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“Typically, the #1 spend for most companies is employees,” said Helee Lev, CRO of Goby. “The #2 is energy and this is where substantial savings can be realized.”
A NAR REach® startup, Goby provides invoice automation, energy management, and sustainability reporting to property managers and owners.
Why focus on energy cost management? Dollars and cents. “Invoice automation speeds up the payment of [energy] bills,” Lev explained, describing Goby’s platform as an insertion between the utility and the landlord, enabling faster payment and reduced late fees while allowing for fine-tuning of energy use initiatives such as GRESB or Energy Star at the property or portfolio level.
“Goby gets the bill within 24 hours electronically, 100% correct,” Lev explained. “From there we can pay it, we can look at trends, we can reduce late fees.” Filtering and sorting tools also allow Goby’s large portfolios to rank buildings on top and bottom performers.
Responding to a question, Lev pointed out that Goby is ready to help all across the country, the company having already integrated with 5,000 utilities in order to receive and process power usage stats electronically.
“Some companies we’ve worked with want to shout about energy savings from the rooftop. Others want to dip a toe in the water,” Lev noted. “Either way you can’t fix what you can’t measure. That’s where we come in.”