A cloud-based utility management solution that allocates, tracks, and bills utility expenses accurately within multifamily properties.
Vendor
ResMan
Company Website
The ResMan Utilities solution supports the management and allocation of utility costs across multifamily properties. It is designed to calculate, apply, and track utility charges based on configured allocation rules and property-specific setups. The solution integrates with resident accounts and accounting workflows so that utility charges are applied consistently and reflected accurately in billing records. Its primary purpose is to reduce manual calculations, support transparent utility billing, and ensure alignment between usage data and resident charges.
Key Features
Utility Charge Allocation
Distributes utility costs according to defined rules.
- Configurable allocation methods
- Support for shared and individual utilities
Automated Utility Billing
Applies charges directly to resident accounts.
- Scheduled billing processes
- Reduced manual entry
Usage and Cost Tracking
Maintains utility-related records.
- Utility expense history
- Charge auditability
Integrated Accounting Workflow
Aligns utilities with financial records.
- Charges linked to accounting data
- Consistent ledger entries
Rule-Based Configuration
Supports property-specific utility setups.
- Custom allocation formulas
- Portfolio-level consistency
Benefits
Billing Accuracy
Improves correctness of utility charges.
- Reduced calculation errors
- Consistent application of rules
Operational Efficiency
Decreases manual utility processing.
- Automated charge generation
- Less administrative overhead
Transparency
Supports clear resident billing.
- Documented utility charges
- Traceable cost allocation
Financial Control
Improves oversight of utility expenses.
- Centralized utility data
- Better expense reconciliation
Scalability
Supports multi-property utility management.
- Standardized processes
- Central configuration options