We’re noticing an increased desire for a single source of truth for energy data management and all that encompasses, most recently amplified by the unique situation created by COVID-19.
ATLANTA (PRWEB) October 19, 2020
Urjanet, the global leader in utility account aggregation, and EnergyWatch, an energy and sustainability management software provider, today announced an integrated solution combining granular, line-item utility invoice data with a comprehensive, customizable reporting system. This certified integration between Urjanet and EnergyWatch's platform, Watchwire, builds on an eight-year partnership and is a valuable tool to help industry professionals report and act on their organization's energy, waste, water, and emission metrics.
“With clients across multiple vertical markets and geographies, we’re noticing an increased desire for a single source of truth for energy data management and all that encompasses, most recently amplified by the unique situation created by COVID-19,” said EnergyWatch Partner and Managing Director, Andy Anderson. “As the workforce re-enters office spaces, there are concerns over the impact of indoor air quality safety measures on energy consumption and emissions. Through our partnership with Urjanet, we’re able to provide the most granular data possible in an intuitive, usable format to serve as the foundation for operational trend reporting, benchmarking, sustainability reporting, procurement, and facility-level engineering insights.”
Data from utility bills is a critical resource for departments across an organization, from accounting and finance to procurement, operations, and sustainability. Buildings in the U.S. spend more than $450 billion annually on energy, representing 40% of the nation’s carbon emissions. Granular utility data can be a powerful tool to help building managers track and reduce energy usage.
Unfortunately, the way that utility data is acquired is often siloed – meeting one department's needs while other departments must rely on what's passed on. This integrated solution collects and delivers utility bill data automatically – auditing and consolidating invoice and interval data across thousands of utility providers – while preserving the quality and granularity of the original bill. The Watchwire platform then offers a seamless data analysis experience with dashboards and reporting customizable to each department.
“Without measuring and monitoring data, you cannot make progress,” said Mattan Sharvit, Corporate Responsibility Manager at Pompeian. “Partnering with EnergyWatch has enabled us to properly and accurately measure, verify, and improve our impact.”
More than 800 private equity fund managers have signed on to ESG and impact investing frameworks such as the UN Principles for Responsible Investment (PRI). Leading investors such as Larry Fink, CEO of BlackRock, continue to demand more granular reporting and accountability from the world's largest emitters. Urjanet and EnergyWatch's certified integration allows the industry to:
- Automatically gather granular, line-item utility bill data to accurately measure consumption, costs, and emissions
- Access customizable reports for departments across the organization within a single source of truth
- Comply with GRI, SASB, GRESB, CDP, and ENERGY STARⓇ reporting standards
"The industry is at a pivotal point in time when companies must demonstrate with verified data that they are making ambitious progress on emissions reduction and climate impact," said Sanjoy Malik, CEO of Urjanet. "Our integrated solution aims to empower sustainability professionals with the actionable data they need to step up and follow through on their commitments."
Urjanet and EnergyWatch will be at SPARK 2020, a virtual event highlighting utility data innovations and corporate sustainability trends, on Thursday, November 5th at 11 am ET. Sign up to join us here.
Urjanet is the world’s leading utility data aggregator, unlocking the power of utility invoice and interval data by connecting to a global network of over 6,500 electric, natural gas, water, waste, and telecom providers, and delivering aggregated, normalized information to meet an organization’s exact utility data needs. We simplify how organizations access and use utility data, enabling you to focus on your business. For more information, visit urjanet.com.
EnergyWatch is an NYC-based energy and sustainability management software-as-a-service (EMSaaS) provider. EnergyWatch provides an enterprise-grade software platform to help companies across every vertical market reduce energy consumption, emissions, and expenses, simplify energy reporting, and measure and verify operational changes and capital projects.
Through EnergyWatch’s EMSaaS, Watchwire, the platform acquires, audits, and consolidates utility invoice data, invoice images, and interval data across thousands of utilities to help clients reduce energy usage and carbon emissions. For more information, visit energywatch-inc.com.