Energy Management Firm Continues To Save Time, Gain Control for Business
July 14, 2005
Cincinnati, OH – July 14, 2005 – With business leaders listing energy management as one of the “top three threats” to business growth, Cadence Network continues to provide a competitive advantage to more and more multiple site organizations. Today, Cadence Network CEO Jeffrey Hart proudly announces that the firm has brought over 200,000 sites into its watch.
The Cincinnati firm, founded in 1997, is the leading energy and operational expense management firm in the United States, and works with multiple site business and government entities to reign in operations expenses – the third largest cost of doing business. Now at work in over 200,000 locations, more sites than ever before are being proactively monitored for billing errors, spending anomalies, and usage waste. “Reaching this milestone is a testimony to Cadence’s accuracy and consistency.” said Hart, “Customers use Cadence for its ability to produce results and tremendous savings.”
Recently, through its utility invoice audit systems and processes, Cadence discovered that the kilowatt demands for one store of a 5,000 store chain was approximately three times as much as the other stores of similar size and kilkowatt/hour usage. After Cadence performed an on-site visit, the discovery was made that the store’s meter continued to accumulate kilowatts forty-five minutes after being reset, charging additional unused kilowatt to the store. Armed with this data, Cadence acquired a rebilling for the chain from its vendor, which resulted in a $246,000 cash refund.
“Good news travels fast. Word is spreading throughout the industry of Cadence’s ability to create savings for multiple site companies.” Hart said, “We continue to provide CEOs and CFOs the strategic results they need to gain control of their operational expenses. Cadence Network is a significant competitive advantage to operations management and even fulfilling stringent Sarbanes-Oxley regulations.”
About Cadence:
Cadence Network, Inc. delivers comprehensive utility, telecommunications and lease facility expense management to chain stores, multiple site businesses and government. The people, services and software of Cadence Network proactively enable business and government to gain control over electric, gas, water, waste, lease and telecommunications expenses by streamlining such services as invoice auditing and payment, rate analysis, and procurement. At work in over 200,000 locations nationwide, Cadence Network is a EnergyStar Partner of the United States Environmental Protection Agency and a proud supporter of The Arbor Day Foundation.
CONTACTS
Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com