Automate Utility Billing and Energy Management to Increase Cost Recovery
The only solution for utility billing, energy management, and submeter data administration that is built into Yardi Voyager®, and backed by 24/7 live customer service.
The Yardi® Smart Energy Suite includes multiple products designed to help you create the energy program that fits your needs. Yardi® Utility Billing and Yardi® Utility Expense Management are built into Yardi Voyager® to automate and optimize submetering, utility billing and energy management, backed by service teams and a dedicated regulatory staff. Real-time consumption data and costs are consolidated in your Voyager database. Convergent bills are auto-generated and sent to residents via email or mail. Smart analytics enable control of utility payables by monitoring consumption, identifying leaks, notifying responsible parties, detecting invoice errors, and recovering overage charges.
Centralize Utility Billing and Improve Collections
Submeter data is transmitted daily and analyzed, and costs are automatically allocated to residents. Along with accurate allocations, Yardi Utility Billing provides direct resident billing, and online payment options that increase your operational efficiency, while maximizing cash flow.
Monthly statements can be created that combine resident utility charges with rent due. Studies show that collection of utility costs increases by approximately 20% with convergent billing. And when a resident moves out, final utility bills are automatically tied into your deposit accounting workflow to ensure collection of any outstanding charges. Vacant unit cost recovery provides timely utility transfers when a resident moves in.
Gain Control with Actionable Real-Time Analytics
Yardi Utility Expense Management gives you complete control of utility payables. Analytical reports show average cost and consumption, monthly allocations, and recovery information. Automated daily meter reads provide real-time consumption alerts, with daily monitoring of vacant units to prevent energy waste and theft. Utility invoices can be efficiently processed electronically with an online approval workflow, and timely EFT payments.
Maximize Insight with Business Intelligence
Add Yardi Orion® Business Intelligence and get an instant 360-degree view into your business. Orion combines operational and financial data from Voyager and energy data from Smart Energy Suite to provide you with utility and energy management dashboards featuring comprehensive real-time data. You’ll gain valuable information that you can act on to improve portfolio performance.
Yardi Utility Billing and Yardi Utility Expense Management tenant services provided by YES Energy Management®, Inc.