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.

Why is Utility Management Important

A comprehensive utility management solution can address a range of challenges, such as :High Utility Costs - Excessive expenses incurred by a business on utilities like electricity and water.

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.

Significance of OCR-based Utility Management

Typically OCR (Optical Character Recognition) in utility management is manifold and transformative for organizations. Here are several key advantages:

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 providers

Digitizing 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 entry

Managing 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 pay

Managing Tariffs

Managing tariffs involves setting and adjusting pricing for utility services to ensure accurate billing and revenue optimization. This includes configuring standard tariffs based on

Resolving 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,