Ratio Utility Billing with VITALITY
Reduce Operating Expenses
If you’re seeking a streamlined and cost-effective approach to managing utility costs, look no further than our cutting-edge Ratio Utility Billing (RUBs) solutions. Our RUBs system is designed to transform the way you handle utility expenses, offering a transparent, efficient, and cost-effective method that is tailored to the unique needs of property managers, landlords, and housing associations.
Improving Ratio Utility Billing (RUBs) with Detailed Accuracy
Ratio utility billing is a popular method for distributing utility expenses. It takes a number of factors and uses them to determine the percentage of the bill that each tenant is responsible for.
This method uses factors like the number of occupants, the size of the building, each tenant’s square footage, and the type of business occupying the space to determine the distribution of the utility costs.
Are you missing out on these benefits?
- Increased Profitability
- Transparent Billing Methods
- Equitable Cost Distribution
- Scalability for Growth
- Automated Processes
Ratio Billing Using Occupancy
Ratio Billing Using Sq/ft
Ratio Billing Using Both
Occupancy ratio billing bases the percentage charges off the number of occupants in a location. For instance, if Unit A has 1 tenant and Unit B has 3 tenants; Unit A would be charged 25% of the total consumption while Unit B would be charged 75% of the total bill.
Square footage ratio billing charges tenants based off the proportionate square footage of a unit. For example, if Unit A is 1000 sq/ft and Unit B has 1500 sq/ft; Unit A would be charged 40% of the total bill, with Unit B being charged the rest
The VITALITY platform allows for users to combine a percentage of square footage and occupancy to allow for accurate billing and measuring.
