Utility bill management services are crucial back office services for a small business. There are multiple vendors involved in utility bill processing, leading to several invoices and receipts being sent and received.
When these invoices and receipts are read and processed manually and not by machines, it leads to errors involved with human calculation and processing of your utility bills. Such errors left unattended and undetected can create much more issues downstream.
Manual and semi-manual processing of utility bills and their data extraction also increases the processing time spent on these bills because the bills need to be entered manually into the accounting systems, checked for errors, the staff needs to confirm the bill details with other departments, and release each vendor’s payment separately as per their payment terms.
In-house and manual processing of utility bills requires hundreds of manual hours and resources so that data can be sorted and stored. Issues like duplicate or fraudulent entries in invoices are almost impossible to check without specialised and automated data entry tools.
How BPO Services Companies can Cut Down Duplicacy of Utility Bill Data?
Outsourcing companies that specialise in utility bill data extraction can eliminate any chances of data duplication and prevent errors associated with the manual handling of data. The effects of accurate utility bill management can have far-reaching benefits for a small business and positively impact the business’s bottom line.
How Accurate Utility Bill Data Extraction is a Cross-Departmental Tool?
Automation in utility bill management is a significant cost-saving tool for a small business. Outsourcing utility bill data entry and utility bill auditing can reduce costs involved in administration overheads and improve data integrity and quality. It can help a small business budget and forecast better.
Outsourcing companies can extract and validate large volumes of data and present them in usable formats for small businesses. It can help the business determine the success or failure of a sustainable project by showing the effect of the project on the usage of energy, water, and other resources.
How ARDEM can help in Utility Bill Data Extraction?
ARDEM combines advanced data capture technology and data entry methodology to streamline utility bill data processing by giving accurate data, reducing the turnaround time, and significantly cutting down costs by using data automation.
The utility management solutions offered by ARDEM provide small businesses with accurate historical utility databases. Businesses can compare different methods to identify the most sustainable method that promotes energy conservation to help businesses meet their sustainability and conservation goals.
Businesses deal with a host of vendors, each having their own unique billing format and set of metrics they prefer using to outline consumption and usage. ADREM offers an extensive utility database that has mapped innumerable vendors to ensure accuracy and speed in data extraction.
ARDEM Utility Manager is a cloud-based BPass solution that cuts down the average cost of processing by 30% for businesses. You can get your existing system transformed by ARDEM through a blend of automation and methodology. ARDEM boosts visibility and shortens cycle time, offering accurate utility bill data to small businesses.
ARDEM provides Business Process Outsourcing and Business Process Automation Services to established companies to help them improve operational Efficiency and Reduce Costs. For more information please reach out to us at pricing@ardem.com or call us at 908-359-2600.
