Auditing and Verifying Each Invoice Every Time.
Many companies pay their utility bills each month without questioning the validity of the charges. Your internal team might not have the market expertise or time to devote to auditing each utility invoice every month, so how do you ensure you aren’t paying too much?
Schneider Electric will first provide a proactive invoice collection service that delivers a complete data set by determining the best method(s) for obtaining invoices based on your unique situation. Then, Schneider Electric’s global data operations team will validate your third-party energy invoices using custom-designed calculators to derive the expected cost, based on contract rates, tariff rates and negotiated energy positions. An experienced analyst will compare that expected cost to your invoice and resolve any errors with the appropriate party. In addition to this invoice recalculation service, Schneider Electric will run a number of variance tests, which are statistical analyses of current month data versus prior periods to ensure no error goes unfound on your energy, water, waste and wastewater invoices.
- Schneider Electric market experts ensure contract compliance, which allows for the proactive identification and resolution of invoices errors.
- Proprietary algorithms developed by our internal teams will identify billing errors or erroneous data, flag opportunities for cost savings, and ensure accurate data.
- Schneider Electric has global and local market expertise, robust systems & processes in place for more than a decade and organizational depth that will ensure your data is clean, accurate and organized.
See complementary resource data and energy management services
Implementing a data management solution will allow you to be confident in the data your teams have come to rely on to conduct business. As transparency into corporate energy and sustainability metrics move from a luxury to a requirement, most businesses will be required to collect, aggregate and report on this data. Implement a dynamic enterprise-wide solution now to prepare for the fundamental shift that is inevitably in our future.
Relieve your internal teams and allow the Schneider Electric team to collect monthly invoices on your behalf.
Reduce consumption, avoid unnecessary costs and recover incorrect charges as result of Schneider Electric’s invoice error identification and resolution.
Enjoy faster resolution of billing errors, improved working capital positions, better supplier relations and recovery of unrealized assets.