Banyan Water Introduces SmartRate™

First-of-Its-Kind Water Management Tool Enables Users to See in Real-Time the Impact of an Organization's Water Use to Inform Efficiency Strategies

Through its proprietary smart water technology suite, Banyan Water gathers specific rate information from local water and wastewater utilities and accurately calculates costs by factoring in different rate types, meter sizes, rate tiers, seasonal rates, and service fees. In addition, the new feature combines water use projections based on historical use with newly increased rates to determine how rate increases will affect the overall water costs for a specific user.

"As water consumption continues to be a concern for facilities of all sizes, Banyan Water is taking a leadership position in the development of data-driven technologies and tools that will help businesses realize a positive financial and environmental impact from the reduction of water consumption," saidGillan Taddune, chief executive officer of Banyan Water. "The accurate and specific water rate data that SmartRate delivers to users will provide unprecedented insight into the actual cost of water use, enabling customers to see the dollars and cents - and make sense - of their water consumption."

Key Features of SmartRate:

• COMPARABLE COSTS - Cost data can be viewed at the meter, property or portfolio levels to identify both the water and financial performance of facilities.
• PRECISE VALUES - Costs are calculated exactly as utilities calculate them and factor in different rate types, meter sizes, rate tiers, service charges and seasonal rates to give users exact dollar amounts.
• REAL-TIME RATE DATA - Water cost data are available 24/7 via Banyan Water Central, giving customers a clear water use and cost breakdown without waiting for the utility bill to arrive.
• REALIZED SAVINGS - Users will be able to view financial savings associated with actual water use in comparison to historical baselines.

Source: PRNewsWire

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Taxonomy

• Water Supply
• Water Management
• Water Governance