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Budget Variance
Analysis

Learn if your energy bill has exceeded its budget and fix cash flow issues before they become problems.

Once the budget has been created, a BVAR is used to:

  • Manage cash flow.
  • Confirm operating costs across the year and avoid hikes or spikes to tenants.
  • Benchmark based on cost / square foot, consumption / square foot, or your own unit e.g cost / bed (hospital).

Next we compare the benchmark to the actual monthly bill so you can:

  • Identify effects on cash flow as early as possible.
  • Understand how and why budget variances happen and take appropriate action.
  • Re-forecast to the end of your fiscal period to ensure pro-forma income statements are always up-to-date and reflect the most recent changes.
  • Report consistently across a portfolio of sites.
Budget Variance Analysis

Making sense of the energy market

Operations staff

For Operations staff this means you can:

  • Identify exactly how the weather affects a site’s usage.
  • Identify the effect of operational changes.
  • Have consistent and immediate access to the status of your budgets.

For Managers, BVAR’s mean you can:

  • Save time and staff salaries creating budgets and reporting variances.
  • Build a standard reporting system across your entire portfolio of properties through ‘at-your-fingertips’ on-line knowledge of performance against budgeted values.

Having immediate, consistent and detailed reporting on budget deviations allows you to level them out across the year, keep tenants, auditors and shareholders happy and save money. Now that makes sense.