TOTAL SOLUTIONS PROVIDER FOR UTILITIES & INDUSTRIAL COMMUNICATIONS

CBRE project setup
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CBRE Customer Case Study / Past Performance

Overview

CBRE noticed an increase in complaints from businesses due to irregularities in their utility costs. CBRE hired Second Sight Systems to develop an approach that mitigated inaccurate billing and costs throughout Mockingbird Station.

Project Summary

CBRE, a real estate service provider for commercial properties across the United States, manages several small office and storefront complexes in the Dallas, TX metropolitan area. One such building, Mockingbird Station, serves as a commercial and residential center for nearly 500,000 people within a 5-mile radius. Mockingbird Station supports several unique businesses and loft-style apartment buildings, strategically located near affluent Dallas suburbs and Southern Methodist University.

Every business in Mockingbird Station accesses water and electric service through individual submeters, consisting of 42 water meters and 34 electric meters throughout the complex. CBRE had previously hired a utility contractor to manage meter reading and invoice reporting throughout the Mockingbird Station complex.

After a period of time, CBRE noticed an increase in complaints from businesses due to irregularities in their utility costs. It became clear that the contractor’s technicians were not physically reading every meter in the complex, instead relying on usage estimates for many of the businesses leasing space in Mockingbird Station. This led to inaccurate billing, customer dissatisfaction, and a potential financial shortfall on recapturing utility costs for CBRE.

CBRE hired Second Sight Systems to develop an approach that mitigated inaccurate billing and costs throughout Mockingbird Station. They needed a complete replacement of their existing meter service, including an audit of all the meters in the property, to improve billing and invoicing.

“Not only did CBRE avoid a customer service nightmare, but they also felt confident that they had significantly cut losses in monthly revenue”

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