4 Ways Centralized Management Supports Utility Expense Management
Summary
Managing general ledger (GL) coding and allocation functions is also facilitated by the technology platform’s ability to configure according to your organization’s unique needs. Utility invoicing data that is appropriately organized and aligned within the system is now highly amenable to audit and other review activities that are core to this process. For example, workflows will be built to conduct variance audits and flag discrepancies, produce custom accounting upload files, assist in executing payments, and perform any needed reconciliations. It’s the powerful use of technology, best practices, and systems that react to any missing invoices in real time, eliminate late fees, and avoid unwanted service disconnections. The expense management provider can develop batch transmission files for the invoice payment cycle which is designed to upload directly into the customer accounting system.
Classifications
AskAI Classifications
LabelsLinked Companies
