State of North Carolina Uses Cadence Network to See Cost More Clearly

State of North Carolina Uses Cadence Network to See Cost More Clearly

Cadence Network, Inc. Brings Order to Chaotic Vendor Costs

CINCINNATI, Feb. 1 /PRNewswire/ -- Many state governments find themselves victims of the always-fragmented, often-chaotic universe of invoice management. Just like a multiple site business, thousands of invoices flow in, but the big difference is that the taxpayers foot the bills. With better management of the thousands of invoices, where errors are found and corrected, and actual bill payment is streamlined, the benefit can be significant.

States across the country can turn to Cadence Network, Inc. to effectively manage the third-largest costs of doing business: utilities, water, sewer, trash, lease and telecommunications.

Lifting the Fog

"State governments are a natural fit for the CadenceEnterprise(TM) because of the current status of their accounting capabilities," said Jeffrey Hart, president and CEO of Cadence Network, Inc. "Often, the software applications government institutions have at their disposal are not designed to provide the necessary visibility of data to allow the departments depending on them to take action -- just as most accounting systems being used in the private sector as well."

Hart explains that if states could see at a glance where they were allocating taxpayer dollars, they would see an array of untapped saving opportunities.

North Carolina is one state that's using the CadenceEnterprise to really stretch the taxpayer's money. This makes North Carolina one of the most progressive states in the area of expense management. The state embarked on its Utility Savings Initiative program with the goal of cutting energy, water and sewer usage and bills by 4% over the next five years. The problem was, with over 12,500 buildings and facilities spread throughout the state, there wasn't always a clear connection between cost and usage, no incentive to conserve resources and little oversight in utility accounting. The state started testing utility accounting software with its Department of Correction.

"In a government system as large as the North Carolina Department of Correction there are obvious benefits to having detailed utility usage and cost data available to all levels of facility management," said David L. Mosley, CEM. "The value of accurate utility information far exceeds the cost of the utility accounting system."

"Now we are able to track costs by facility, by square footage, by inmate for a detailed accounting of state expenditures," said Phil Bisesi of the State Energy Office. "Accurate accounting is the first step in measuring our savings and efforts." Mosley identified a benefit of working with Cadence is the ability to allow all of the facility and energy managers to routinely view the actual bill image and use deep analytical reports.

"In my opinion, having ready access to the bill image alone is more valuable than the cost per account that we pay for the utility accounting system," Mosley said.

Scalable Solution

Cadence allows its clients to see, at a glance, the sometimes-hidden bottom line costs by utilizing a unique, scalable process.

A state can choose to implement the total Cadence solution or customize it to fit precisely their needs to deliver the greatest value to the state employees and the taxpayers.

"With Cadence, government agencies can stay in control of its budgets," said Hart. "We just allow them to control it better."

About Cadence Network, Inc.

Cadence Network, Inc. is an expense management firm that delivers comprehensive expense management solutions for chain store and multiple site businesses in the banking, government, restaurant, retail and grocery industries. Cadence is recognized as an Energy Star Partner by the United States Environmental Protection Agency. The people and products of Cadence allow successful businesses to monitor and manage the third largest costs of doing business -- electric, gas, water, sewer, trash, lease and telecommunications. The solutions designed are customized to address the unique business requirements of companies with many sites and many departments managing many vendors across many geographically dispersed locations. Cadence offers accounts payable outsourcing, Web-based software applications and professional services. Cadence can be accessed at http://www.cadencenetwork.com/ or by calling 866-CADENCE (866.223.3623).

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Jeffrey Hart http://profnet.prnewswire.com/ud_public.jsp?userid=350563


Source: Cadence Network, Inc.

CONTACT: Megan Licursi, Senior Consultant of Justice & Young Public
Relations, +1-513-388-4706, or mlicursi@jypublicrelations.com

Web site: http://www.cadencenetwork.com/


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