It means the sector demands a powerful and reliable Accounts Receivables (AR) system—and a system that understands its unique needs. So we built it.
Welcome to a world of AR functionalities tailored to the energy and utilities industry—so you get paid faster and easier. They include:
Billing that adheres to local, state, and national regulations, incorporating any mandated rebates, subsidies, and charges.
Automate billing and proration for consumers and enterprises connecting or disconnecting from services during a billing cycle.
Structured channels for consumers and businesses to query and dispute bills, ensuring swift resolution.
Automate notifications re: upcoming bills, maintenance schedules, and potential outages.
Structured payment types—including pre-paid, post-paid, and installment-based options—that cater to diverse customer bases.
Handle and track security deposits, ensuring timely refunds or adjustments.
Automatically reconcile payments against outstanding bills.
Accurately calculate and apply relevant taxes and surcharges, like environmental levies and grid maintenance charges.
Dedicated online hubs for consumers and businesses to check consumption data, pay bills, and report issues.
Immediate boost to our cash flow by automating the dunning—and my CFO is freed up for the pitching and growth work that matters.
Revenue grew just from using Nova—and costs are dropping. The real-time intel means more nimble decisions in a volatile market.
We lifted revenue by 12% in the first quarter, we spend less getting paid, and we’re now making data-driven decisions.