Yardi Energy Solutions

Yardi Energy Solutions Billing helps you work more efficiently and improves cash flow by eliminating costly and time-consuming manual utility billing. Through submetering or Ratio Utility Billing, the cost of a single utility invoice can be distributed to individual residents based on their consumption. This analysis is performed directly within Yardi Voyager, meaning no integration is necessary between unconnected modules. The entire process, from cost allocation to convergent billing to payment processing, is completed in the single Voyager database.

Key Features

  • Built directly into Voyager, with no need for data exchange
  • Utility invoice allocation computes resident consumption with RUBS and submeter calculations
  • Vacant unit cost recovery ensures timely transfer of utility charges upon move-in
  • Convergent billing promotes timely payments, with online payment option via Yardi Portal
  • Utility billing analytics uncovers leakages and under-/over-charging
  • Invoice processing and payment can be automated with Yardi PAYscan

Streamline Utility Billing

Full Submetering Service
Submetering enables owners and managers to accurately measure individual utility consumption, billing residents for their actual usage. Once the meters have read the resident consumption, the data is sent to the Voyager payables screen.

Cost Allocation
Once the invoice is received, it moves through the appropriate accounting procedures and workflows for approval and payment. Resident costs are then split up based upon the consumption data fed into the system from either the submeters, or by any number of user-defined formulas — known as Ratio Utility Billing System (RUBS).

Convergent Billing
Owners and managers can create monthly statements that combine resident utility charges with rent. This convergent billing method facilitates improved collection rates of utility charges. And improved collection rates translate to more timely bank deposits.

Analytics
The Yardi Energy Solutions Billing solution has utility analytics built into the application. The analytics recognize leaks, recover overage charges, and notify responsible parties of trouble areas. Each of these procedures can be tailored to your companys business practices based on users pre-defined setups. Yardi Energy Solutions Billing analytics places the control of utility costs back in the hands of owners and managers.

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