Forensic Utility Invoice Audits | REMCO Energy Solutions - Utility Bill and Landlord Bill Auditing Experts

Services

REMCO’s Forensic Utility Audits™

REMCO has been generating large savings for its clients through use of a three-step Forensic Regulatory Utility Audit™. What makes REMCO's approach unique, and allows REMCO to find substantial savings the other auditors miss, is REMCO has a team of engineers and auditors that create energy models that accurately reflect your actual energy requirements. These engineering energy models quickly spot utility overcharges that cannot be found with invoice audits. To generate the most savings for your company, REMCO combines traditional invoice analysis with regulatory auditing sophisticated energy modeling techniques.

Scan Invoices and Insure Data Integrity and Accuracy

All invoices are scanned and presented for processing into a web based system. In order to insure a high level of data integrity and accuracy. The scanned invoices are entered into one of approximately 2,400 templates, each template representing the specific utility company’s unique billing format. This will ensure that each data entry technician captures 100% of the billing information and that the data is displayed in its appropriate field.

Analyze the Data and Resolve Problems

All of the billing data is processed by the web based platform and evaluated against 128 auditing edit checks, including those special parameters set up to incorporate the client’s individual needs. All anomalies, exceptions and kick outs are then reviewed by utility and energy analysts. During this phase of the audit, you can expect some of the following billing errors to be noted, analyzed and investigated: demands not being reset on the meters, overlaps in billing dates, wrong rate classifications, operational issues, master file problems, estimated readings never trued up, inactive meters, wrong meter multipliers, landlord and utility company double dipping, and bill payment errors.

Create Energy Models and Compare to Real Data

In this step of the utility invoice auditing process, the engineering department review’s the information that the utility and energy analysts previously analyzed. They then apply an array of good engineering principles and disciplines to the data in order to get a better understanding of your energy usage and footprint. It’s during this phase of the process where we usually uncover more than would be found in a typical utility invoice audit.