Powerful and precise electronic billing.
Effective estate and portfolio management can lead to significant cost savings. However, maintaining a reliable database, processing and validating utility bills can be demanding on an organisation’s resources. Receiving electronic utility bills can be fundamental for organisations in ensuring data accuracy, alleviating resources, and maximising cost recoveries.
Our Sigma EDI Billing software gives you the power to generate accurate industry standard EDI bills for your customers quickly and efficiently.
The sophisticated Energy Billing Software generates electronic bills from your existing Energy Billing System. It can generate files for any utility in any format including the TRADACOMS industry standard. With extensive distribution tools and flexible invoice designs, your EDI bills can be tailored to meet your corporate brand requirements.
We will work in partnership with you to seamlessly implement Sigma EDI Billing, so you can continue billing, with no interference to your current operations. Our Utility Billing Services ensure that all your billing needs are met efficiently and accurately.
Key features and benefits:
Quick and easy implementation: Our flexible solution will seamlessly integrate into your operations without interfering with your existing billing systems and can fit around existing processes.
- Robust data security: As well as being IS027001 and Cyber Essentials Plus certified, we use open standards to ensure complete privacy and data security through digital encryption, digital signatures and a common AS1 or AS2 standard between you and your customer.
Reduce your costs: In adopting electronic invoice distribution, you can significantly reduce the overheads associated with manual billing.
Improved customer satisfaction: Your customers can process and validate billing data in a fraction of the time usually taken for manual entry, reducing their operational costs. Errors can be eliminated by validating bills prior to customer distribution.
Value added customer service: Online hosted invoices and historical billing information are accessible to your customers at any time.
Flexibility to meet your needs: Suitable for all utilities including telecoms, gas, oil, water and both half-hourly and non-half-hourly electricity data.
Improved traceability: System tracking logs provide you with proof of delivery for all issued bills. The intelligent system records when your message has been read and automatically resends data when required.
- Developed to meet industry standards: The use of industry standards, including TRADACOMS, guarantees consistent and accurate invoice data that can be automatically validated, speeding up your invoicing and payment.
- Complete auditability: The solution is HM Revenue and Customs compatible, supporting the creation of legal paper bills and VAT reports.
- Supports business sustainability goals: Electronic billing operations enable you to employ paperless operations, helping you achieve your sustainability goals.
Energy Billing Software FAQs
EDI (Electronic Data Interchange) billing is the structured electronic exchange of billing information using common, open standards. It involves the computer-to-computer transfer of invoices between two organizations using an agreed industry standard. The process is approved by Revenue and Customs and can be truly paperless. For the process to work effectively, the supplier and customer need to agree on a standard electronic format in which invoices are dispatched and received, as well as a “code of practice” that deals with matters such as change control
Energy billing software, such as TEAM’s Sigma EDI Billing software, helps streamline the EDI billing process by generating accurate industry-standard EDI bills quickly and efficiently. The software can map, process, encrypt, and dispatch electronic bills from the existing billing system. This automation reduces administration costs, ensures compliance with HM Customs and Excise requirements, and speeds up the invoicing and payment proces
In EDI supplier billing, the types of data typically exchanged include billing information such as invoices, payment details, and utility consumption data. The data is structured in a standardized format, such as the TRADACOMS 26 version 3 format, which is the UK standard for electronic billing
Integrating EDI billing with existing accounting or ERP systems involves using software that can seamlessly generate electronic bills from the existing billing system. TEAM’s Sigma EDI Billing software, for example, can generate files for any utility in any format, including the TRADACOMS industry standard. The software ensures robust data security through digital encryption and digital signatures, and it can be integrated without interfering with current operations
Common challenges in EDI supplier billing include ensuring data accuracy, managing the transition from paper to electronic billing, and maintaining compliance with industry standards. TEAM’s utility billing services address these challenges by providing a sophisticated solution that automates the billing process, reduces manual intervention, and ensures compliance with HM Revenue and Customs requirements. The services also include extensive distribution tools and flexible invoice designs to meet corporate brand requirements
Contact us
Call us on 01908 690018 to speak to a member of the team to learn more about how Sigma can help you