Understanding your business energy, both in terms of usage and cost, can be extremely beneficial for saving your business money. 

However, with so many things to worry about, business owners can be extremely time-poor when it comes to dealing with business energy. 

Here are some tips for improving efficiency in managing your business’s energy. 

Managing business expenses

Every business has a variety of expenses coming in and out daily to keep track of. 

Make management of your business expenses easier by setting up automation of recurring payments. Energy bills are a recurring cost for your business, so setting up automatic payments can save you significant time, as well as reduce the chance of missing bill payments or incurring late fees. 

Save time managing business expenses by digitising your paperwork. Digital bills makes it quicker and easier to find and store bills and invoices. 

Invest in energy efficient technology

While most business owners understand the importance of energy efficient processes and equipment, many are unable to dedicate the time to make the changes necessary. 

There are numerous technologies available to help your business become more energy efficient and may save you money in the long-term. These include motion sensors for lighting which eliminate the need to rely on employees turning lights off when not in a room, and power timers on appliances and devices that will switch them off when not in use.

Investing in energy efficient technologies can be a great time saver for business owners, as you won’t have to worry about switching equipment or lights on and off every day. 

Get the right energy plan

If you don’t have time to keep track of your business energy, chances are you haven’t reviewed your energy plan recently. 

Finding the time to assess your energy plan can be challenging for business owners, but it can save you significant time and money in the long run. If you’re unable to do this, assign a team member to manage your business energy. 

Make sure your energy plan is tailored to your business needs so that you’re not paying more than you need to be. 

The cost of energy can differ across various energy retailers, and there are numerous different energy plans available. Check with your energy provider to see that you’re getting the best deal for your usage needs. 

Negotiate if possible, and if your provider is unwilling to give you a better deal, it may be time to look elsewhere for your business energy. 

Next Business Energy can help

Next Business Energy recently teamed up with Xero to help businesses take charge of their energy consumption and keep finances under control. 

Next Business Energy’s NextConnect is now able to integrate with Xero Connect in Australia, which will make it easier for businesses to understand their energy usage and costs. 

Next Business Energy customers will be able to export their energy bills directly into their Xero account. This will eliminate the need for manual data entry, saving business owners valuable time. 

For more about this partnership, and how it may save your business time and money, visit our website https://nextbusinessenergy.com.au/next-connect/#xero.