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metering assurance large

Metering Assurance

Designed to control and mitigate risks associated with Meters & Meter Reading activities, focusing on consistency and fraud.

 

diagram utilities metering assurance aThe accuracy of meters and the meter reading process directly impacts the profitability of a Utility company. To ensure accuracy, it is essential for utility providers to implement a continuous and automatic auditing process that can guarantee the consistency and coherence of information and prevent fraud from impacting the meter-to-cash flow.

For Metering Assurance, RAID Utilities is designed to control and mitigate risks associated with meters & meter reading activities, focusing on meter consistency and fraud, faulty meter controls and systems, and even human errors. For instance, integration between several systems is typical in the utilities systems landscape, potentially leading to meter data that is not being billed correctly, or costs incorrectly associated with meter maintenance and installation. In these instances, a system is required to collect evidence and records of potential fraud.

KEY AREAS COVERED
Give analysts a broader insight across the organization
  • Metering Accuracy
    Validate the accuracy of Meter Reading related activities, assuring the provisioning quality by assessing systems integrity and data reconciliations. Validate the readings accuracy by providing trend analysis and intuitive historic information generating alarms in suspicious findings.
  • Metering Fraud
    The fraud issue is one of transversals concerns when considering Utilities processes but with special focus in Meter & Reading area. To control the Fraud issues and collect evidences for subsequent analysis were built-in a set of validations and KPI’s related to Metering and Reading activities.
  • Metering Efficiency
    Controls the quality and efficiency of the Metering & Reading processes. Measures the processes life cycle identifying inefficiencies in data flow, the quality of data provisioned and the significance of the data considering historic and reference data. Controls also the quality of installed Meters.
CHALLENGES ADDRESSED
Address industry-specific regulatory and compliance requirements
  • How accurate are our meter readings?
  • How efficient are our readings collection process?
  • How can we improve our consumption fraud detection process?
  • How to detect what the Smart Meters Challenges are?
  • How can we decrease meter related costs?
KEY RISKS AT A GLANCE
Since the product provides a holistic view of data across multiple business environments and applications, you will get the visibility you need to quickly understand the financial impact and risk of each alarm and quickly identify the root cause of each exception
  • Meter Readings
  • Faulty Meters
  • System or Human Errors
  • Operational Cost Inefficiencies
  • Smart Meters New Challenges
  • Internal and External Fraud

VALIDATE THE ACCURACY OF METER READING RELATED ACTIVITIES

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RAID Utilities assures the provisioning quality by assessing systems integrity and data reconciliations. Validate the readings’ accuracy by providing trend analysis and intuitive historic information generating alarms in suspicious findings. The accuracy process is also responsible to control the visits and itineraries of readings activities in order to guarantee that all Meters are read periodically as expected.

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HELP THE FRAUD MANAGEMENT TEAM TO IDENTIFY METERING & READING FRAUD

To control the Fraud issues and collect evidences for subsequent analysis were built-in a set of validations and KPI’s (Key Performance Indicators) related to Metering and Reading activities, namely to find evidences of Meters Manipulation, collect evidences of consumption without being billed, inconsistency of consumption and readings over the time or/and after service interventions, identification of suspicious behaviors by analysis of consumption anomalies and trend analysis with geographical profiling to mitigate risk of Fraud. 

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LEARN MORE ABOUT METERING ASSURANCE FOR UTILITIES

Overview

RAIDUtilities Cover datasheet
 

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