Economic downturns, such as recessions or financial crises, can pose significant challenges to businesses and households alike. During these tough times, one area that often requires careful management is utility costs. Utilities, including electricity, water, gas, and telecommunications, are essential for daily operations and well-being. Here, we’ll explore strategies for effectively managing utility costs during […]
In our modern world, data drives your every decision, but the technology that produces this information moves at the speed of light. Those working with businesses, health systems, and educational institutions scramble to keep up, repeatedly challenged to manage and leverage vast amounts of information. That’s our mission here at Collaborative Work Environment. With innovative […]
Environmental, social, and governance (ESG) factors have become an increasingly important consideration for businesses in recent years. ESG encompasses a wide range of issues, from reducing environmental impacts to promoting diversity and inclusion. Technical operations, including facilities management and maintenance, plays a critical role in supporting ESG goals and driving positive outcomes. One key area […]
Historically, processing utility bills were not given much thought. In fact, it was largely perceived as a cost of doing business with your provider and there was little one could do to manage this expense. Today, utility bills are a significant expense for most businesses and managing them can be a time-consuming, complex and resource […]
As a business owner or facilities management professional you have many responsibilities. One of the most important is managing costs. One of these is constant, your utility costs. Utilities, such as electricity, water, and gas, are essential to our daily lives. However, they can also be a significant expense for many and can often take […]
Automating utility payments can be a simple but effective way for organizations to save money. By automating the process of paying utility bills, organizations can reduce administrative costs, avoid late payment fees, and ensure that bills are paid on time, every time. One of the primary ways that automating utility payments can save money is […]
Utility bill data can be a valuable resource for organizations looking to track and report on their sustainability performance. Meeting government mandates, creating carbon reduction initiatives, and investing in new technology are great, but organizations that make a real impact in their sustainability performance efforts start by understanding their resource use through a thorough examination […]
Utility data refers to the information collected about the consumption of utilities such as electricity, gas, and water. This data can be incredibly useful for managing energy usage and promoting sustainability within a facility or organization. One of the key benefits of historical utility data is that it enables us to track trends and patterns […]
In today’s business environment every dollar counts. Utility costs are no different. According to Consumer Price Increase data released in January by the U.S. Bureau of Labor Statistics consumers paid an average of 14.3% more for electricity in 2022 than in 2021. That is double the overall rate of inflation for the same time period. […]
Organizations can reduce their utility costs by implementing better management of invoices, approvals, and automated payments. By streamlining these processes, businesses can save time and money, freeing up resources for other important work. One way to reduce utility costs is to improve the management of invoices. This can involve implementing a system for tracking and […]
