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Meter-to-cash Automation


Meter-to-Cash Solution Sheet

Meter-to-Cash Solution Sheet

Discover how Redwood automation helps utility companies manage meter-to-cash processes. Download now

Fast, Accurate Customer Service and Cash Flow

Your meter-to-cash process is your revenue engine. It has to work quickly and accurately to avoid costly service interruptions or dunning errors. You use SAP® IS-U and SAP CRM to support accurate billing, service management, sales and distribution, but you also depend on other solutions outside of SAP. Coordinating these processes can be a challenge—both within and around your SAP solutions.

Redwood's complete automation solution eliminates any unnecessary manual steps and latency across your entire meter-to-cash landscape to ensure consistency and speed. It brings all of your technologies together.

 

Meter Data Management

Challenges

Process meter reads quickly uniformly and accurately to speed revenue recognition.

Solutions

Flexible, event-driven processes.

Revenue Recognition

Challenges

Process payments quickly and accurately keeping cash flow strong and constant.

Solutions

Manage payment posting as an event-driven process.

Billing & Invoicing

Challenges

Match complex, high-volume rate and customer information to produce accurate and timely bills.

Solutions

Business-rule driven processes with automated checks and balances.

Collections

Challenges

Improve the accuracy, consistency of your collection process.

Solutions

Automation improves accuracy and process management at every stage.

Find a solution to your business challenges with process automation


Benefits of Meter-To-Cash Automation

  • Accurately process meter readings for faster revenue.
  • Cut the time to process highly complex meter-to-cash activities.
  • 75% reduction in process run times.
  • 60% reduction in manual data accuracy checking.
  • Increase billing and invoicing frequency.
  • Reduce the cost of inaccurate shut-offs.
  • Minimize fines and manual compliance checks.
  • Increase transparency and control.

Customer Success

TXU Energy now accurately and uniformly processes $40 million in billable meter data per day as soon as it arrives, significantly shortening and improving the accuracy of its invoicing cycle.

FortisBC uses SAP® CPS to automate key meter-to-cash processes to send out 50,000 bills every day. The company realized and exceeded its goals—to make the customer experience exponentially faster, better and more cost-effective.

Contact us today to improve your meter-to-cash process for faster revenue recognition.