Did you know it actually pays to outsource the processing of your utility bills? According to a recent study by the Institute of Management and Administration (IOMA), it costs the government $29.04, and the average corporation up to $15.00, to process an invoice. The experts at LPB can process, verify and even pay utility bills for a fraction of the cost plus provide comprehensive utility cost and consumption reporting available in a client's Utility Manager™ database.   

LPB processes and pays utility bills for organizations with multiple sites that receive hundreds, or even thousands, of bills each month. We have the experience and knowledge to take the hassle and guesswork out of processing your utility bills, as well as the potential for overpayment. By outsourcing your bill processing to LPB, your organization can create significant cost savings, as well as easily track utility cost and consumption information. Once we receive your bills, our 30-point check system ensures that the amount you are charged is accurate through our bill verification process. When we find discrepancies, we resolve them on your behalf so that you only pay what you owe. Once we’ve verified the correct amounts, we make all of your billing data available to you 24/7 online, via innovative Utility Manager OnLine reporting tool.  

Once your data is in your Utility Manager database, LPB can provide you with Bill Payment support as well.  We can email you an Accounts Payable file for you to upload seamlessly into your accounting system. Then you can maintain control of actual payment without having to deal with the headaches of entering the data into your accounting system.

Alternatively, we can pay your bills for you either from an account established and maintained in your name (allowing you to enjoy maximum interest on your utility spend) or from an account maintained by LPB for the express purpose of paying our clients’ bills.  Our competitors don’t give you both options.  At LPB, with bill payment support, as well as data entry, the choice is yours.

"Outsourcing our utility bill management to LPB lets us focus on our core business, which is offering high quality merchandise to customers at the lowest possible price.  The cost savings we realize help us keep prices low.  Reducing our utilities consumption helps us be a better corporate citizen in the communities we serve.  It's a true win-win." - Marc Perlman, President of Ocean State Job Lot Stores

To view the press release, click here.