5151 San Felipe, Ste 2050 Houston, TX 77056
(713) 358- 5400
info@getchoice.com
getchoice.com
Steel Technologies is part of the North American industrial supply chain, a metal processing industry leader. Their network of facilities service 2,500 customer locations from small, privately held companies to some of the world’s largest manufacturing companies.
Steel Technologies has long used an energy consultant to assist
with procurement and utility rate decisions. The company’s strong
North American footprint requires a consultant familiar with
different market areas, utility zones, and the ever-changing
energy landscape. However, Steel Technologies noticed their
previous consultant was no longer meeting their needs. Lack of
communication and employee turnover by the previous firm
caused frustration. This opened the door for GETCHOICE! to
partner with Steel Technologies in 2016. GETCHOICE! provided a
hands-on approach with a dedicated Account Manager.
GETCHOICE! coupled this with extensive energy experience, and
technology-enabled solutions to
GETCHOICE! alleviated all communication concerns by assigning a dedicated Account Manager with 12+ years within the energy industry. The Account Manager created an Energy Action Plan to allow Steel Technologies to purchase strategically based on market fundamentals, not just waiting on contract expirations. This ensured Steel Technologies as a Price Setter, and not a Price Taker. This procurement strategy has provided over $250K in savings.
Bill Management services were improved through GETCHOICE’s inhouse web portal, GET: Smart Management Technology. This platform provides Steel Technologies facility managers the ability to analyze and benchmark utility data, while Accounts Payable receives actual invoices promptly. GET: Smart Management Technology has identified over $100K in savings via invoice errors, tax exemptions, and utility rate
changes.
Previous energy consultant did not provide prompt
communication in answering questions or providing
energy opportunities in the market.
Previous consultant was waiting until contract
expiration prior to performing an electricity or natural gas RFP.
Utility invoices were being sent via mail directly to
Corporate Headquarters for processing. Short
turnaround time for payment and review.
Steel Technologies has a centralized payment
process, but the accounting team was not recording
all invoice data points such as energy usage and
demand.
GETCHOICE! provides all consulting clients a dedicated account manager to answer ALL energy questions/concerns. The account manager has 12+ years of energy experience
$250K
GETCHOICE’s access to wholesale markets provided strategic procurement opportunities and captured over $250K in contract-over- contract savings.
67 ACCOUNTS
Robotic Process Automation digitally delivers Steel Tech’s 67+ invoices to GET: Smart Management Technology. Invoice data is pushed to Corporate AP. GETCHOICE’s invoice review includes variance testing and invoice recalculation.
GET: Smart Management Technology provides Steel Technologies access to usage/demand metrics. Enterprise reporting allows for a deeper dive into the data
points
