Business, IRS Solutions Software, Product Launches, Software, tax software, Taxes and Accounting

IRS Solutions Releases IRS Advance Notice, Innovative Tax Resolution Platform Feature that Tracks and Alerts Users to IRS Transcript Changes

VALENCIA, Calif. -- IRS Solutions® announces the addition of IRS Advance Notice™ (IAN) to the industry's favorite tax resolution platform. The new feature detects and alerts tax professionals to changes on client IRS transcripts, often months in advance of official notification by mail. CPAs, Enrolled Agents, Attorneys and other tax specialists can work less, earn more, and enjoy steady year-round income with IAN.

The Need for IRS Advance Notice

Former IRS agent David Stone and his wife Suzanne founded IRS Solutions in 2011. A practicing Enrolled Agent, company CEO David Stone uses his insider understanding to develop software that effortlessly generates dependable year-round income by meeting the unique needs of tax professionals.

Speaking about IAN, David Stone says, "Merely reacting to IRS maneuvers isn't enough to provide an exceptional level of service. We must be proactive advocates on behalf of our clients. IAN's transcript monitoring provides clients with a sense of security, protecting them against identity theft, fraud, and other potential risks associated with their tax information."

"No more wasting hours manually sifting through complex transcripts and hoping you don't miss anything," adds Suzanne Stone. "IAN automatically spots tiny but critical changes and lets you know they've occurred."

How IRS Advance Notice Works

Included in every IRS Solutions membership at no additional charge, IRS Advance Notice is software that peers into the IRS system for any updates to transcripts; eliminating the need for constant checking and preventing unpleasant surprises. After a simple, one-time setup, users securely connect to the IRS Transcript Delivery System (TDS) through a proprietary and agency-approved integration, then select from a list of IRS transaction codes they want to be notified about.

In addition, weekly transcript updates are fed directly into your client's profile. IAN observes and alerts to changes like:

* Approvals of Form 2848 (Power of Attorney and Declaration of Representative) and Form 8821 (Tax Information Authorization)

* Impending audit

* Federal tax lien

* Installment Agreement modifications

* Offer in Compromise activity

* Passport holds

Annual transcript monitoring with IAN creates an additional year-round revenue stream and cultivates long-term business relationships by positioning tax pros as trusted advisors. Enrolled Agent Emily VanCamp is leading the way.

"We have had lots of interested people signing up for IAN since we started introducing it," she says. "We think we can realistically expect a 20-30% revenue increase by implementing a full-scale IAN plan this year." Promotional materials including website badges and ready-to-use social media images are provided to all members in an exclusive Marketing Toolbox.

About IRS Solutions:

IRS Solutions is specialized tax resolution software that is designed by tax pros for tax pros. With a monthly or yearly subscription, members gain full access to all features; including comprehensive tax resolution tools like IAN, automated analysis with solution recommendations, bulk transcript downloads, and a custom-branded secure client portal.

Learn more at https://www.irssolutions.com/.

Related link: https://www.irssolutions.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, CalCPA, Taxes and Accounting

KROST Is Ranked Among CalCPA’s Top 150 Firms

PASADENA, Calif. -- KROST CPAs and Consultants has been named one of the Top 150 Firms for 2023-2024 by CalCPA. This award recognizes the firm, with 100% membership. The company is ranked 33rd on the list. The recognition reflects KROST's dedication to professional development and the CalCPA organization. KROST is committed to providing clients with exceptional service and innovative solutions to meet their needs. This award is a testament to unwavering commitment to quality.

"I am thrilled to see KROST being recognized for their hard work and dedication with this prestigious award. Our staff members are actively involved with CalCPA and constantly attending events and webinars that they offer. Being a part of the CalCPA organization offers great opportunities in our profession," said Keith Hamasaki, CPA, KROST Principal & Trustee of the CalCPA Education Foundation.

California Society of Certified Public Accountants (CalCPA) was founded in 1909 and is headquartered in Burlingame, California. It is the nation's largest state accounting organization and serves over 45,000 members statewide in public practice, private industry, education, government, and more. CalCPA, with 14 chapters located throughout the state, is committed to the education and betterment of our members and the profession.

Learn more about KROST's services - https://www.krostcpas.com/services

About KROST:

Established in 1939 in Pasadena, California, KROST is a full-service Certified Public Accounting and Consulting firm serving clients across various industries. Their focus is on recognizing opportunities and creating value for clients by equipping them with the tools to make better business and financial decisions for the future. As trusted advisors, clients depend on KROST to provide timely information, innovative solutions, and result-driven teamwork to ensure success.

Along with providing traditional services, such as Tax, Accounting, and Assurance & Advisory, KROST also provides special services, including Client Accounting Services (CAS), Mergers & Acquisitions, Wealth Management, Tax Specialty Services, and KROST Business Intelligence (KBI).

RELATED LINKS:
https://www.calcpa.org/

Related link: https://www.krostcpas.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Software, Taxes and Accounting

EnergyCAP Recognized as a Leader in Energy Management Software by Independent Research Firm

BOALSBURG, Pa. -- EnergyCAP, a leading provider of energy and sustainability enterprise resource planning (ERP) software, proudly announces its prestigious placement in the top right leader quadrant of the Verdantix Green Quadrant: Energy Management Software 2023. This accolade underscores EnergyCAP's commitment to delivering innovative and effective solutions in the energy & sustainability management sector.

Tom Patterson, CEO of EnergyCAP, remarked on this achievement: "Being recognized by Verdantix as a leader in energy management software is a reflection of our team's dedication and the innovative strides we have made in the industry. Our focus has always been on providing solutions that meet and exceed the evolving needs of our clients, and this recognition is a significant milestone that underscores our commitment to advancing energy management and sustainability practices globally."

The Verdantix Green Quadrant report offers a comprehensive analysis of top EMS vendors, providing a detailed, fact-based comparison. EnergyCAP distinguished itself in this rigorous analysis, which included live product demonstrations and a multifaceted evaluation process.

EnergyCAP's responses to the Verdantix questionnaire highlighted the robustness and versatility of its software solution suite.

With over 40 years of experience in energy & utility bill management, EnergyCAP has significantly broadened its product offering following a private equity acquisition in 2021. The company acquired energy management and monitoring provider Wattics in 2022 and launched our financial grade greenhouse gas (GHG) accounting solution, EnergyCAP CarbonHub, in 2023. The suite of solutions - EnergyCAP SmartAnalytics (formerly Wattics), EnergyCAP UtilityManagement, and EnergyCAP CarbonHub - integrate seamlessly to manage energy, cost, and carbon data from the portfolio level down to the asset and device level in a single platform.

EnergyCAP excels in all six functionalities assessed by Verdantix, earning a score above 1.0 in each category. EnergyCAP UtilityManagement is particularly noteworthy, scoring a 2.0 due to advanced automated bill processing, direct utility provider connections, and an intuitive interface for bill and contract visualization. The interaction between EnergyCAP SmartAnalytics and EnergyCAP UtilityManagement offers bill validation and enables energy and cost predictions through a cross-package machine learning algorithm. EnergyCAP also achieves a high score for carbon management, with comprehensive carbon accounting and reporting functionality, supported by a global catalogue of emissions factors.

"EnergyCAP's integration of utility bill data management, real-time energy intelligence, and finance grade carbon accounting into a single platform demonstrates a comprehensive approach to energy, cost, and sustainability data management. These features make it well-suited to address the diverse and evolving needs of energy and sustainability professionals," said Harry Wilson of Verdantix.

"Our placement in the Verdantix Green Quadrant is a reflection of our commitment to excellence and our mission of helping customers better manage their finite resources to create a more sustainable world," added Tom Patterson.

You can download the report from Verdantix here: https://www.verdantix.com/report/green-quadrant-energy-management-software-2023

For more information about EnergyCAP and our suite of energy and sustainability solutions, please visit https://www.energycap.com/.

About EnergyCAP:

EnergyCAP is a leading provider of energy and sustainability enterprise resource planning (ERP), empowering customers with full control and understanding of their energy & sustainability data to reduce their carbon footprint and drive savings. For over forty years, thousands of public and private institutions have been using EnergyCAP to streamline accounting processes, reduce resource consumption, and identify opportunities for sustainable operations. EnergyCAP helps customers who are drowning in paper bills, manual processes, and cumbersome spreadsheets and enables them to execute, analyze, and report on the energy and decarbonization projects needed to create a more sustainable world. Visit Energycap.com to learn more.

Related link: https://www.energycap.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Funding and Investment, Taxes and Accounting

TMC Emerging Technology Fund LP Invests in Halcyon

SAN DIEGO, Calif. -- The Mortgage Collaborative (TMC), the nation's largest independent cooperative network serving the mortgage industry, announced today that the TMC Emerging Technology Fund LP (the "Fund") has made its latest investment in Halcyon. Halcyon's suite of services provides financial institutions with a 360-degree financial relationship with its customers by affordably expanding their offerings to include investment advisory, IRS transcripts and tax preparation services. Halcyon also introduces an industry-first rep/warranted IRS transcript income validation service at a fraction of the cost and time of any commercially available alternative.

Kirk Donaldson, CEO of Halcyon, said, "Given the immense experience and insight the TMC Emerging Tech Fund and its LPs bring to the table, we are thrilled and honored to secure their investment. Our cutting-edge solutions are designed to address perennial mortgage industry challenges, including lowering closing costs and timeframes while streamlining the borrower experience, which makes us a perfect fit for the Fund."

"We are extremely pleased to add Halcyon to our growing portfolio of mortgage tech leaders. Halcyon has realized significant market traction in a relatively short amount of time and in a difficult market. They count some of our Limited Partners as customers and created a partnership with one of our other portfolio companies, TRAiNED, thus demonstrating the importance of Halcyon to our ecosystem. We are confident, under Kirk's experienced leadership, Halcyon will become one of the star performers of our portfolio," said Sandy Selman, Venture Partner with the Fund.

TMC Emerging Technology Fund LP is a specialist fintech fund explicitly focused on the mortgage industry and immediately adjacent verticals. Its Limited Partners consist of some of the most technology-forward lender members of TMC and help the Fund understand where the industry is headed, what will work, what won't and why. The Fund continues to look for investments in exciting companies that will have the most profound impact on this multi-trillion-dollar industry. For more information, please reach out to info@tmctechfund.com.

About The Mortgage Collaborative:

The Mortgage Collaborative was founded in 2013 by four notable industry leaders and is the nation's largest independent mortgage cooperative network. TMC is singularly focused on creating an environment of collaboration and innovation for small to mid-size mortgage lenders across the country to reduce cost, increase profitability, and better serve the dynamic and changing consumer base in America. For more information, visit http://www.mortgagecollaborative.com/

Related link: https://www.mortgagecollaborative.com

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Free News Articles, Taxes and Accounting

INSIDE Public Accounting Ranks KROST Among Top 100 Firms in the US in 2023

PASADENA, Calif. -- INSIDE Public Accounting (IPA) has named KROST CPAs & Consultants Top 100 Firm in 2023. The firm ranked 73rd on the prestigious Top 100 list. KROST along with other recipients of these distinguished awards are highlighted in IPA's monthly newsletter. KROST has been named Top 100 firm for the third year in a row.

"We couldn't be prouder to be recognized by our industry once again. It's a true testament to the hard work and dedication of our incredible team who made this recognition possible. Receiving this award reinforces our commitment to providing quality services to our valued clients," said Jason Melillo, CEO

INSIDE Public Accounting (IPA) is a leader in practice management resources for the public accounting profession that include: the monthly practice management newsletter, the annual national practice management benchmarking reports and corresponding reports and training. IPA has assisted firms across North America grow and thrive since 1987. The one-of-a-kind IPA 500, recognizing the top U.S.-based accounting firms, is the most comprehensive list of North American public accounting firms available.

IPA annually ranks the largest public accounting firms in the U.S. based on participating firm's net revenues - from the multi-billion-dollar U.S.-based Big 4 to the $3.8 million firm. Ranking data is captured through IPA's annual practice management survey and analysis of firms. IPA is the survey leader in data collection for the profession, with more of the largest 600 firms participating than any other survey today and a 92% return rate of participating firms.

Learn more about our services - https://www.krostcpas.com/services

View INSIDE Public Accounting's 2023 Top 100 Rankings - https://insidepublicaccounting.com/top-firms/ipa-500/


For more information about KROST's awards and recognition, visit KROSTCPAs.com/awards

ABOUT KROST CPAS & CONSULTANTS:

KROST is a full-service Certified Public Accounting and Consulting firm headquartered in Pasadena, California. As trusted advisors and industry leaders, clients depend on KROST for timely information, innovative solutions, and results-driven teamwork in the areas of accounting, assurance, business management, consulting, tax, mergers and acquisitions, and wealth management. Our professionals have expertise in a variety of industries. We proudly serve the restaurant, hospitality, manufacturing, real estate, technology, sports & entertainment, financial services, not-for-profits, and grocery industries. We also provide thought leadership on tax laws and the rapidly changing market.

Learn more: https://www.krostcpas.com/

Related link: https://www.krostcpas.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Taxes and Accounting

Celebrating Growth and Expertise: Matthew Weber Promoted to Principal at KROST

LOS ANGELES, Calif. -- KROST, a leading CPA and consulting firm, is thrilled to announce the promotion of Matthew Weber to the esteemed position of Principal. Matthew's dedication, experience, and exceptional contributions have led to this well-deserved advancement within the organization.

Matthew Weber, who joined KROST's tax practice in July 2015, brings with him over a decade of experience in public accounting, having embarked on his career journey in 2010. His passion for intricate tax matters, strategic financial planning, and client-centered solutions has propelled him to the forefront of the industry. Prior to his current role, Matt served as a Tax Manager at a Big 4 firm in Los Angeles, showcasing his commitment to excellence.

As a Tax Director at KROST, Matt has consistently demonstrated a deep understanding of federal and multi-state tax compliance and consulting for individuals, corporations, and partnerships. His expertise spans across a wide range of industries, including financial services, real estate, entertainment, restaurants, technology, and manufacturing. Matt's insights have played an instrumental role in simplifying complex financial challenges for clients.

CEO, Jason Melillo expressed his excitement about Matt's promotion, stating, "Matt Weber's journey and achievements at KROST exemplify our dedication to providing unparalleled expertise to our clients. As he assumes the role of Principal, we are excited to see him further elevate our services and contribute to the success of our clients."

As Principal, Matt will continue to lead the charge in delivering top-tier client-centered solutions, fostering innovation, and contributing to the continued growth of KROST.

Learn more about Matthew Weber " https://www.krostcpas.com/management/matthew-weber

Learn more about our Tax Services " https://www.krostcpas.com/services/tax-services

For more information or any questions regarding our services, please contact us at: https://www.krostcpas.com/contact

About KROST:

Established in 1939 in Pasadena, California, KROST is a full-service Certified Public Accounting and Consulting firm serving individual and business clients of various sizes and industries. With a team of experienced professionals, KROST is committed to delivering innovative solutions that drive growth and success. Smaller-scale businesses can receive resources that are otherwise not accessible to them through talented professionals who have experience working with multimillion-dollar corporations and individuals.

Related link: https://www.krostcpas.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software, Taxes and Accounting

For the Second Year, PitBullTax Named to the 2023 Inc. 5000 List of Fastest Growing Private Companies in America

CORAL SPRINGS, Fla. -- PitBullTax Software, the Nation's Leading Tax Resolution Software for CPAs, EAs and Tax Attorneys has revealed it has won a spot on the 2023 Inc. 5000 list of the fastest growing private companies in America for the second year in a row.

The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment-its independent businesses. Facebook, Chobani, Under Amour, Microsoft, Patagonia, and many other well-known name brands gained their first national exposure as honorees on the Inc. 5000.

The Inc. 5000 class of 2023 represents companies that have driven rapid growth while navigating inflationary pressure, the rising cost of capital and seemingly intractable hiring challenges. "Running a business has only gotten harder since the end of the pandemic," says Inc. editor-in-chief Scott Omelianuk. "To make the Inc. 5000-with the fast growth it requires-is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future."

"We are extremely proud of making the Inc. 5000 list again and have worked very hard to grow this company into what it is today," stated Jaime S. Buchwald, CPA, Co-Founder and CEO. "The honor of making the list for the 2nd year in a row further demonstrates our dominant position in IRS tax resolution software. With the Inflation Reduction Act, Congress gave the IRS $80 billion to hire 87,000 new personnel. IRS enforcement over the next decade will be at an all-time high, and the amount of new resolution cases are going to skyrocket.

"With these prestigious awards, our licensees and potential licensees will now have even greater confidence in PitBullTax to handle this avalanche of new cases, not only as the nation's leader in IRS tax resolution software, but also as a nationally recognized business leader."

Jose Alfaro, Co-Founder and CTO said, "With the success of version 7.0, a quantum leap in automation that seamlessly integrates with major tech companies such as Zoom meetings, and synchronizes with Dropbox, Google Drive, One Drive, Outlook and Google Calendar and SMS communication we continue to over deliver to our licensees. Our 2nd Inc. 5000 honor is made possible by the dedication of our team and loyal licensees."

ABOUT PITBULLTAX SOFTWARE:

PitBullTax Software has licensees in all 50 states that rely on the company's software to prepare their clients' IRS resolution cases and automate their IRS tax resolution businesses. Innovation, efficiency and making its licensees more profitable are the cornerstones of the company's philosophy.

Learn more at: https://www.pitbulltax.com/

Related link: https://www.pitbulltax.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Government, Software, Taxes and Accounting

Oxnard California Awards Avenu Insights & Analytics With a Sales & Use Tax Auditing Contract

OXNARD, Calif. -- Avenu Insights & Analytics (Avenu), the leading provider of software administration and revenue recovery solutions for state and local governments, has achieved a significant milestone with the award of a Sales & Use Tax Auditing (SUTA) contract by the City of Oxnard, California. This contract, a competitive takeaway, represents a significant win for Avenu as the company's market share in California continues to aggressively grow.

Avenu's proposal excelled in all four weighted criteria: overall responsiveness, company profile, demonstrated technical competence to perform the service, and cost. This recognition reaffirms Avenu's dedication to meeting Oxnard's specific needs and delivering unparalleled service. It marks a continuation of the successful partnership between Avenu and Oxnard, showcasing Avenu's unwavering commitment to delivering exceptional results. Building on the positive outcomes of previous collaborations, Oxnard previously engaged Avenu for a Transient Occupancy Tax (TOT) Compliance Audit spanning 2019 to 2021, with the contract still active through 2024. Avenu's comprehensive approach, technical competence, and cost-effective solutions helped solidify the decision to entrust them with the critical SUTA contract.

"As a trusted partner to Oxnard, we are honored to have been selected for this SUTA contract," said Paul Colangelo, Avenu's CEO. "Our commitment to the City of Oxnard aligns perfectly with our vision for driving positive results for communities through our revenue recovery services. With a proven track record of maximizing revenue, we are excited to build on our successful partnership with Oxnard."

Avenu's revenue management solutions have consistently proven to be the key to unlocking untapped revenue for its clients, ensuring that communities thrive without the burden of increased taxes. This SUTA contract award is a testament to Avenu's commitment to empowering governments to streamline operations, increase revenue, and deliver exceptional services to their constituents. As Avenu's partnership with Oxnard continues to flourish, both entities look forward to achieving even greater success in the years to come.

About Avenu Insights & Analytics:

Over 3,500 state and local governments have partnered with Avenu to drive positive results for their communities through software administration and revenue recovery solutions. Avenu's comprehensive software solutions digitally transform government by modernizing processes, providing online access to records, and reducing costs. Avenu also provides a robust ecosystem of revenue management services that identify and recover untapped revenue. State and local governments work closely with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital.

Learn how Avenu helps to unleash the power of compliance and maximize tax collection in this short Compliance Lifecycle video - https://www.youtube.com/watch?v=KrsWG9xYOPE&t=4s

More information: https://www.avenuinsights.com/.

About Mill Point Capital:

Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the business services, technology and industrials sectors in North America. Mill Point's experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit https://millpoint.com/.

MULTIMEDIA:

VIDEO (YouTube): https://youtu.be/KrsWG9xYOPE

Related link: https://www.avenuinsights.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Architecture, Business, Construction and Building, Free News Articles, Product Launches, Taxes and Accounting

Walker Reid Strategies, Inc. announces the launch of a new division providing outsourcing engineering services

BOCA RATON, Fla. -- Walker Reid Strategies, Inc. is proud to announce the launch of a new division that provides outsourcing engineering services. The division will support MEP firms, architects, engineers, ESCOS, and LEED professionals by supplementing labor shortages and reducing costs through energy modeling, BIM, and code compliance services.

Ruben Abreu P.E. CEM, GBE, VP of the Engineering Division at Walker Reid Strategies, Inc., stated, "Walker Reid has a strong history of utilizing technology, AI, and bots to help CPA firms and specialty tax firms with their energy tax incentive work. We are excited to bring our expertise to a new market and help our clients meet their engineering needs."

With this new division, Walker Reid Strategies, Inc. continues to demonstrate its commitment to leveraging technology and innovation to meet the needs of its clients.

For more information about Walker Reid Strategies, Inc., please visit: https://wrsengineering.com/

Walker Reid Strategies, Inc., 1225 Broken Sound Parkway, Suite C, Boca Raton, FL 33487; 800-662-1793; info@walkerreid.com.

Related link: https://www.walkerreid.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Business, Free News Articles, Software, Taxes and Accounting

Sustainable Organizations Embrace EnergyCAP’s Complete Suite of Energy and Sustainability ERP Solutions

STATE COLLEGE, Pa. -- EnergyCAP, a renowned provider of energy and sustainability enterprise resource planning (ERP) solutions, proudly announces The University of Texas Medical Branch (UTMB) and The University of New Mexico (UNM) have adopted EnergyCAP's newest solutions: CarbonHub and Wattics, making them the first customers to embrace EnergyCAP's complete solution suite. UTMB, an EnergyCAP customer of 10+ years, and UNM, an EnergyCAP customer of 15 years, are elevating their energy efficiency and sustainability aspirations by embracing Wattics and CarbonHub.

EnergyCAP's Energy & Sustainability ERP Solution Suite:

* EnergyCAP - Portfolio-level energy management and utility bill accounting

* Wattics - Real-time energy analytics at the building and device levels

* CarbonHub - Financial- grade carbon accounting and sustainability reporting

Jason Strauss, President and CEO of Lobo Energy shared that, "Lobo Energy Incorporated is thrilled to support the University of New Mexico's adoption of EnergyCAP's complete suite of solutions. Access to real-time energy and financial-grade carbon data is critical to advancing their decarbonization efforts. This decision underscores the University's dedication and commitment to environmental stewardship."

Since partnering with EnergyCAP in 2008, UNM has been able to avoid costs totaling $139.9 million and decrease their energy consumption by an impressive 22.1%.

Read more about UNM's success with EnergyCAP here - https://www.energycap.com/success-stories/university-of-new-mexico/

Strauss explained that, "Since we have seen the benefits of our streamlined process for data integration with EnergyCAP for our utility data, we wanted to streamline the carbon data process the same way."

By adopting CarbonHub, UNM will be able to accurately track their greenhouse gas emissions and comply with the ever-increasing number of regulations. EnergyCAP's out-of-the-box reports provide data in digestible formats that serve as "a roadmap for a decision matrix for carbon neutrality. [With EnergyCAP] we are allowing the data to help drive the process," says Strauss.

The Energy Management team at UTMB is constantly on the lookout for areas of inefficiencies in energy usage, with the goal of minimizing energy expenses. Quick identification of potential problems is key to achieving this goal. Wattics's offers an unparalleled solution for monitoring and predicting energy consumption in real time.

"We are currently using a large spreadsheet to track our energy savings initiatives and calculate associated savings. Wattics will allow us to calculate the savings with a click of the button using the Operations Analyzer tool. This will save our engineers time that they can then reinvest into finding more energy savings opportunities," says Sean Finegan, Business Operations Manager at The University of Texas Medical Branch.

By using EnergyCAP, UTMB was promptly able to identify anomalies in energy consumption for a specific building on their campus. With a few adjustments to lines of code, instantaneous electric savings were achieved, leading to a quick win of $26,000 in cost avoidance. The precise implementation month and subsequent reduction in energy consumption are clearly visible in EnergyCAP's reporting visuals shown below. Thanks to their prior success with EnergyCAP, UTMB has been able to expand their investments into complementary solutions.

"The adoption of CarbonHub and Wattics will bolster our ongoing efforts in enhancing energy efficiency within our buildings," states Finegan. "Building upon the great progress we have achieved with EnergyCAP, these new solutions will further accelerate our sustainability journey. We recognize the importance of continuous improvement, and by adopting the full suite of EnergyCAP's Energy and Sustainability ERP solutions, we are poised to achieve even greater strides in reducing our environmental footprint."

EnergyCAP remains committed to empowering organizations like UTMB and UNM with advanced solutions that drive efficiency, cost savings, and sustainability excellence. Through its suite of comprehensive solutions, EnergyCAP continues to be a trusted partner in transforming the way organizations manage and optimize their energy resources.

About EnergyCAP:

EnergyCAP is a leading provider of energy and sustainability enterprise resource planning (ERP) solutions. With a proven track record of delivering exceptional value and results for over forty years, EnergyCAP helps thousands of public and private organizations optimize energy consumption, reduce costs, and enhance sustainability efforts. By providing robust data collection, analysis, and reporting capabilities, EnergyCAP empowers organizations to make informed decisions and achieve their energy management and sustainability goals.

Visit https://www.energycap.com/ to learn more.

Related link: https://www.energycap.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022