In our related article “Challenges for renewable energy providers – delivering accurate billing”, we discussed the challenges faced by renewable energy installers and utility providers with regards to billing. Here we explain how NetSuite can streamline the billing process.
With the advent of ‘micro’ and ‘macro’ generation taking place ‘in-situ’ at residential, commercial or industrial locations, if you have agreed to install a generator at no/low cost, on a long-term lease or guaranteed use contract, you have to bill the client, with the added requirement to bill Ofgem for the energy generated (whether for heat or electricity) to receive the ‘feed-in-tariff’.
Fortunately, the administrative burdens of use-based billing, recurring billing, and invoicing Ofgem, can be solved by implementing the right technology. NetSuite has some very useful features that can help:
Use-based and recurring billing
Whether it is receiving old-fashioned meter readings or syncing with a smart meter, NetSuite can run a billing schedule across thousands of customers to issue accurate and appropriate invoices, as well as create a Direct Debit instruction to draw the relevant amounts.
Quarterly roll-up report of generation for Ofgem
Whilst you may bill your customers monthly, Ofgem will only receive an invoice quarterly. As such, NetSuite can use the invoices already created to generate a report which you can then easily and quickly input into the Ofgem system. They then receive a fully audited and accountable sum which can then be paid to you.
If you would like to find out more about how NetSuite could help with the challenges associated with accurate billing, then please don’t hesitate to get in touch with one of our experts.
Please leave your comments below, and share this article with your colleagues.