The Benefits of a Ratio Utility Billing System
Are you looking for a way to provide an improved experience for landlords and tenants in your area? A Ratio Utility Billing System (RUBS) could be the perfect solution for you! This innovative billing offering has become increasingly popular in recent years for its ability to accurately calculate and distribute utility costs for multi-family dwellings. This system offers several advantages that can be beneficial for landlords and tenants alike. In this blog post, we’ll explain the benefits of a Ratio Utility Billing System, so you can decide if it’s right for your situation.
Let's start with defining what RUBS is. RUBS is designed to allocate utility bills in multi-unit complexes based on occupancy and/or square footage. This means that each family in the unit will have the utilities divided based on the criteria of your choosing. The criteria you pick is important to ensure a fair bill for all tenants.
Now that we know what RUBS is, how can it benefit me or my customers?
- Accurate and fair billing – RUBS accurately distributes costs based on individual usage. This makes it easy to ensure that tenants are only paying for their own usage, and not subsidizing other tenants
- Cost savings – RUBS helps to reduce costs for landlords and tenants by reducing administrative time and expenses for utility billing, as well as providing more consistent invoices. Additionally, common areas can be excluded in cost calculations.
- Simplified utility billing – RUBS can greatly simplify the utility billing process for landlords and tenants. With a RUBS system in place, landlords can easily track and manage utility costs, and tenants will have an easier time understanding their bills.
At Frey Municipal Software, our RUBS Processing Module provides an easy to implement solution for entities using our CUBIC Utility Billing software.
A Ratio Utility Billing System (RUBS) can provide landlords and tenants with cost savings and a simpler utility billing process. If you’re looking for an innovative billing system that can accurately distribute costs and offer flexible payment options, RUBS could be the perfect fit for your situation.
CUBIC
A powerful Utility Billing System and Customer Information System can supercharge your organization