Bill Audit
Do you know if your utility invoices are accurate? According to a 2007 Institute of Management and Administration (IOMA) study, and backed by LPB's own experience, a minimum of 3% of invoices contain errors. The experts on LPB's bill audit team have successfully recovered millions of dollars in refunds, credits and future savings on behalf of our clients nationwide.
Your fully populated Utility Manager™ database, or copies of past bills that LPB can obtain, provides the foundation for our expert auditors to find refunds, credits and future savings. Overcharges inflate utility costs and can result from errors in any aspect of the billing process, including metering problems, calculation mistakes, improper application of rates or contract prices. LPB Energy Management’s audit team has been auditing utility bills using Utility Manager software since 1993, providing clients with cost savings as well as additional long-term benefits for budgeting, forecasting, and energy management. During a utilities audit, we discover, analyze and correct errors in utility bills, including electricity, natural gas, water, wastewater, storm water and alternative energy accounts. If we find errors, we negotiate with the utility on your behalf, leaving your employees free to do higher value work for your organization. Optimizing tariffs and rates will also ensure that future invoices are not higher than they should be.
Best of all, LPB's unique and proprietary audit service has zero-risk to clients. Audit is performed on a shared savings basis. If we don't find a refund, you don't pay!
Sample Audit Savings from Actual LPB Clients:
Your Area Community College District*
Single campus (site) with 34 accounts
| Category | Amount |
| Refunds Annual Savings Total Savings: | $107,579.41 $50,000.00 $157,597.41 |
LPB Assisted Living Facilities*
30 sites with 115 accounts
| Category | Amount |
| Refunds Annual Savings Total Savings: | $42,381.79 $33,575.69 $75,957.48 |
*Names changed to protect client confidentiality
“Our dozens of properties nationwide are serviced by numerous utilities. In addition to reducing utility costs through competitive supply, LPB audits have helped us save hundreds of thousands of dollars over the years with no out of pocket cost.” - Terry Phillips, Senior Vice President at Fairfield Properties, LP
To view the press release, click here.