Utility Management
Utility management refers to the strategic process of overseeing and
optimizing the consumption, delivery, and efficiency of various
utilities within a facility or organization. This includes electricity,
water, gas, heating, cooling, and other essential services. The goal of
utility management is to ensure cost-effectiveness, sustainability, and
reliability in utility usage while minimizing waste and environmental
impact. It involves activities such as monitoring utility consumption,
implementing efficiency measures, negotiating contracts with utility
providers, and leveraging technology for better control and optimization
of utility usage. Utility management plays a crucial role in overall
facility management and contributes to cost savings, environmental
sustainability, and operational efficiency.
OCR in Utility Management
OCR (Optical Character Recognition) in utility management refers to the use of technology to extract text data from utility-related documents such as bills and invoices.Utility Management in Facilio
Facilio harnesses the power of OCR technology to streamline your utility bill management process. With our application, you can effortlessly digitize utility bills from your service providersDigitizing the Bills
The OCR-based utility management streamlines utility bill processing by automating the extraction of text data from bills, eliminating the need for manual entryManaging the Utility Account and Bills
A utility account is like a subscription for essential services, such as electricity or water, provided by a utility company. It's the platform through which you sign up to receive and payManaging Tariffs
Managing tariffs involves setting and adjusting pricing for utility services to ensure accurate billing and revenue optimization. This includes configuring standard tariffs based onResolving Disputes
The Managing Disputes feature is designed to handle various issues that may arise in utility billing, such as missing bills, bills generated for terminated accounts or meters, tariff mismatches,Significnace of OCR-based Utility Management
Typically OCR (Optical Character Recognition) in utility management is manifold and transformative for organizations. Here are several key advantages: