PRZOOM - /newswire/ -
New York, NY, United States, 2009/10/05 - Striata Email Bill Presentment and Payment, in partnership with Western Union Global Payment Services, has enabled IREA to suppress four times more paper bills than the industry average, in a third of the time.
Intermountain Rural Electric Association (IREA) turns off 17% of all Paper Bills in 12 months
Intermountain Rural Electric Association is one of the largest and fastest-growing electric distribution cooperatives in the United States. A 5,000-square-mile service territory includes all or parts of ten counties to the east, west and south of the Denver metro area and west of Colorado Springs.
Early in 2008, with no eBilling and no customer email addresses on file, IREA selected the Striata / Western Union partnership to provide them with a full service electronic bill presentment and payment (EBPP) solution. Today IREA is an industry leader among utilities in terms of eBill adoption and paper suppression.
Residential and commercial customers now receive their IREA bills directly in their inbox as an authenticated, secure, interactive and payment-live PDF attachment. There is no enrollment required and no need to choose or remember a username and password. Once customers have opened their, secure attachment they can make an instant payment directly from within the itemized PDF bill - without the need to visit a single web page.
“Our eBilling project has been a great success, for both our consumers and IREA”, says Mandi Zimmerman, Director of Administrative Services at IREA. “This customized email bill delivery strategy has enabled our consumers to benefit from the most convenient billing option available - much more so than receiving a paper bill or logging on to a website.”
“Striata Adoption Services and Strategies have been (and continue to be) a key factor in our success,” adds Zimmerman. By employing an opt-out strategy, the utility saw an adoption rate of 11% at launch. When IREA obtains an email address from a customer, they are automatically enrolled in eBilling. For the first 3 months, customers receive their paper bill along with the electronic version, after which the paper bill is automatically turned off, unless the consumer specifically requests a hard copy. Very few people have chosen to go back to paper once they have viewed the Striata Secure PDF version. The key to the high adoption rate is that customers do not need to be proactive about retrieving their eBills.
Over the past 12 months, IREA and Striata (striata.com) have gathered an additional 6%of customer email address and recently concluded a successful email acquisition project. IREA is comfortably on track to achieve 25% total paper turn off in 2 years.
Since the goal is to suppress as many paper bills as possible, automatic enrollment also includes sending email bills to those customers who pay via automatic bank debit or on Western Union’s website.
Garin Toren, Striata Chief Operating Officer, adds, “IREA’s success shows what can be achieved with regards to turning off paper bills. For every 100 valid email addresses they collected, 97 customers were switched to eBilling. This is a great example of how the majority of utility paper bills can be turned off, while customer satisfaction is improved. To date, utilities have been satisfied with only a 5% adoption rate per year. IREA is setting a new standard.”