What is Utility Management Software?

Definition

Utility management software helps organizations track, analyze, manage, and report on energy consumption, as well as automate the validation of utility bills and the allocation of costs internally.

Why it Matters

There are different levels of utility management software. Some services simply store raw utility billing files, while others enable real time energy monitoring of energy consumption from digital meters. For purposes of managing the utility bills for a portfolio of buildings, invoice storage may be sufficient. However, to improve how buildings within that portfolio operate and use energy, better data and analysis is required.

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