Managing large portfolios can be a real headache. So we thought we’d fix that.
Consider for a moment the characteristics of a typical large multi-site portfolio. If you’re a broker, you’re probably already feeling the initial hints of an oncoming migraine. You know the challenges in managing and aligning energy procurement for a large-scale business, particularly one that may have grown quickly through acquisition. A high-street restaurant business, for example, is a prime example of a corporate entity whose diverse regional presence and unpredictable expansion (or contraction!) plans can lead to a series of laborious and highly complex energy management tasks.
As a broker, winning the custom of such a business is a step towards good returns, future growth and a recognisable household name to add to your collection of references. But without examining the challenges of taking on a major retail business, TPIs often fall short of expectation and crack under the strain of administering multiple sites, multiple suppliers and numerous meters.
High street chains by their very nature operate in highly competitive environments. Today’s hot brand becomes yesterday’s news; and with it the opening and closing of premises is a regular occurrence. In the past, anyone managing 50+ site portfolios of this nature tends to be drowning in spreadsheets, spending countless hours attempting to align meter live start & end dates, manage change of tenancy situations on a frequent basis and ultimately attempt to simplify the procurement strategy of the company through intelligent purchasing and the cost efficiencies that can be gained through corporate tendering.
Excel isn’t good enough. 2 dimensional spreadsheets are a stop-gap at best for brokers looking to succeed. Managing costs through efficiency and process is key in this highly competitive brokering sector. We always knew this, and that’s why we entered the market with a multi-site product, covering corporate tendering as well as SME. And we’ve built, and we’ve built, and we’ve built – to shape cloud software products which serve 100-site customers as fluently as single-site SME. For us, effective portfolio management needs a set of tools that just work. Monitoring registrations & terminations. Tracking every site, every meter, every consumption change. Automatically generating consumption requests and commission reports. Tendering to all suppliers for alignment of multi-site contracts. Deal tracking. Activities & tasks. We’ve built it all.
We are delighted to be sharing in the success of our multi-site clients by providing a tool which changes the way the industry deals with procurement. And we’ve got a lot more up our sleeve.