New cloud software is enabling water supply companies to bill their customers based on their water usage, bringing major benefits for both water companies and their customers.
Texas water supplier Ranch Hills Water Supply Corporation increased monthly recurring revenue by about 26% and cut billing time by approximately two thirds using the Datagate cloud-based billing and monetization platform to manage usage-based billing.
The Datagate cloud billing platform enabled Ranch Hills Water Supply Corporation (RHWSC) to switch from a flat fee to usage-based billing. Datagate connected the water reading system Kamstrup READy Manager™ with Xero accounting software used by RHWSC – a capability RHWSC could not find anywhere else.
“We needed to go to a true water usage-based billing process, which would require a “bridge” between the water meter reading software and the accounting software we use – Datagate was the answer,” says Laurie Sheranko, Treasurer/Secretary for Ranch Hills Water Supply Corporation.
For RHWSC, Datagate was the crucial piece of the new billing process that now allows the company to keep up with necessary repairs and maintenance. The water meters are read electronically each month by Kamstrup READy Manager™. Datagate then takes that information and generates the invoices. This alone is a time saver, but Datagate goes a step further by importing the invoices into RHWSC’s accounting software, Xero. This provides electronic monitoring of water consumption, so customers pay for what they actually use.
“I would recommend Datagate to other water suppliers. It’s a speedy, cost effective way to link meter reading software with your accounting system – the perfect solution,” Laurie Sheranko says.
Datagate’s cloud technology is enabling a new usage economy, where consumers only pay for what they use instead of smaller users subsidizing heavy users, says Datagate CEO, Mark Loveys.
“Usage-based billing can bring lower charges for smaller users while increasing recurring revenue and lowering costs for the water company,” he says.
Datagate can quickly and easily accommodate rate structure changes as necessary. Datagate also makes it simple to create an array of pricing plans, allowing suppliers to vary charge rates based on customer contracts or profiles.
About Datagate Innovation
Online billing portal specialist Datagate Innovation gives water supply companies a speedy, cost effective way to link their meter reading software with their accounting system. Datagate’s online billing portal plugs into the usage data feeds of water supply companies and manages the data aggregation, rating, billing and analysis of water usage. Now it’s easy for water supply companies to join the usage economy with true water usage-based billing.
Built on Microsoft Azure, Datagate is gaining rapid market momentum based on cost, ease of implementation and the ability to handle very complex variable billing and management of virtually any service or utility based on usage – including data, telecommunications, electricity and water.
Read the RHWSC case study to see how Datagate linked Kamstrup READy Manager™ water metering software with Xero accounting software, cutting billing time and increasing recurring revenue.
Released by Sayle Noble & Associates on behalf of Datagate Innovation America Inc.
For more information, please contact Datagate’s Greg Robinson on U.S phone 904.300.3783, cell phone 904.305.0909.
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