1 / 9

Lowering Utilities through Refunds and Cost Reductions

Lowering Utilities through Refunds and Cost Reductions. Utility Expenses Are Increasing. Your Management Time is Limited. Pressure To Reduce Costs Continues. Multiple Vendors. Billing is Complex. Technologies Continue to Change. Sound Familiar?. Four Simple Facts.

nomlanga-harper
Télécharger la présentation

Lowering Utilities through Refunds and Cost Reductions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Lowering Utilities through Refunds and Cost Reductions

  2. Utility Expenses Are Increasing Your Management Time is Limited Pressure To Reduce Costs Continues Multiple Vendors Billing is Complex Technologies Continue to Change Sound Familiar?

  3. Four Simple Facts • Utilities are one of a company’s top three operating expenses • According to one study, "4 out of 5 commercial or industrial customers are over billed by the utility at some point" “These systemic, chronic-type billing problems, they exist all over the place," said the director of auditing at TeleTruth, a New Jersey telecommunications watchdog group, and former member of the FCC's consumer advisory committee. - The Washington Post • On average, 90% of our customers save money • The end user is responsible for selecting the best rate for their level and pattern of usage “A utility does not automatically give an industrial or commercial customer the best rate when more than one rate is available.” - The Wall Street Journal

  4. Why Tenurgy? • Significant savings can be generated through careful management of utility expenses • Every utility & telecom company deals with: • multiple tariffs • thousands of invoices • invoice reconciliation against contracts • accuracy of inventory & consumption • Invoices often contain significant errors from: • erroneous billing • services not ordered or already disconnected • Significant financial recovery can result from monthly billing reviews and ongoing maintenance • Additional savings are realized from negotiating best-in-class contracts • identifying favorable rates • appropriate terms and conditions

  5. Areas of Expertise • Natural Gas • Electric • Natural Gas Purchasing • Electric Deregulation • Propane • Local & Long Distance • Cellular • Internet Access (T1’s) • Water/sewer • Trash removal

  6. The Tenurgy Solution • Audit Services • Identification of billing errors • Expeditious recovery of overpayments via credits or refund • Confirmation that invoices reflect facilities and services utilized • Improved cost visibility, decision-making and purchasing power • Vendor analysis and negotiations • Current contract reviews • Rate audit and tariff research • Reporting • Gain control and insight into your expenses and reduce overall costs • Presentations include graphs and consumption trends • Action plan to realize savings and refunds

  7. The Process • Initial Meeting • A meeting is coordinated to review your history, • utility spending and decision-making process • Document Collection • A signed agreement and letter of authorization is needed • Copy of 1 month of gas, electric, water, waste and telecom bills • Analysis • Extensive research, audit and analysis to present a savings strategy • Second meeting to discuss savings options and how you would like to proceed • Ongoing Maintenance • After activating your savings and refunds, we continue to search for additional savings opportunities. We handle all follow-up to ensure all refunds and savings are processed correctly and stay in place

  8. Refunds & Credits • A 79 room hotel received a refund of over $80,000 on water/sewer charges. The same hotel is now saving over $25,000 annually across all utilities. • A Michigan hospital received a refund in excess of $72,000 on past electric charges. • A Michigan school district has been presented with $43,900 in utility credits. This same school district is now positioned to take advantage of over $40,000 in annual telecommunication savings. • An automotive supplier with plants in Tennessee and Mississippi has received electric credits of $27,525 with annual electric savings of over $55,000. • A Michigan automotive supplier received a natural gas refund of over $26,000. • An industrial food processor received refunds totaling $6,791.

  9. How to Start Saving! • Execute the Tenurgy Consulting Services Agreement. • One copy of each location’s current (last 90 days) utility & telecommunication bills. • Sign a letter of authorization (LOA) on company letterhead. Michael J. Harrington Michael@tenurgy.com 445 E. Mitchell, Suite 7 Phone: 231-347-8511 Petoskey, MI 49770 Mobile: 231-881-6410

More Related