Expense Management Firm Identifies Suspects in Skyrocketing Utility Costs
April 5, 2005
Cincinnati, Ohio - April 5, 2005 - With energy prices expected to continue skyrocketing, matched by a rise in consumption, top businesses leaders must continue to seek better ways to proactively manage and mitigate the effects one of the top costs of doing business - energy. At the Edison Electric Institute (EEI) National Accounts Workshop this month, leading government agencies, along with energy and facility professionals from top North American businesses and energy suppliers will converge in Las Vegas to discover how energy management practices can improve both the bottom line and the environment. The message Cadence experts are taking to the show: Now is the time to implement a comprehensive and proactive energy strategy.
Cadence CEO Jeffrey Hart explains that multiple site businesses have a common symptom: too much data and not enough insight. Actionable energy data enables CFOs and operations executives to bring a performance management approach on the individual site level and at the macro corporate level to what has been seen in the past as an uncontrollable growing expense. This knowledge enables unprecedented proactive management.
"We realize that time is of the essence, and time is the most precious commodity of any business or individual. In today's economy, management of time is truly a critical factor," Cadence CEO Jeffrey Hart says. "Cadence Network is designed to provide the data visibility and knowledge needed to find hidden drains to the bottom line, assist in prioritizing site selection and site updates, save energy, save water, save gas - and ultimately time."
"When you keep time, you save money," Hart continued. "By leveraging Cadence's experience in energy procurement, and monitoring and fixing billing anomalies, companies will see a tangible benefit in the bottom line, while at the same time concentrating on their own core competencies."
To demonstrate the process, visitors to the Cadence booth will play an energy version of CBS' hit show CSI, dubbed ESI (Energy Savings Investigators). The investigators will have players using utility statistics in an attempt to uncover the identity of a large mystery organization.
About Cadence:
Cadence Network, Inc. is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, government, restaurant, retail and grocery industries. Cadence is recognized as an Energy Star Partner by the United States Environmental Protection Agency. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business - electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, Web-based software applications and professional services.
CONTACTS
Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com