As the annual budgeting process begins once more and the firm’s executives renew their demand to reduce operating expenses. More often than not, the solution lies in focusing on a cost that is rarely tracked in much detail: energy data.
Utility bill management (UBM) sometimes referred to as utility expense management (UEM), simply put, is the process of streamlining utility bill collection, validation, and payment.
With so many sites, lights, bills, and processes to oversee, it’s hard for any manager to see the full picture. It’s no wonder the vast majority of businesses fail to track and measure their energy data.