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Last updated on April 18, 2014 at 21:21 EDT

Ameresco AXIS Offers Streamlined Utility Billing Management for Energy Managers

October 13, 2008

FRAMINGHAM, Mass., Oct. 13 /PRNewswire/ — Ameresco, Inc. today unveiled its new comprehensive billing management system, AXIS, which is designed to streamline the utility payment and energy analysis processes for large companies with improved reporting accuracy and relevance. The energy solutions provider introduced the new system to energy managers at the Edison Electric Institute’s Fall National Key Accounts Workshop conference in Las Vegas.

AXIS allows customers to track utility spending, capture data and conduct analysis, generate all-inclusive reports and reduce costs from human error. The program combines billing management and energy benchmarking in one comprehensive system.

“We’ve learned that a company that has control of its energy information, analysis and carbon emissions is one step ahead of the pack when it comes to energy management,” said Mark Feichtner, Vice President, Ameresco. “AXIS uses advanced technology to increase the speed and accuracy of data capture, allowing companies to stay on track with their energy performance goals.”

Organizations with multiple locations face the challenge of compiling and paying bills from many different utilities and industries in different municipalities and multiple locations. Previous billing management systems resulted in high rates of human error during data entry and in late fees associated with delayed payment. AXIS reduces human error from the utility billing management equation. Its advanced optical character recognition (OCR) technology captures 100% of data on 98% of bills. Other billing management systems could achieve only 30% capture on 70% of bills. AXIS’ OCR technology results in a process time of less than 24 hours.

In addition to offering the highest accuracy on the market, AXIS offers ENERGY STAR benchmarking capability. This allows energy managers to assess how efficiently their facilities use energy relative to similar buildings nationwide and helps identify areas for improvement.

To help customers meet Kyoto Protocol requirements, Ameresco has developed a Carbon Management Program and incorporated it into the AXIS system. There are two options for carbon reporting: Limited Scope Indirect Emissions and ISO 14064 Compliant Carbon Footprint Analysis.

Ameresco’s Utility Information Management and Analytics Division is the leading edge supplier of data capture, bill payment and information analysis for utility and other facility related expenses.

About Ameresco

Ameresco, Inc. is the largest independent comprehensive energy solutions provider in North America. Headquartered in Framingham, Mass., Ameresco uses innovative strategies, systems, and technologies for renewable and sustainable energy generation and infrastructure renewal, thereby reducing operating expenses, increasing energy reliability and independence while enhancing the environment.

Ameresco, Inc.

CONTACT: Jeanette Coleman-Hall of Ameresco, Inc., +1-508-661-2230

Web site: http://www.colehourcohen.com/