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How to know if your business energy strategy is effective

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The most important part of your strategy is being able to assess and prove whether it works.

Demonstrable data is essential for the ongoing success of a strategy. It is likely you will already have access to some data if you know there’s a need for something to be done about your business’ consumption. 

However, tools such as SmartVu can provide a much clearer, real-time view of energy usage and carbon consumption, helping you measure the impact of your strategy with greater confidence.

Ensure you have a baseline for the key performance indicators (KPIs) you’ll be measuring as part of your situational analysis, which introduces the need for your strategy. Your KPIs will mainly be determined by what your objectives are.

 

 

 

For example, your baseline data may show that one of your buildings consumes more kilowatt hours (kWh) than others. As such, one of your strategy objectives could be to bring this building’s usage in line with the rest of the business to consume less energy. The KPI to measure whether your strategy is having an impact would be this errant building’s consumption each month versus the same month the previous year.

Using SmartVu, you can track this performance more easily, identify unusual spikes in consumption and monitor progress as changes are implemented. If the building has consumed less, the strategy is having an impact. If not, you may need more time or to put more effort into that workstream.

Reporting & presenting your findings.

Once you have identified the correct KPIs to determine your strategy’s success, it’s time to create a report. This can be accomplished in a Microsoft Excel spreadsheet, although SmartVu can help simplify reporting by presenting energy data in a clear, easy-to-understand dashboard.

Once you’ve made a no-nonsense report that your Financial Director will love, you need to decide how often it is produced and who needs to see it. SmartVu automatically produces regular reports that can be fully customised to your organisation’s preferences and needs. This helps keep front-of-mind your key achievements and means they’re ready to present whenever you’re asked about your progress, with the click of a button.

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Frequently Asked Questions

We hope these questions help, if you’re still unsure, please get in touch with us and we can answer your question.

Procure Smart is a dedicated team of switching experts, created to help businesses like yours switch key areas of expenditure to save money.

Procure Smart’s team have been saving businesses money for more than 10 years.  We understand that leaders are under more financial pressure than ever.

As a result, we have created a super-easy process for our experts to gather the necessary information to assess your costs and investigate savings, fast.

Speak to us today for a FREE, no-obligation assessment.

Smarter business switching.

Just like comparison websites, Procure Smart earns commission as a proportion of your spend for each referral we make to a supplier.  For most service types, we will not bill you directly.  More detail can be found in our terms and conditions.

Procure Smart is a distruptor in B2B switching.  We are doing things differently to put more power in the hands of UK businesses and make switching faster, simpler and more transparent.

We will reach out to contact you and establish your needs without pestering you excessively.  From there, we’ll present prices and explain our recommendation.

Our Procurement Solutions Managers are experts at what they do with decades of experience in contract negotiation.

We do much more for customers than simply provide great deals.  From advice on the market to negotiating plans with suppliers, Procure Smart has helped many businesses access contracts who would otherwise have been left on out-of-contract rates.

We’re always pro-actively engaging with suppliers and the market, meaning we can advise on the most advantageous time to switch contracts.

As with most procurement processes, larger purchases can result in improved deals via economy of scale.

However, this can lead to incredible levels of complexity.  That’s where we come in, taking a painful task off your hands and handing it to an expert with access to systems and relationships to accelerate the process.

You can negotiate a new contract no matter the stage of your deal.  New deals can concurrently run automatically following your current contract.

It is important to note that agreed contracts are legally binding and must be honoured.

Switch Savvi is smart enough to handle out-of-contract customers.

The system will set your live date to the earliest possible date with your chosen supplier.  This is usually approximately 5 days from now. 

This is all subject to lock-in confirmation with your chosen supplier.

NOTE: switching suppliers can be blocked by your current supplier even if you’re out of contract in the event that you have unpaid debt on your meter.

The best way to reduce costs is to reduce usage!

We can help you create a holistic energy strategy, which will assess all commercial options, including energy management.

From technology to monitoring to renewable generation, we can help you plot the most efficient way forward.

Not immediately, but soon.

Once your contract has passed our quality checks, it will be sent to the supplier to be “locked-in”.  This process takes less than one business day.  If you have completed your deal on Switch Savvi Mon-Fri, we will contact you within 24 hours with any issues. If it’s a weekend, we will contact you on Monday with any issues

Once a supplier confirms a deal is locked in, Procure Smart’s Quality Team will email you with confirmation.  At this stage you have legally agreed the contract in line with Procure Smart’s terms and conditions.

At this point, you have switched savvi!

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