If you need to convert consumption data in to monetary units, the financial analysis tool allows you to do just that. It provides you with a centralized way to manage and store tariff and contract information and allows you to apply it to the relevant site within the software program.
Once the report is run for a specific contract, any consumption data is simply converted to the exact monetary units, based on supplier contract breakdowns.
With the financial analysis software tool, users can now store supplier contract information, based on the variety of tariff structures that are found in the software. You can also include validity dates to the different contracts. It is also possible to record and save historical data, allowing the user to do a retrospective analysis of the information, and all the data that is available, for a specific contract that has been stored to the system.
The program also allows for specific tariff details, and allows for very specific breakdowns, down to 15 minute changes in rates, and will also include the unit, as well as the fixed charges. The software is also capable of producing a revenue contract; this can later be taken and used for tenant billing processes as necessary within an organization.
When the user is reporting the information, they simply have to select whether they want to view the information through the total cost, or whether they want to view information and conduct a full tariff analysis report. Once selected, the tariff structure is referred to, and will be applied to all relevant metering data that is found. By doing this, an accurate and detailed report is produced, and users can review a full breakdown of the information of all energy costs that have been incurred in that specific financial report.