Solution: At Prenova, best practices are incorporated into all initiatives, and our budgeting and forecasting process is no exception. Our Budgeting and Forecasting service begins with the integration of our cleansed and enriched historical utility bill data (electricity, gas, water, and more), which is then merged with all other solution output information from a customer’s contracted solution set. Our energy management solutions are tightly integrated - we have developed a highly automated and linked set of processes to analyze that information separately and as a whole.

An accurate budget is only as good as the supporting detail behind it. Simply having historical utility spend does not assure precision in setting a baseline that will be relevant over the budget period. Prenova warehouses any and all levels of energy and customer information. Our budget and forecasting service in terms of analyses, assessments of opportunities/risk, actions and measurable returns are limitless. This allows Prenova to recommend and provide other detailed analytics to facilitate decisions related to resetting a baseline or updating a forecast due to pinpointed situations identified at the location level. The fact that we warehouse more information than any other vendor puts more information and decision-driving capability at the disposal of our analysts than would be available to conventional energy analysts. This directly results in more robust and precise budgets and forecasts.

Outcome: Prenova’s Budgeting and Forecasting solution will add precision to baseline calculations for all aspects of budgeted energy spend, from pricing, to energy-related capital expenditures, and variations in weather and changes in operating conditions. We are flexible in our approach, and this allows us to ensure that customers can comply with corporate reporting requirements, and have the ability to create timely and precise forecasts from the original budget. Customers gain a level of visibility and insight that helps develop better strategies for Energy Management , Risk strategies , and Climate Protection . Our proven processes and tools produce the most optimal baselines from which to measure ongoing improvements.