Utility costs make up one of the largest operating expenses in running a building. From utility billing files to fault detection and equipment-level power consumption readings, managing utility bills require better data and analysis. To help you easily collect those data and gain specific insights, utility management software is your go-to solution.
12+ Utility Management Systems Software
1. Tridens Monetization
2. Skybill Utility Billing
4. Utility Billing
6. Overtime HVAC
8. Geoviewer Mobile
9. Utility Cloud
10. SilverBlaze Customer Portal
11. EEM Suite
13. Oracle Utilities
What Is Utility Management Software
Utility management software helps companies improve the way they budget, report, forecast, and optimize their consumption through granular, real-time data. This software automates utility billing and tenant metering to improve cost calculation and allocation internally.
Primarily, implementing a utility management system solution helps prevent energy wastage. This solution helps in tracking business energy utilization. Tracking energy consumption helps you identify what you are not using or how to improve your energy utilization, and what alternative options are available.
Equipped with the correct information, utility management software helps you make effective decisions in minimizing energy expenses.
Main features of utility management software include:
– different types of meters for different consumptions
– recording of electricity, gas, water, or any custom meters
– adding of single or multiple meters for assets or locations
– monthly, daily, or weekly scheduling of meter readings for assets or sites
– specify recording times and when to send alerts regarding meter readings
– configuring meters to ascending or descending readings
– sending alerts should the consumption crosses a threshold
Top 10 Utility Management Software
2. Skybill Utility Billing
Skybill Utility Billing is an on-premise and cloud-based billing solution where users can define properties and services addresses for each customer.
Cogsdale is a customer information system (CIS) solution that offers a meter-to-cash feature. This tool also has billing engine calculators for electricity, water, sewer, stormwater, gas, and a combination of these services or more. Cogsdale has 155 employees and makes $30M in revenue.
4. Tridens Monetization
Tridens Monetization offers a lot of perks for service providers. Using this software, service providers can quickly launch innovative digital subscription and usage-based services, develop recurring revenues, and deepen customer relationships.
ProntoForms allows field agents to fill out and submit invoices, work orders, and signatures within their mobile app. This cloud-based field service software assists businesses via their web app and mobile interface. ProntoForms has 145 employees and makes $17M in revenue.
6. SAP S/4HANA
SAP S/4HANA’s primary features are finance performance measurement, supply chain management, purchasing, contract management, lifecycle management, production cost management, and accounting. SAP S/4HANA has 33 employees and makes $6M in revenue.
MuniBilling is a utility billing solution designed for government and private utility providers. This software offers features, including a customer portal, online payments, and meter integration. MuniBilling has 31 employees and makes $5M in revenue.
8. Rural Billing
Rural Billing is a utility billing solution that allows users to create customer profiles and set up tariff plans.
Cartegraph is an asset management software designed to help businesses across industry verticals to manage property portfolios, work orders, budgeting, and resources. Cartegraph makes $20.7M in revenue per year and has 200 employees.
10. SAP HANA Cloud
SAP HANA Cloud is a database management platform that assists businesses of all sizes in designing, testing, and deploying web applications. This software also allows data visibility and analysis for multiple business units and monitor data processing performance through hybrid transactions.
What Does Utility Expense Management Mean?
Utility expense management refers to the process of tracking an organization’s utility expenses through comprehensive bill audits, covering rectifying bill errors, and ensuring timely payment of the correct amount.
What Are the Utilities in a Building?
Generally, utilities include electricity, gas, water, sewage, and communication services.
What Is Tenant Metering?
Tenant metering is the process of tracking utility consumption used by individual tenants. This process is often done for billing purposes to identify the charges based on the whole building’s usage (known as a master meter).
Having data and analysis in place helps you make sound decisions in improving energy efficiency. With the help of a utility management solution, you can use these data to gain specific insights that will help you manage utility bills and invoice storage.
Let’s face it, we sometimes commit errors in computing master meters and submeters. This is why utility management solutions come in to automate the tenant submetering processes and speed up billing while eliminating errors.
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