LOMBARD, Ill.--(BUSINESS WIRE)--American Utility Management (AUM), the premier provider of energy services and utility management for the multifamily industry, announced today the release of its AUM Budget Forecast 2.0. This software is an upgrade to the company’s first Budget Forecast tool and offers multifamily clients more flexibility and clarity with their energy usage data.
With AUM Budget Forecast 2.0, multifamily owners can develop an extensive and detailed energy and utility budget that tracks all spending factors and any variances that could affect a budget. Categories tracked include specific properties in a portfolio, budget type (pure expense or expense/usage), and the forecast year. Once a budget type is chosen, owners can determine the amount of historical energy data to pull and can then manipulate the data and input options to forecast a budget. Owners will be able to track and create budget percentage increases, expenses, rates and usage throughout their multifamily portfolio.
“Energy costs are the third largest expenditure for multifamily owners,” says Michael Miller, CEO and President of AUM. “The ability to effectively manage this expense is critical to increase net operating income, a priority for every property owner. At AUM, we provide our clients with the ability to manage their energy and utility expenses, lower costs through reduced energy usage, and make it easier for them by organizing the massive amounts of data we collect on their behalf. By creating a ‘decide and approve’ model, owners can spend minimal time deciding exactly what their energy budget should be, based on historical data.”
By using AUM Budget Forecast 2.0, owners will have the flexibility to export their budget forecasts into Excel or publish the saved budget to their secure cloud AUM Budget tables for real-time review and management based on utilities received and processed.
“The ability to manipulate budgets into the cloud was an important requirement for our client partners,” says Dave Carpenter, Executive Vice President at AUM. “By publishing their energy budgets, property owners now see their budget working 24 hours a day, seven days a week. Being able to review their energy and utility budgets versus what was forecasted as bills are processed by AUM allows them to make changes quickly to better manage that expense.”
About American Utility Management
Founded in 1994, American Utility Management (AUM) provides comprehensive energy services to the multifamily industry. The company prides itself on driving bottom line savings for its clients through its energy management, bill processing, and resident utility billing services. AUM uses its proprietary technology and data to create custom energy solutions that allow multifamily management to lower their energy usage and save money. The company distinguishes itself through its knowledgeable and experienced professionals who provide all services in-house without outsourcing to other companies. AUM advises management of over 500,000 multifamily units across the U.S. For more information on AUM, please visit www.aum-inc.com or call 800-418-5393.