The first step for any organization to successfully reduce their utility expenses is to perform a utility bill audit. By eliminating billing discrepancies and overcharges on the utility bill, not only are you adding cash-flow to your bottom-line, but you are ensuring that any efficiency projects are applied to an accurate invoice.
On average, 80% of organizations are overcharged on their utility expenses due to calculation errors and discrepancies billed by the providers. Since the liability of reporting discrepancies lies with the customer and most findings are subject to a statute of limitations, it is crucial for large diverse organizations to have an outside company with national experience verify the accuracy of their invoice to prevent the loss of any additional monies.