One of Australia’s fastest-growing utility service providers with over 700,000 customers across the country.
The energy industry is one of the biggest in Australia. The abundance of resources available in the country is such that Australia is one of the biggest exporters of Coal, Uranium, and LNG. Australia is slowly beginning to pick up a sizeable market share in the country. Nearly 40% of the country’s energy consumption is coal with oil and gas at 34% and 22% respectively. Therefore, there is a clear case for the use of an RPA tool.
Coal accounts for 75% of the electricity produced in the country with Gas at 16% . With coal exports in the billions, it is clear that the utilities and energy industry in Australia has a market size in the billions. Several players such as Origin, AGL, Simply Energy, and Energy Australia have heavily profited from the energy industry in the country.
While the ever-increase competition and lucrative market share encourage the formation of several companies in the space, the ability to manage data becomes a challenge. Most utility players in the space accept payments from customers almost on a day-to-day basis. The sheer volume of payments received presents a challenge, especially to track complete vs partial payments against invoices, discounts to be applied based on prompt payments or other campaigns, aging of debt and collections.
The client, one of Australia’s fastest-growing utilities suppliers with over 700,000 customers, had a unique problem to surmount.
Applying discount offers goes a long way towards customer satisfaction and subsequent retention.
Due to the pandemic and it’s grappling effects, the utilities supplier sought to find a new way to incentivize customers to clear invoices in a timely manner. Therefore, the discount offers for payments made by the ‘due date’ went a long way towards retaining customers.
However, customers who cleared the invoice on time with the discount percentage availed, were still seeing the discounted amount as balance due.
The RPA bot was trained to accomplish all of the above tasks end-to-end in a timely manner, something that helped the company