Streamlining Cashflow and Boosting Energy Management with dataTrack™ at VISION Extrusions Group
Addressing the financial strain caused by high energy bills and uncertain monthly payments, dataTrack™ emerged as the solution to provide accurate data for better cash flow management, offering peace of mind for VISION Extrusions Group.
Products Used
- dataTrack™
Industry
Plastics Manufacturing
How We've Helped
Predictable Energy Costs led to lower interest and better cashflow
Costs saved during high-demand peak periods
ESG Reporting become effortless
Challenge
As a significant consumer of energy, VISION Extrusions Group faced cash flow management difficulties due to the unpredictability of energy bills arriving three weeks after each month’s end. Fluctuations in energy consumption, tied to operational activities, led to disparate forecasts within the Accounts Payable team, making cash flow management a formidable task.
Solution
To tackle these challenges, Edgecom Energy introduced the dataTrack™ IoT Pulse Counter and Hub, offering real-time consumption insights. The accompanying online Energy Management portal provided live load and pricing information, enabling the forecasting of energy costs on the first day of the month rather than the usual three-week delay.
Results
The implementation of dataTrack™ yielded several advantages for the VISION Extrusions Group. The Accounts Payable team successfully eliminated interest arising from energy-related cash flow variability. Furthermore, facilities managers could effortlessly generate reports for electricity consumption and Scope 2 GHG emissions, supporting VISION’s ESG reporting. Leveraging consumption baselines, VISION also optimized production planning around high-demand peaks, resulting in reduced emissions and costs.
About Us
At Edgecom Energy, we empower large energy consumers to take control of their energy costs and reduce emissions by harnessing the power of IoT and AI solutions. Our innovative technology helps you optimize energy usage, save money, and contribute to a greener, more sustainable future.
Visions is the largest PVC extruder in North America with 9 facilities totalling over 2,500,000 square feet of manufacturing capacity.
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