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Being in an industry that handles thousands of documents every month, extracting data manually, double-checking the collected data, fixing errors, and finalizing operations is challenging and time-consuming. What if we told you it is possible to automate data extraction from bills so that your staff focuses on strategic tasks and overlooks the extraction with humans in the loop workflow?
That's where utility bill management systems (UBM) come into play. With utility bill management systems, extract data using automation and improve efficiency in your business by handing over repetitive and routine tasks to automation.
Here, we list the top utility bill management systems available in the market with their features, pros, and cons, and help you decide the right fit for your business.
A utility bill management system is a software solution that helps businesses accurately store digitized bills, extract relevant data from utility bills, and gain insights from sourced data. Mainly, it acts as a partner that supports billing operations.
The benefits of utility bill management systems include:
Docsumo helps businesses transform the way they handle documents. Docsumo's intelligent utility bill data automation uses vectorized position references to extract data from a wide range of unstructured utility bills - water, gas, electricity, and more.
Document-heavy industries that process data from thousands of bills every month use Docsumo’s APIs to source data from bills such as customer name and address, due date, and billing period quickly and easily.
The best part? Docsumo processes different types of utility bill formats with little to no human intervention. Going a step further, validate the extracted data and derive insights using Excel-like formulas within utility bills.
Urjanet’s utility data platform collects data directly from global utility providers and provides access to this data to utility businesses. Collected data is simplified and presented according to your needs.
Urjanet eliminates chasing of information. Instead, get access to utility bills directly and process payments easily by feeding them into various payment applications.
This utility bill management system is best suited for private and public companies looking to improve payment processes to cut costs, save time, and operate efficiently.
Custom pricing
Muni Billing is a utility billing software solution that allows governments, higher education entities, and property management companies to create customized bills and accept payments securely.
The cloud-based utility management system improves the operational efficiency of your billing process, flexibly accommodates your billing requirements, and gives intelligent insights to improve business outcomes.
Custom pricing
Diversified Technology is a utility billing software solution mainly serving governments, municipalities, and private utilities that offer customers water, sewer, trash, gas, and electric services.
With Diversified Billing, get organized information about your customers by searching for their accounts using name, address, or account number. Diversified Billing's customer web portal allows customers to access and view their account information from usage to payment history with charts and graphs.
Custom pricing
Flux is a billing tool that empowers innovative energy businesses with billing and market operations. Simply put, Flux helps non-traditional energy organizations put together new charging solutions without any complexity to maximize profit for their businesses.
So how does it help? Flux can launch any type of tariff, like load-based pricing, sub-tariffs, demand charges, and more. Also, Flux supports creating flexible bills like bundled and unbundled ones according to the necessity and reliability of residential and commercial customers.
Flux is the best option because it works alongside your energy business, understands your business and specific needs, and takes a customized route to every migration.
Custom pricing
Local governments' finances are managed efficiently when they opt for a cloud utility billing software like OpenGov Financials that caters to their specialized needs instead of relying on the same old technology.
From tracking data to reporting on a budget, checking payment status, civic services, budgeting, permitting, and licensing to asset management, OpenGov comes as a reliable solution to manage governments' financial processes. Integration into the Ledger stores every financial data accurately without requiring your employees to enter data manually.
Custom pricing
Oracle Utilities offers various products like analytics, customer experience, meter data management, and billing to water, natural gas, and energy utility businesses. This cloud-based utility bill management system calculates and creates new rates using pre-built calculation rules for different scenarios, from volume-based and time-based pricing to unbundling charges.
Oracle's flexible billing solutions pave the way for you to serve commercial and industrial customers with billing processes catering to their business needs. Manage data such as customer accounts, service agreements, and registration points to handle your billing process smoothly.
Custom pricing
Muni-Link is a billing software that municipalities and local governments in the U.S. use to bill residents and collect payments for their water, sewer, and natural gas services.
This billing tool serves the Customer Information System (CIS), where municipalities safely manage customers' information, from their name and address to the services they use with security protocols to protect the data.
Additionally, send advance notifications to your customers reminding them about their payments, and communicate any information instantly improving customer service and experience.
Custom pricing
Utility Trackr is an all-in-one billing management software that handles metering, billing, payments, and customer service for water, natural gas, electricity, and renewable energy utility businesses. This cloud-based bill management software fits into your business without changing your current business operations and can be accessed from anywhere and anytime.
With Utility Trackr, store data, identify incorrect information the moment it has been entered into the system, and use data-driven insights to scale your business and improve efficiency.
Custom pricing
Cimpl's telecom expense management optimization helps telecom, mobility, and cloud businesses manage their invoices, inventory, orders, and track costs to find opportunities to save money. This bill management system automates invoice processing and optimizes your business with the insights derived from powerful reports and analytics.
Custom pricing
With so many utility bill management systems available today, choosing the platform that works for your data extraction needs is daunting. We recommend starting with Docsumo – a comprehensive automated billing management system for all industries. The best part, if you’re looking for a trial, start by dropping your PDF and image files here, and the free software processes documents up to 200 pages or 50 MB and 3 tasks per hour.
Start your 14-day free trial to extract utility bill data with 99.9% accuracy.