Do you have an out-of-control energy budget that you have to explain to your boss? At ECC, we’re constantly looking for ways to make your life easier by helping you see things more clearly and introduce tools to help you manage your budgets and finances.
After interviewing hundreds of property management teams, we understand that a major problem with managing utility expenses is that financial software provides no actionable data. Instead, you only see one number and, as a result, your utilities are often over budget. But, how are you supposed to manage figures that you can’t really see?
Get Your Utilities Under Control With Figures You Can See
We’ve developed a solution just for you that utilizes patented algorithms to retrieve bills from the utility companies and break out all the expenses by item detail. The result is that you know exactly what each category is any how much each category is costing you.
An Example Of A Utility Bill Breakdown
Total Bill: $1,100
After our research, we found our customers only received one number uploaded to the financials after each accounting period. This led to significant variance in their monthly financials.
ECC removed the problem of hidden costs and now you know the actuals costs. Here’s what you can see now:
- The late charges by every entity and who is paying the bill late (third party payer)
- The total deposits across your portfolio
- The actual operating costs, expressed as a cost per square foot, with all non-recurring costs(e.g. deposits & late charges) removed
- Plus: All data is submitted to the EPA Energy Star Program so the building rating is updated automatically
If you have the same problem, we would love to hear about it. Our team can get your utility bills in check while providing actionable insights and data to help you lower expenses and increase the bottom line. Learn more about our BillPay solution, or contact us today.