Today, only a small percentage of utility suppliers distribute invoices via EDI, and they aren’t readily joining P2P networks. In fact, for many companies, about 25 percent of total invoice volume is related to recurring utility bills — including electricity, gas, telecom, water and waste services. This can amount to over 5,000 utility bills each month for a medium-sized company that’s processing around 20,000 total invoices per month. Ongoing manual tasks related to utility bills hinders straight-through processing, results in higher costs, and limits the visibility of key metrics regarding consumption, costs and trends.
In Episode 7 of Esker On Air, host Scott Leahy talks with Dan Reeve, Director of Sales and Business Development at Esker, and Tim Porter, Director of Strategic Account Sales at Urjanet about the need to automate the notoriously manual processing of utility invoices. Urjanet is a data as a service (DaaS) utility data platform that delivers electronic invoices and invoice data from over 7,000 utilities worldwide, helping to provide an automated feed to the problematic niche of utility invoices that people need to access with the use of their software platform. Together, Dan and Tim share their collective expertise, experiences and advice about using software to automate utility invoice processing and collect valuable, actionable data.