Utility management software automates bill processing and resident billing, while collecting real-time utility data in one convenient place.
As a whole, the utility management industry suffers from outdated processes and a lack of automation. For many property managers, managing utility bills and resident charges is a time-consuming and frustrating monthly process. Until now, there hasn't really been an easy alternative.
Fortunately, recent advancements in technology make it easier for businesses to manage utilities more efficiently. Repetitive, manual tasks — like bill collecting, entering, and tracking — can now be automated with the use of innovative utility management software.
Unorganized utility management can cost your business a lot of time and money. If you use multiple spreadsheets or an outdated utility billing system with limited analytics and insights, it can be difficult to get a full picture of where your utility spend goes and where you have opportunities to save.
Saves time
Reduces utility costs & usage
Increases ROI
Improves efficiency
Increases accuracy
Provides data & insights for better decisions
Improves the employee & resident experience
Utility Management is a feature within AppFolio Property Manager that automates utility billing, converges resident billing, and analyzes data, so you can maximize your net operating income, increase efficiency, and discover new opportunities.
Now that we've started to use AppFolio's Utility Management functionality, we can offload the utility bills to AppFolio without hiring new staff.
Alethea ParkerPresident, Artcraft Management
Utility bill is received by AppFolio. It's then entered and a payable is created in AppFolio Property Manager
Utility is paid on your behalf
Charges are assigned to residents based on lease
Rent and utility charges are combined and posted in AppFolio's online portal for resident payment
Utility analytics detects spikes, tracks variances, and identifies opportunities
AppFolio Utility Management could be a great fit for you if:
With AppFolio's Utility Management, we spend more time growing our business and less time managing utilities. We have dramatically reduced late fees for our properties, and we appreciate the responsiveness and strategic partnership from AppFolio's team.
Annelise KapishController, Tzadik Management
Utility management software automates bill processing and resident billing, while collecting real-time utility data in one convenient place.
Utility management software makes it easier for you to manage utilities more efficiently. Repetitive, manual tasks — like bill collecting, entering, and tracking — can be automated with the use of utility management software.
Utility management software is easy-to-use and helps reduce the manual work associated with utilities by automating utility billing and payments, so your team can spend more time growing your existing business.
Utility management software helps you gain greater visibility into costly spikes or leaks early and accurately. In addition, it benchmarks your building's usage against others and identifies savings opportunities in your area, so you can find ways to reduce utility costs and usage.
Utility management software eliminates late fees with on-time billing, and recovers utility costs as a new revenue source, so you can improve your NOI.
It's better for your bottom line and the environment.
Without the right utility management software it can be difficult to get a full picture of where your utility spend goes and where you have opportunities to save. In addition, managing utility bills and invoicing is time intensive, and mistakes can result in late fees, further impacting your net operating income.
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