Top 5 Ways to Reduce Your Utility Expense
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This document outlines five ways that RealPage can help reduce utility expenses and late fees for properties. RealPage can process utility bills within 1.5 days to avoid late fees, capture and store all utility bill data in one easy-to-access location, automate the utility bill handling process to reduce processing time and human touches, provide insights into utility spending through detailed usage analysis, and quickly identify utility theft to charge offenders. The document promotes RealPage as a solution to boost efficiency and cut costs by shortening invoice processing time and centralizing utility usage data.
Top 5 Ways to Reduce Your Utility Expense
- 2. ©2015 RealPage, Inc. Utilities are the third LARGEST EXPENSE for a PROPERTY after salaries and taxes, and LATE FEES can be a huge CONTRIBUTOR. But they don’t have to be. Here are just a few ways to AVOID UTILITY LATE FEES and REDUCE your overall UTILITY EXPENSE.
- 3. ©2015 RealPage, Inc. SHRINK BILL PROCESSING TIME TO 1.5 DAYS With utility companies shortening the payment cycle, processing invoices fast enough to beat the clock and avoid late fees is difficult. With a proven, automated system, along with proactive research on missing invoices, RealPage processes bills in around 1.5 days, reducing late fees and shuts-offs.
- 4. ©2015 RealPage, Inc. GET THE DATA YOU DON’T HAVE TIME TO FIND No more spending hours searching for last year’s utility invoices. RealPage captures 100% of all the key data presented on every utility bill so you can easily access and review your invoices from one location, 24/7.
- 5. ©2015 RealPage, Inc. REDUCE HANDLING TIME AND THE HANDS THAT TOUCH YOUR BILLS Whether your invoice payment process starts with a property manager or is centralized for review, the time spent reviewing, coding, approving and paying utility bills averages 5-11 days* and 76% of that time is consumed by transactional processing. An automated process will image each invoice, extract 100% of the relevant data, and code the charges quicker and more accurately than manual processing.
- 6. ©2015 RealPage, Inc. GET DEEPER INSIGHT INTO YOUR UTILITY SPENDING RealPage’s detailed tracking of utility usage allows you to analyze meter to meter, property to property and even compare meter usage by defined groups you set. This cost and consumption intelligence can reveal areas where you can make your properties’ utilities more efficient and save money.
- 7. ©2015 RealPage, Inc. FAST AND EASY UTILITY THEFT RECOVERY Utility theft happens, whether it’s intentional or not, and the identification of residents who failed to open or maintain a utility account in their names is automated with RealPage. Every vacant unit utility invoice is automatically checked against your property’s rent roll—daily—to ensure lease dates and utility service dates match up. This allows us to identify offending residents faster and charge them for the utilities they used while the bill was still in the property’s name.
- 8. GO TO WWW.REALPAGE.COM OR CALL 1-800-325-7243 ©2015 RealPage, Inc. *According to a 2011 Tools for Managing AP article by the Institute of Finance & Management If you are looking for FASTER INVOICE PROCESSING and BETTER INSIGHT into your utility consumption and costs, REALPAGE IS YOUR ANSWER. Our automated system can BOOST EFFICIENCY at your property by SHORTENING YOUR INVOICE PROCESSING TIME and analyzing and storing your utility usage DATA IN ONE, EASY TO FIND LOCATION. Let us help you MAKE LATE FEES A THING OF THE PAST. Start saving time and money by letting RealPage MANAGE YOUR UTILITIES FROM START TO FINISH.