SOURCE: NWP Services Corporation

NWP Services Corporation

November 01, 2011 09:00 ET

NWP Services Corporation Introduces Common Area/Vacant Meters Variance Analytics

Utility Analytics Transform Data Into Knowledge Supporting More Informed Business Decisions

IRVINE, CA--(Marketwire - Nov 1, 2011) - NWP Services Corporation (NWP), a leading provider of smart solutions to lower operating and utility costs for the multifamily housing industry, today announced the introduction of Common Area/Vacant Meters Variance Analytics within the company's UtilitySmart product family. Customers can now analyze more than 100,000 meters and determine consumption, cost and rate variances to prior years and prior months within seconds.

Due to rapid improvements in technology, utility information is currently coming from instrumented, interconnected meters transmitting real-time data about fluctuations in everything from market demand to the weather. However, that highly strategic information is delivered as raw data through multiple unstructured channels including mail, email, social media, and smart phone applications. The challenge facing property owners and portfolio managers is how to harness this information to drive an integrated, consistent and reliable utility management strategy that serves as a strategic asset for the portfolio.

UtilitySmart targets one of the largest property operating expenses: utilities. Owners can control, manage and plan utility spend with greater precision. This cutting edge product delivers over ten intelligent modules that align to create a suite for the specific location and dynamic of your properties. Modules range from business intelligence to vacant recovery, each delivering a calculated return based on years of performance data.

As part of NWP Service's UtilitySmart product family, Common Area/Vacant Meter Variance Analytics turns the massive amounts of utility information that portfolios already have into actionable intelligence linked directly to utility management and cost control objectives. NWP's Common Area/Vacant Meter Variance Analytics module provides real-time data and analytics through 24-hour monitoring and real-time notification.

"Market leaders need to know what is happening now, what is likely to happen next and what actions they should take for optimal results," said Jim Charles, senior vice president of product management and engineering at NWP. "NWP's analytics tools give management the tools to link utility data to a set of discrete actions that drive efficiencies and cost savings across an entire portfolio."

"Top performers approach business operations differently from their peers" said Mike Radice, CEO of NWP Services Corporation." Specifically, they put analytics to use in the widest possible range of decisions, large and small. The correlation between performance and analytics-driven management has important implications to portfolios whether they are seeking growth, efficiency or competitive differentiation."

NWP will be demonstrating UtilitySmart in Booth #420 at the upcoming National Multi Housing Councils Annual Apartment Operations and Technology Conference & Exposition on November 7-9, 2011 at the Hilton Anatole in Dallas. To learn more about Meter Variance Analytics or request an online demonstration email multifamily@nwpsc.com.

About NWP Services Corporation: Headquartered in Irvine, California, NWP Services Corporation (NWP) provides smart solutions to lower operating and utility costs for the multifamily industry including resident billing, resident payment, utility management and MRO. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. NWP's Resident ePay service allows residents to pay rent, utilities and other charges online or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps owners and operators optimize utility spend and MRO Manager lowers operating costs and improves service, increasing in Funds from Operations (FFO), Net Operating Income (NOI), resident satisfaction and the asset value of multifamily properties. Additional information is available at www.nwpsc.com.

Contact Information

  • Contact for NWP Services Corporation:
    Mark Gentile
    949-253-3287
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