How do you lower my utility expense and gain
more control over my utility payments?
RealPage:
• Uncovers the portion of “vacant” energy expense that
is actually due to theft.
• Exposes late fees and other line items that aren’t
captured through in-house data entry processes.
• Allows you to choose from exible funding options.
Frequency, who initiates, accrual calculation
methods and fle formats can all be customized to
ft your needs.
• Tracks each step. If desired, your invoices and
payments can be followed throughout the payables
process with imprinted code and status reports.
• Ensures accuracy with quality controls for data
entry—over 300 validations—and includes
statistical data quality program and dedicated
Quality Assurance group.
• Establishes additional checkpoints and thresholds
to ft your needs, setting dollar limits to ensure
you don’t overpay.
• Views and approves work ow exception
queue—approve, deny, send questions back to our
Invoice Desk, or place on hold.
• Money is typically routed through
a Federal Reserve Member Bank.
What are your late fee guarantees?
RealPage’s late fee reduction claim is not just in our
marketing material, our contract actually backs it up. We
research and reimburse customers for material late fees
that result if we fail to process in a timely manner. And we
report your late fees via monthly performance reports and
online reports that are available on demand, while most
others don’t even track late fees at all.
What steps do you take to ensure
accountability and secure my nancial data?
As a publically traded company, RealPage takes every
precaution to protect your data. Our pledge is backed by
the highest level of industry certifcation. In addition, all
transactions are conducted through FDIC insured
fnancial partners who are audited regularly by the
Federal Reserve, FDIC, SEC, third party auditors and
KPMG. This is important, because in early 2013, two
payables companies made headlines when they
declared bankruptcy after employees embezzled $25
million and $17 million respectively from their customers.
Furthermore, the partner model provides unmatched
accountability, with RealPage managing the program for
you. Multiple data checks, redundant data storage and
superior service levels by the leaders in each respective
business provides you with the best-in-class utility invoice
management solution.
What steps do you take to prevent shutofs?
RealPage’s system automatically ags missing bills when
they don’t arrive when expected. Our team of research
and resolution associates prevent shutofs by proactively
working to track them down and immediately addressing
any notices from the utilities.
What is your average processing
speed for an individual invoice?
RealPage processes every bill it receives, every day of
the year. Our average time to process a bill is 0.67 days,
and getting faster all of the time! Our systems provide
fully transparent date trails for each step in the life of a
bill. All of this information is available on our website and
in detailed monthly performance reports provided by
Account Managers. Our speed and accuracy mean less
late fees, shutofs, balances carried forward, deposits, etc.
and better, faster information in your hands sooner. It also
allows more time to research and handle any exceptions.
How much experience do you have
in invoice management?
RealPage Utility Management currently serves more than
6,450 properties representing more than 2.1 million units,
and processes more than 4 million invoices totaling more
than $1.4B dollars each year! Our beginnings stretch back
to 1994 for resident billing, and 2001 for invoice processing.
Our management team has extensive experience in all
facets of utility management, invoice processing and
bill payment services as well as senior-level multifamily
management experience. Our overall experience in all
things related to Utility Management is unsurpassed
in the industry!
How big is your benchmarking database?
We know you want to be sure you are benchmarking against
a large sample set. That’s why RealPage’s data warehouse
currently allows you to compare your properties to over
3,100 properties throughout the United States. You will
soon be able to compare your properties using data derived
from more than 4 million invoices processed annually from
6,400+ properties in nearly every state!
What evidence do you have to back up your
claim to have great customer service?
Ask them how they’re rated by The Better Business
Bureau. RealPage has 3 times less complaints fled with
the BBB over the last 3 years than our main competitors,
even though we serve more residents than either of them.
RealPage also has extended hours of availability. In fact,
the RealPage resident service hotline felds 20% of resident
inquiries during hours while our competitors are CLOSED.
What opportunities do you provide
for ongoing customer education in the
eld of utilities?
RealPage is a leader in giving back to the apartment
industry and helping our customers keep current on
best practices and changing regulations in the area of
water, waste, and energy management. Ways we do that
include our Journal of Utility Management magazine, our
annual Energy Summit with special guest speakers, our
formation of the Utility Management Advisory to help
you collaborate with peers.
How many attorneys do you have focused on
multifamily utilities and how much experience
do they have?
RealPage has several attorneys on staf. We have the
strongest, most experienced, nationally active legal bench
in multifamily involved in utility management regulations
and legislation. Our expert attorneys have over 80 years
combined experience.
How do you guarantee business continuity in
the event of a disaster?
RealPage has fully redundant processing centers and
systems designed to keep your data safe. If you would like
additional information on the RealPage continuity plan
please contact your account representative.
What does your program ofer to help me get
actionable energy management content and
reduce my utility consumption?
Two big features that RealPage ofers are Alert
Management and Scorecard.
One alert that our customers are excited about is our Email
Alerts feature. These are proactive alerts that go out to
your communities with actionable advice for pinpointing
consumption that has spiked way up or down—month
over month and year over year—for electricity, natural gas
or water. But even more customers have told us they are
really excited about our alert management and research
service, where we go the extra mile, calling the utilities and
your communities to investigate root causes. Then we log
the results and provide you with a report so you can take
action or follow up if needed.
The second feature is our Scorecard, which, along with our
Energy Management team, helps you fnd the high-value
opportunities for investing in capital improvement projects.
One thing that’s diferent about our Scorecard, compared
to some of out competitors, is that it calculates the type
of green savings you can put in your wallet—the potential
dollars on the table— and not just the kWh, therms, or BTUs.
The Scorecard shows each property’s annual consumption
and gives an at-a-glance indicator (A, B, C, D) of how
effcient each property is. It shows the Annualized Potential
Savings if the consumption is lowered to A level.
If the vendor you're considering can't answer these questions, put RealPage
Utility Management to the test and get the satisfaction you deserve.
For more information, visit:
www.realpage.com
or call 1-87-REALPAGE
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