level of visibility empowers you to make informed decisions about resource allocation and budgeting, enabling you to trim excess costs while maximizing efficiency.

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Controlling Costs = Bottom Line Impact

Processing utility bills for multiple assets can be an administrative challenge, let us carry that burden for you.

We carefully analyze each utility invoice at the line item level to pinpoint billing errors while ensuring to dispute errors on your behalf.

We tailor a utility billing program that provides you with opportunities to save money and effort.

Did you know that 41% of utility invoices contain an error?

Our utility expense management solution reduces utility payables cost by up to 75%.

We provide innovative solutions to optimize consumption and conserve utilities.

Take an expense on your P&L and turn it into a revenue stream. We’ll compare your occupancy data against your utility bills to identify vacant utility theft. Our program will recoup the expense while automatically assessing a fee to the resident on your behalf.

Utility forecasting and budgeting has never been easier.

Free accounts payable from the burden of analyzing utility invoices. Our solution increases revenue while reducing AP workload.

We deliver an average of 246% ROI to our clients.

Find out how your assets utility spend and consumption compare to your competitors

Build custom financial reports by accessing each metric as you see fit in our analytics tools

property manager using laptop

Detailed Invoice Analysis

One of the most challenging aspects of utility expense management is addressing billing errors and discrepancies, which can significantly impact your bottom line. Our dedicated utility management team conducts meticulous analysis of each utility invoice at the line item level. This thorough approach allows us to identify inaccuracies, duplicate charges, and billing irregularities that may otherwise go unnoticed. Our commitment to precision means you’ll never pay more than necessary, and our proactive resolution process provides you with peace of mind knowing your utility expenses are under expert oversight.

Results Delivered!

BENCHMARKING

Benchmarking

Find out how your asset’s utility spending and consumption compare to your competitors. Our sustainability reports help you create a scorecard by comparing it to assets in the same geographical location yet outside of your portfolio.

ANALYTICS

Analytics

Track month-over-month or year-over-year usage and cost or build your own financial report by accessing each metric as you see fit. Our advanced utility analytics put you in the driver’s seat.

RATE FORECASTING

Rate Forecasting

Our team stays on top of rate data nationwide to make predictions more reliable, our utility expense management platform assists in increasing the accuracy of your forecasts and budgets.

Tailored Utility Billing Programs

Understanding that no two properties are the same, we pride ourselves on offering personalized utility billing programs designed to meet your specific needs. Our expert team collaborates closely with you to assess your unique operational requirements and develop a customized strategy that optimizes savings opportunities while simplifying your billing processes. These tailored solutions are designed to integrate seamlessly into your existing workflows, enabling you to effectively manage your utility expenses without added complexity.

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Energy Conservation and Risk Mitigation

Effective utility expense management goes beyond tracking costs; it inherently includes a commitment to sustainability and mitigating operational risks. NUG’s comprehensive utility management services facilitate energy conservation initiatives, helping you achieve significant reductions in utility expenses while positively impacting the environment. Our team assists you in identifying areas for improvement, whether through smarter resource allocation or upgraded fixtures and appliances. Additionally, we proactively identify potential risks related to utility consumption, such as vacant theft or inefficient usage.

Partner With NUG Today

NUG leads the way in utility expense management solutions, offering a comprehensive platform to streamline your utility billing processes. By entrusting us with your utility bills, you gain increased management visibility, reduced utility payables costs, energy conservation, risk mitigation, and enhanced savings. Our meticulous analysis of each utility invoice ensures accuracy and identifies potential errors, relieving you of administrative burdens. With our tailored utility billing program, you can navigate the complexities of utility expenses with ease. Trust us to optimize your utility management experience and drive impactful results for your bottom line. Get in touch with out team!

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Utility Expense Management

How do we do it?

Click to find out

Invoice
Received
Invoice
Scanned
Data
Extracted
Payments
Remittance Matched
Payments
Mailed
AP Reports &
Statements Available
Bill Audit
Processing QC
Printed Checks
Generated
Invoice Coded
& Reporting
Online
Payment
Invoice Data
to AP Processing
Invoice
Verification
Remmitance
Stored

REPLAY

Product Suite

By combining deep technical and industry knowledge with NUG’s world-class engineering expertise we are uniquely positioned to be the

solutions for our clients.

Trusted source of Integrated

Strategy

Planning

Process

Technology

Solutions are Our Business

Start Improving Today!

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