Utility Management Corporation Partners with Urjanet to Accelerate Growth and Increase Data Accuracy
Urjanet’s automated utility invoice data enables UMC to expand its client base, improve operational efficiency, and provide more accurate data to its clients
ATLANTA and JACKSON, MS — March 1, 2016 — Utility Management Corporation (UMC), a full-service energy management firm, and Urjanet, the world’s leading provider of automated utility data, today announced a partnership to fuel UMC’s utility bill payment and processing solution with Urjanet’s utility invoice data. Leveraging Urjanet’s high quality and timely data, UMC can support a larger volume of business and better service its clients with more accurate data.
“Urjanet is critical to our growth strategy,” said Howard Randolph, CEO of Utility Management Corporation. “Prior to Urjanet, we received bills in our P.O. boxes, scanned the invoices into our database, and then manually keyed the data into our software system. By partnering with Urjanet, we can automate and bypass those processes, which enables us to provide more reliable data to our clients and cost-effectively increase our bandwidth to add more clients.”
Founded in 1988 as an energy broker, UMC entered the data management business in 2004 serving the multifamily market. Since that time, UMC has grown the variety of market segments it services to include healthcare, manufacturing, commercial real estate, hospitality, banking, and more.
“We’re excited to help UMC drive growth and alleviate the company’s pain points with utility data collection,” said Erik Becker, VP of Sales at Urjanet. “Not only will Urjanet’s solution support UMC’s bill payment and processing service, but it will also give UMC easy access to historical bill data for clients that utilize UMC’s energy procurement practice.”
Aggregating utility data internally can have a variety of hidden costs that inhibit business expansion. One such cost is the overhead of employing data entry professionals, which have a national average salary of $29,000, as reported by Glassdoor. According to Groom Energy, data acquisition can consume up to 50% of the overall cost of an energy or sustainability management project and can pose serious risks to its success. Manual data entry possesses further drawbacks with slow turnaround time and poor data quality.
“We ultimately selected Urjanet for several reasons,” said Randolph. “One, we can depend on them in the long run. Two, they have superior data accuracy, and three, they have the most leading edge data aggregation technology on the market.”
UMC will receive automatically collected bill data from Urjanet for natural gas, electricity, water, and sewage and is currently exploring new opportunities with Urjanet to automate the acquisition of data from other types of invoices.
ABOUT UTILITY MANAGEMENT CORPORATION
Utility Management Corporation (UMC) is an independent full-service energy management and brokerage firm that specializes in working with clients to manage and reduce their utility expenses. Headquartered in Jackson, MS, UMC has been providing solutions in the face of uncertain energy markets for nearly 30 years. UMC has a successful track record of helping commercial facility owners and operators manage energy supply risks and rates and capitalize on the competitive climate of deregulated energy markets. As one of the few companies combining energy management and bill payment services, we tailor our programs specifically to the changing needs of our clients.
Urjanet’s mission is to provide the world with easy access to automated utility data. Our cloud-based platform connects directly to utilities to seamlessly acquire and normalize disparate utility bill and interval data. The processed data is delivered directly to industry-leading business applications.
Public and private organizations across the world use Urjanet data to achieve sustainability goals and reduce energy consumption and cost. Urjanet is rapidly becoming the global standard for utility data and powers applications from the leading energy and sustainability solutions providers.
Urjanet is a privately-held company headquartered in Atlanta, Georgia. For more information, visit http://www.urjanet.com.
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Marketing Communications Manager, Urjanet