USIEnergy Invests In Data Capture Automation from Datacap
Technology Increases Productivity, Reduces Costs, and Provides Reliable Capture of Energy Invoice Data
Tarrytown, NY - February 23, 2004 - USIEnergy, the first company to provide customized energy management services to multifamily property owners, has invested more than $500,000 in Datacap's advanced invoice processing software Taskmaster. The software, now in production, significantly expands USIEnergy's ability to recover utility costs and identify opportunities for future savings on behalf of multifamily properties nationwide.
Taskmaster streamlines USIEnergy's capture, processing, and management of data collected from paper and electronic sources. The solution reduces the burden of utility invoice processing while improving on the success of existing document imaging technology.
"USIEnergy selected Datacap because Taskmaster is a proven, powerful tool to better capture, process, and manage the information that is so important for our clients," said USIEnergy Founder and CEO Michael Anderson. "We invested in this technology because we saw an opportunity to better serve our clients. Increased production, more accurate data capture, a more streamlined workflow - all of this means the people we work for will be able to save more money and make better energy management decisions."
Datacap CEO Scott Blau applauds USIEnergy's aggressive approach to competitiveness. "USIEnergy is a leading edge company willing to invest in a highly variable document processing technology to remain in the lead in their market," he said. "We are proud that USIEnergy is using Taskmaster to enhance their already formidable data-driven technology."
Traditional document imaging technology relies on template-driven data analysis; consequently, while these systems produce outstanding results with standard forms, they are less reliable in a more dynamic environment. Taskmaster utilizes rules-based data analysis to quickly and accurately capture data from highly variable documents. The results are immediate. This automated system provides simple and secure administrative access, real-time productivity reports, and a proven document verification system.
New Technology Enhances Existing Energy Management Services
USIEnergy's investment in Taskmaster illustrates an ongoing commitment to providing multifamily property owners with superior Energy Management Services (EMS) to:
A core EMS element is Vacant Unit Cost Recovery (VCRO). Under this program, USIEnergy identifies "vacant bills" - utility bills paid for by the property when residents could be responsible - and recoups the money from the resident. As much as 11 percent of all vacant energy costs could be recovered by billing the resident.
"These technologies increase our invoice processing output by 100%, giving us more time to analyze the data we collect, notes David Richitelli, Vice President of Client Services. "Our multifamily clients can expect a significant difference in the speed and accuracy with which we identify opportunities for VCRO and other cost recovery initiatives."
About USIEnergy
USIEnergy delivers a comprehensive suite of interconnected, customizable energy management services to multifamily owners nationwide. USIEnergy's "One Company One Source" plans provide greater control over operating expenses through outsourcing business processes, recovery of lost utility expenses, reduction in water and energy use, and increased awareness of trends in utility costs and consumption. For more information, visit www.usienergy.com or call 888-628-8662.
About Datacap
Datacap Inc. provides software solutions that transform paper into information and efficiently feed information management systems for Fortune 1000 companies and government agencies worldwide. Datacap Taskmaster 6 is a client/server, rules-based capture workflow platform, which provides highly flexible solutions for image indexing and data entry automation. Taskmaster 6 enables scanning, indexing and administration from a browser. Founded in 1988, Datacap is headquartered in Tarrytown, New York. www.datacap.com.