UTILITY BILLING

Automate out-of-pocket utility cost

Automate Utility Billing, saving time for more critical tasks. This solution connects to your utility submeters to gather data, allocate costs and generate invoices.

Features

Recover costs

Maximize utility cost recovery by billing occupants back through your Utility Billing Program. Streamline the utility transfer process with Vacant Cost Recovery and increase your utility cost recoveries by up to 20% with convergent billing. Yardi Utility Billing combines utility charges with lease charges and other recurring costs into convenient monthly statements.

Final bill processing

Ensure you never lose track of a final utility bill for your occupants. Our final bill process is integrated into deposit accounting, reconciling utility charges before returning deposits. Create final bills on demand if needed and post them directly to the occupant ledger for seamless tracking and management.

Optimize utility submeter performance

Enhance the performance of your utility submeters with our expert field technicians. Streamline meter installations for new constructions or upgrades and maintain hardware with our Meter Maintenance or On-Demand programs. We manage and maintain existing submeter systems or install new ones, working with all major equipment manufacturers in the real estate industry.

Extend your energy platform

Catering to both commercial and residential markets, Yardi Energy Solutions is a comprehensive suite designed to maximize efficiency and drive results.

 

Resources

FAQ

Do I need Yardi Voyager or Yardi Breeze to use Utility Billing?

Yes, Utility Billing is designed to integrate seamlessly with Yardi Voyager and Yardi Breeze. These platforms provide the necessary infrastructure for managing property data, which Yardi Utility Billing uses to deliver comprehensive utility payables processing and bill payment. By using Voyager or Breeze, you can ensure that all your utility expenses are accurately tracked, audited and managed within a single connected solution, enhancing overall efficiency and control.

How does Utility Billing improve utility expense management for real estate companies?

Utility Billing enhances utility expense management by automating the entire billing process. This includes utility bill automation, which reduces manual errors and ensures timely and accurate billing, leading to better financial control and efficiency.

What are the benefits of using automated utility billing?

The benefits of having Utility Billing include recovering utility costs effectively, reducing administrative workloads with automation, improving billing accuracy, ensuring compliance with utility billing regulations and enhancing tenant satisfaction with transparent billing.

Does Yardi provide hardware for submetering, and how is it maintained?

Yes, Yardi provides high-quality submeter hardware as part of its comprehensive utility billing solutions. The hardware is selected by equipment experts to maximize ROI and ensure accurate utility usage tracking. Yardi also offers full lifecycle support, from system design and installation to ongoing maintenance.

How does Utility Billing work with submetered units?

Utility Billing efficiently manages utility billing for submetered units by accurately tracking individual utility usage for each unit. This ensures that tenants are billed based on their actual consumption, promoting fairness and transparency. The system automates the entire process, from data collection to bill generation, reducing manual errors and improving billing accuracy.

How does Utility Billing support utility cost recovery?

Yardi provides robust utility billing solutions that ensure accurate utility cost recovery. The system tracks utility usage and expenses, allowing real estate companies to bill tenants accurately and recover costs associated with utility consumption.