The invoice data within Optima provides a rich source of financial information, and the Budgeting module is ideal for predicting future energy costs and then keeping track of progress through the year. It is used extensively by clients ranging from the manager controlling an operations budget, to management accountants responsible for entire corporate budgets.
A history of invoices going back many years provides the basis for predicting future energy consumption and costs. This means that all users have the opportunity to monitor their budgets, even where time is limited. Budget predictions can be set up for any financial year, either manually, automatically with inflation adjustment based on a previous year, or imported from an external system.
Where Half Hourly data is available, budgets can be calculated based on this detailed data together with the applicable contract tariff rates. Optima also allows you to create your own Provisional Invoices based on Half Hourly data and the contract tariff, so that you can have an accurate indication of the expected invoice within a few days of the end of the month.
Once the financial year commences, these targets can be tracked via reports and graphs for individual sites, groups of sites, or all sites, so that any level in an organisation can be monitored effectively.
Exception reports highlight sites that are exceeding budgets, whilst other options allow for budgets to be refined as the year progresses so that adjusted end of year targets can be modified.
Optima Energy Management
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Broughton
Skipton
North Yorkshire
BD23 3AN
tel: +44 (0) 1756 702 488
fax: +44 (0) 1756 702 489
Innovation Centre
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Birmingham
B31 2TS
tel: +44 (0) 121 222 5617
fax: +44 (0) 121 275 6101
email: info@optimaenergy.net