Global Real Estate Giant Takes On Edmonton’s Green Solution.
Edmonton, Alberta. One of the world’s largest life insurance companies, Manulife Financial, has chosen the relatively small Edmonton-based energy consultancy, Solution 105 to make sense of the company’s energy usage and environmental impact on their portfolio of seventy-five buildings across North America and the Pacific Rim.
Solution 105’s reputation–built on saving corporations over $60 M on energy–helped win the contract over larger competitors, to replace Manulife’s existing system. Manulife signed up for two major initiatives in data management and reporting, and real-time monitoring.
The first, Billsmarts, is Solution 105’s proprietary online reporting software, which analyses current against historical billing data. Crucially, Billsmarts allows Manulife to identify usage patterns and highlight deviations and set benchmarks for single or multiple sites and to quickly identify discrepancies and incorrect billing.
“Feedback has been great”, explains Solution 105 President Chris Vilcsak, “It’s easier to use and takes a fraction of the time to input data, and automated error-checking features mean the data that ends up in the system is reliable.”
The second innovation involves new technologies to measure usage in real time and to feed that information into Billsmarts. This means that property managers and senior executives can find out 24/7, exactly how much power is being used in any building, anywhere in the world.
Armed with this information and customized reports Manulife can benchmark their portfolio of buildings and therefore determine which properties may need upgrades, and how effective those upgrades have been in improving energy savings and environmental performance.
The next step, according to Vilcsak, is to use this information for Manulife’s budgeting and forecasting process and to identify best practices, all with a focus on improving services for tenants while reducing costs. Solution 105’s larger suite of services was another reason Manulife chose the firm to help them make sense of energy.
Solution 105 is an Edmonton-based measurement and analytics firm that makes sense of the really complicated energy industry, rescuing clients from the dangers and pitfalls of billing errors and industry regulations. Solution 105 helps clients measure and reduce consumption on individual and portfolio properties. Our mission is to create responsible stewardship of resources with a commitment to enhancing a client’s environmental reputation and reducing their footprint. Solution 105 gets the energy industry off our client’s back, so they can get back to work.
www.solution105.com | Suite 230, 10357-109 Street Edmonton, AB, Canada, T5J 1N3