How the Israel-Iran Conflict is Moving U.S. Energy Prices
During the overnight hours of June 12 and 13, Israel conducted the first of several air strikes...
Utility bill payment and processing can be a very manual and time-consuming exercise for clients with multiple locations across different states and utility service territories. It is especially problematic for non-franchised operations where there is a single accounts payable department that is responsible for processing all invoices. In these instances, a bill consolidation and payment service can serve as a centralized resource to view, track, and pay utility bills. Many larger clients seek a solution that also provides transparency into utility costs for benchmarking and reporting, enabling the organization to identify locations that are more energy-efficient than others. For clients that need a more robust bill consolidation and payment solution, 5 helps to identify the best vendor and solution set.
5’s vendor identification process begins with an assessment of the client’s specific needs. A client searching for a relatively simple bill consolidation service is different than a client who intends to use this service for detailed benchmarking and reporting purposes. 5 develops and issues an RFP for the specific service the client requires and then evaluates vendor proposals. 5’s recommendation is based on the amount a specific vendor charges per invoice, how quickly the invoices are processed, and the accuracy of the vendor’s payments, allocations, and reporting. 5 applies the same objective and rigorous process used for commodity procurement to solicitations for bill consolidation and payment services.
Contact Us to learn more about how 5 can help your business with bill consolidation and payment solutions.
During the overnight hours of June 12 and 13, Israel conducted the first of several air strikes...