Australian technology company BidEnergy (ASX:BID), which delivers energy usage monitoring, reporting and cost-saving solutions, has revealed its services will be rolled out across the Salvation Army’s national electricity and natural gas portfolio.
Commencing this month, BidEnergy will be applying what it calls “Robotic Process Automation” or RPA, across the charity’s buildings, shops and community support facilities.
BidEnergy’s RPA is designed to manage procurement and contract management by facilitating a bidding process amongst energy suppliers on its platform, permitting the customer to access the cheapest available price.
In addition, once a supplier is chosen, RAP can seamlessly run regular tariff optimisation reports and opportunity reviews to further reduce the non-energy commodity charges on the bill – sometimes creating a reduction of up to 60%.
Once fully implemented, BidEnergy will consolidate the management of all Salvation Army accounts, nationally, by automatically capturing and validating invoices for electricity and natural gas sites and then seek further cost savings through its tendering technology.
The Salvation Army is widely known for providing invaluable support to many needy Australians. We are delighted to be able to assist them in identifying improvements across their energy portfolio to ensure as much money as possible goes towards more meals, shelter and support for those in need,” BidEnergy Managing Director, Guy Maine said.
“BidEnergy has continued with its strong sales momentum since being awarded multiple contracts in the last quarter including that of Singtel Optus in March.
“We can now add The Salvation Army to a growing stable comprising 51 major Australian and International brands.”
Since the start of the calendar year customer acquisitions have seen BidEnergy’s annualised subscription revenue increase 32% to $2.4M. The Salvation Army contract will contribute one third of that revenue growth.
Shares in BidEnergy tracked up 3% today to close at 3.1 cents per share.