Utility Expense Management Best Practices
Utility Expense Management Best Practices
4 PagesEnergy is your largest controllable operating expense, making the improved management of your energy expenses one of your most effective methods for reducing costs. Maximizing Savings Potential, Efficiency and Property Value WHY UTILITY EXPENSE MANAGEMENT? Most real estate companies use an accounts payable (AP) automation system to process their payables efficiently. Most of them have also discovered the painful truth that a “standard” payables approach is woefully lacking when it comes to their utility expenses—for a broad array of reasons. Processing utility bills is not as simple as writing a check when the invoice comes.
