Finance and AP

Give finance and accounts payable teams validated utility bills, paid on time and coded to the general ledger. Nectar checks every charge before payment, holds bills with errors, and keeps budgets, forecasts, and accruals current.

Nectar finance and ap — automated utility data management screenshot

Challenge

Utility bills are paid before anyone checks whether the charges are correct.

Solution

Nectar validates every bill against its history and the applicable tariff. Bills with errors or disputed charges are held rather than paid, with the reason shown on the bill.

Challenge

Late fees, interest, and shutoff notices pile up across hundreds of accounts.

Solution

Nectar pays US utility bills through regulated payment partners, flags late fees and interest charges, and forwards disconnection notices to site contacts within one business day.

Challenge

Utility spend is hard to budget, accrue, and code consistently.

Solution

Nectar codes each bill to your GL, cost center, site, and entity, provides monthly accrual estimates for bills not yet received, and tracks budget against actuals every month.

How Nectar works

How Nectar works — automated utility data workflow diagram

1.Collect every bill

Bills arrive from utility portals, email, or mail, and Nectar flags any bill that is late or missing.

2.Validate every charge

Each bill is parsed at the line-item level and checked against its history and tariff before it is approved.

3.Route for approval

Approval rules route bills by site, utility, amount, or GL code. Routine bills clear automatically and larger bills go to an approver.

4.Pay or deliver to AP

Nectar pays US utility bills through regulated payment partners, or delivers each bill to your AP or ERP system as a coded payable.

5.Reconcile and report

A payment ledger, monthly reconciliation statement, accruals, and budget-to-actual reporting keep the close on schedule.

Before and after using Nectar

Bills validated before payment

Before Nectar, utility bills were paid as received. After, every charge is checked first, and bills with errors are held until they are resolved.

→ Utility bill payments

Late fees and interest flagged

Before Nectar, late fees and interest charges were buried in line items. After, they are flagged on every bill so they can be disputed or avoided.

→ Late fees and tax tracking

Coded payables in your AP system

Before Nectar, AP keyed utility bills by hand. After, each validated bill arrives in your AP or ERP system with its image, remittance details, due date, and GL coding.

→ Utility bill payments

Budgets and accruals on schedule

Before Nectar, utility accruals were estimated from last month. After, budgets, forecasts, and accruals come from actual bill data for every site.

→ Budgeting and forecasts

One platform for every utility decision

Utility bill management, energy cost management and procurement, and sustainability reporting in one system, shared by energy, finance, operations, and sustainability teams.

Nectar utility bill management — utility data management feature

Utility bill management

Every bill for every utility, waste, and telecom account collected, parsed at the line-item level, and tracked against its expected date.

Automated bill collectionData completenessAudit trailAI agent and smart reports
Nectar sustainability reporting and benchmarks — utility data management feature

Sustainability reporting and benchmarks

Audit-ready data for ESG reporting, site benchmarks, ENERGY STAR sync, and exports to carbon accounting platforms.

BenchmarksENERGY STAR Portfolio ManagerESG and carbon integrationsWaste and recycling
Nectar bill audit, bill pay, and ap — utility data management feature

Bill audit, bill pay, and AP

Errors caught before payment, past overcharges recovered, and validated bills paid on time or delivered to your AP system.

Utility bill auditsHistorical bill auditUtility bill paymentsAP and ERP integration
Nectar energy cost management and procurement — utility data management feature

Energy cost management and procurement

Tariff and rate optimization, demand management, and procurement advisory. Customers typically save 3 to 5% of annual utility spend.

Tariff and rate optimizationDemand managementProcurement advisoryBudgeting and forecasts

Loved by customers in every industry

Customer Stories
Featured

How Thomas Foods automated more than 90% of its utility data collection

Thomas Foods International uses Nectar to collect and organize utility data across its US facilities, replacing manual bill downloads and spreadsheet entry.

“Using Nectar has significantly streamlined the process of gathering and analyzing our utility data. The platform just works!”
Jonathan R., Sustainability Director at Thomas Foods Int., USA — Nectar customer

Jonathan R.

Sustainability Director, Thomas Foods Int., USA

Read the case studyFeatured

Stanwich Energy Boosts Client Value with Nectar's Utility Data Solution

Stanwich Energy announces a new partnership with Nectar to enhance the customer experience through advanced, AI-powered utility data services.

“Partnering with Nectar's AI-driven platform has been groundbreaking, allowing us to tackle changes faster and skip the outdated, painful integration required by other solutions. Having the right information is the first step, and Nectar is exactly what we have been looking for to make that happen.”
Matt Shaw, Managing Director at Stanwich Energy — Nectar customer

Matt Shaw

Managing Director, Stanwich Energy

Read the case study
Jeremy Pike, Sustainability Leader at Idaho Milk Products — Nectar customer

Jeremy Pike

Sustainability Leader, Idaho Milk Products

“Thanks to Nectar's innovative solution, we can accurately assess our environmental impact, becoming a pioneer in sustainability among our peers.”

John O'Connell, CEO and Founder at Stanwich Energy — Nectar customer

John O'Connell

CEO and Founder, Stanwich Energy

“Nectar enables faster insights, smarter forecasting, and more accurate budget tracking. It also strengthens our ability to deliver on key sustainability goals by providing real-time visibility into usage and emissions.”

Matt Greening, Founder and Director at Nettzero — Nectar customer

Matt Greening

Founder and Director, Nettzero

“Nectar serves as a reliable and cost-effective technology solution to extract, store, and analyse sustainability data leading to enhanced reporting capabilities and streamlined workflows.”

Ready to get started with Nectar?

Try your utility bill on our live demo or get in touch

Try it with my utility billBook a demo

Learn more about Nectar

How hard can data collection get? What has worked for companies? We've got it all covered.

Utility bill management and AI — Nectar blog

Utility bill management and AI

How AI changes utility bill management, from automated data extraction and anomaly detection to centralized control of utility spend across a portfolio.

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How Nectar parses granular utility cost data — Nectar blog

How Nectar parses granular utility cost data

How Nectar separates supply, delivery, and demand charges on every bill, so energy and finance teams can see exactly what drives utility spend.

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Carbon accounting requires accurate utility data collection — Nectar blog

Carbon accounting requires accurate utility data collection

Carbon accounting has 3 steps: data collection, emissions calculation, and data reporting. Error rates of 10% in data collection compound into worse error in the CDP report. Garbage in, garbage out.

Read more

Nectar is an AI-native utility bill management platform for commercial and industrial organizations, with 99.2% line-item parsing accuracy, coverage of 7,000+ utility providers, and automated data collection.

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Data Completeness ViewAutomated Data CollectionCarbon Accounting IntegrationsAudit TrailTariff and Rate OptimizationsLate Penalties and Tax TrackingUtility Bill PaymentsUtility Bill AuditsBudgeting and ForecastsBenchmarks and AuditsEnergyStar IntegrationDemand ManagementHistorical Bill AuditProcurement AdvisoryProjects, Rebates, and Grid ProgramsWaste and RecyclingUtility Account Open and CloseAP and ERP IntegrationAI Agent and Smart Reports