Oil and Energy

Energy bills can be a nightmare for most multiple site businesses, as bills are often wrought with errors, overcharges and less-than-optimal rates. The best businesses in America have a proactive energy strategy for their multiple site businesses. They know when the lights are on, they know when the bills are paid, they know what they should be paying, and they know when a meter is incorrect.

But, they don’t have access to a magic “crystal ball.” Instead, they utilize Cadence Network, Inc. to implement an energy strategy to effectively manage utility costs which, together with water, sewer, trash, lease and telecommunications, comprise the third largest costs of doing business.

Energy Consumption On the Rise
According to estimates from the Energy Information Administration, in just two decades United States energy consumption will increase by almost 40 percent – an amount equivalent to the energy used today in California, Texas, New York, Ohio, Pennsylvania, and Illinois. With energy prices continuing to rise, there is no better time to implement a comprehensive and proactive energy strategy.

“In Business 101 we learned how to write a business plan incorporating a strategy to generate an income,” says Jeffrey Hart, president and CEO of Cadence Network, Inc. “However, while most business strategies focus on top-line growth, the goal of an energy strategy is to manage bottom line costs and let the companies concentrate on what they do best. Reining in bottom line expenses is significantly more impactful to profit than the time and manpower it takes to focus solely on top line growth. Savings do exist, and it’s easier than a CFO may expect.”

An Energy Strategy at Work
“There is freedom in the knowledge of understanding where the money goes,” explains Hart. “With Cadence’s unique, scalable, two-stage process, we give our clients insight into the sometimes-hidden bottom line costs.”

Cadence’s proprietary electronic program evaluates invoices against more than 30 criteria for red flags. These reviews include areas such as meter changes, usage/cost per day and utility demand levels. If discrepancies are found, Cadence will leverage its relationships at all of the major utilities to resolve any identified issues and obtain the optimal refund or credit.

“To date, we’ve saved our clients tens of millions of dollars,” says Hart. “But you can’t put a price tag on the knowledge we’ve given them.”

About Cadence Network, Inc.
Cadence Network, Inc. is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, government, restaurant, retail and grocery industries. Cadence is recognized as an Energy Star Partner by the United States Environmental Protection Agency. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business – electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, Web-based software applications and professional services. Cadence can be accessed at www.cadencenetwork.com or by calling 866-CADENCE (866.223.3623)

Contact:
Megan Licursi
Senior Consultant, Justice & Young Public Relations
513.388.47