Utility costs represent a significant expenditure for businesses of all sizes, with energy use alone accounting for nearly 20 percent of total expenditures for the typical office building. For large companies with hundreds of sites scattered around the country or around the world, managing and analyzing utility spend and consumption can be overwhelming.
To help these organizations maximize efficiency and control utility costs, ProKarma offers end-to-end tactical utility lifecycle management services. The ProUtility platform allows clients to view, report, analyze and manage utility data – from water and electricity to natural gas and telecom services – with a vast offering that leverages weather-normalized data, improved procurement processes, bills and inventory management, Energy Star benchmarking and sustainability reporting, for starters.
Let’s say that an energy-conscious company decides to retrofit some equipment and spends thousands of dollars on the project. The estimated savings are a 20 percent decrease in consumption year over year. The summer, however, turns out to be hotter than the previous one, and the analysts find that the savings are instead at 15 percent. The analysts would like to show their project management team that the expected 20 percent savings did actually accrue—but that the weather played havoc with their plans and brought the savings down by 5 percent.
How do they effectively show this? ProKarma’s ProUtility platform is one solution, offering weather-normalized data via online, hosted and managed reporting, as well as data feeds via Web services to integrate with a customer’s or energy management partner’s native systems for analysis. Weather-normalized data also allows clients to plan and report on project expenditure and savings and work on specific projects to reduce just the fixed, non-weather dependent spend within a single platform.
Another area rife with potential savings for many organizations is procurement. ProKarma urges its clients to focus on cost-saving opportunities at the source, because although most enterprises have a great way of procuring operational essentials, they often neglect telecom services. Sourcing at ProKarma is not simply about picking the lowest price; it is about transparency, policy compliance, vendor evaluation criteria, faster turnaround times and competitive bidding for services and materials. A better procurement process with telecom services at industry-benchmarked rates with optimal terms and conditions saves on future costs by up to 15 to 20 percent or more on annual spend. In fact, one large Midwestern bank with which ProKarma partnered on a telecom expense-management project, including procurement services for a savings and optimization project, netted a 25 percent reduction in annual telecom costs.
ProKarma’s ProUtility platform gives you the power to manage all aspects of your utility spend and consumption. It allows you to collect utility data and analyze meter usage, utility spend and consumption by site and type of utility. Sustainability reporting includes greenhouse gas and carbon footprint analysis, with site-specific Energy Star ratings. In short, ProKarma delivers the insight you need to manage your utility spend and consumption more efficiently and effectively.