Automated Utility Bill Pay and Sustainability Data

Combining two functions can saves more time and money

Talk to GLYNT about utility bill pay solutions

Utility Bills Are Expensive to Process with Delays, Late Fees and Disconnects

High Processing Cost

Short Payment Periods

Processed Twice

Managing utility expense is incredibly challenging and frustrating. Utility bills are complex and have a nearly 100% exception rate in the typical AP system. Plus, the payment period on utility bills is short, often just 14 days. And let’s add in one more wrinkle: AP teams process just a few fields on each bill, such as the amount owed. But sustainability teams need more data from the invoice to for sustainability reporting.

So managers are confronted with a challenge: Utility bills are processed more slowly than the average invoice but should be processed much faster than average! And the bill is often processed twice, inside AP and by sustainability teams. It takes two types of expertise to solve this challenge, so GLYNT.AI has partnered with TruNorth.

Combine Automated Utility Bill Pay and Sustainability Data

GLYNT.AI and TruNorth deliver the complete solution

GLYNT.AI or customer captures the utility bills*

GLYNT.AI rapidly processes the invoice

TruNorth verifies payment approval and pays the bill

You save:

Lower processing cost
Eliminate late fees and disconnects
Get accurate, audit-ready sustainability data too!

*GLYNT.AI will login to the utility site or work with AP to smoothly transfer the required files

How It Works:
Simple and Sane

A flowchart showing how utility bills move through the GLYNT.Ai and TruNorth system to Payment

Sanity begins at the start. GLYNT.AI coordinates with your AP system and/or logs into utility portals. Customize these options by site, use what works best for you!

With invoices in hand, GLYNT.AI prepares a payment file and forward to TruNorth. GLYNT.AI also prepares your sustainability data file.

TruNorth audits and validates the payment data, gains approval to pay the invoice and pays the bill. The entire sequence is done in under 9 business days, leaving you with 5 to 12 days of buffer before the payment period ends.

Multiple Value Streams Add Up to Compelling Savings

Save time and money with automated utility bill pay. TruNorth is an expert at auditing complex invoices, and speeding payment flows. They take on the burden of payments through supplier portals and other complexities.

GLYNT.AI accurately processes the data, with 99.5% accuracy guaranteed. Plus, you’ll get GLYNT.AI’s finance-grade sustainability data at no charge! Take out cost and risk with the utility bill pay and sustainability data solution from GLYNT.AI and TruNorth.

Reduce Processing Costs

Verify Charges Before Paying

Eliminate Late Fees and Disconnects

Get Accurate, Audit-ready Sustainability Data

Reduce Risk with End-to-end Audit-ready, Compliant Flows

Case Study

Challenge

TruNorth was serving a large U.S. cable company with thousands of tower sites across the U.S. While preparing the invoices for telecommunications expense management – capturing invoice files, aggregating and harmonizing varied data schemas, and preparing accurate payment files – the TruNorth staff noticed the same challenge for utility spend.

Again, there were many vendors, many sites and a need to aggregate, harmonize and validate data before approving payment. Gartner estimates that telcom invoices have a high error rate, leading to 14% over-billing. Plus there is a significant cost increase when preparing the payment file from complex invoices. Services from TruNorth are a key step in addressing this issue.

Could the same be true for utility spend?

Solution

TruNorth reached out to GLYNT.AI and together we built an integrated workflow. The customer now has utility bill spend under control, and a unified data file for its 1000 of towers. Hours of customer staff time have been avoided with the data automation and TruNorth’s expert issue resolution services.

Metrics

8X

Faster Data

27%

Cost Savings

100%

Gain in Sanity

How to Get Started

If you’re interested in utility bill pay with great sustainability data, let’s talk!

Reach out to GLYNT.AI and we’ll set up a first call with experts from TruNorth and GLYNT.AI. We want to hear about your frustrations and pain points so we can propose a solution.

Chances are we’ve heard these woes before, as managing the expense of complex invoices – utility and telco – is incredibly frustrating. Use the power of our experience and tech to remove the pain.

TALK TO GLYNT

We Deliver Sanity & Savings.

About TruNorth

TruNorth is driven by a passion to find savings. The staff works with customer to identify opportunities, manage costs, and deliver the transparency and data to operationalize. With years of experience, TruNorth staff lifts the burden of following the intricate byways of vendor data and payment flows.

And TruNorth’s Sparrow dashboard and reporting provides customers a real-time view of data and spend.

TruNorth’s results speak for themselves:

28%

Average Savings

$26,000,000

Total Client Savings