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ESG AI: Automated Documents Reading

Discover a groundbreaking feature of our software that addresses a common pain point faced by our clients - the extraction of utility usage data from bills.
by 
Amy Ryu
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November 16, 2023
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The ESG compliance platform that uses AI to automate the collection and transformation of data into audit-ready metrics.

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Introduction

‍Welcome to ESG Flo, the compliance platform at the forefront of sustainability data management. Our AI-powered platform is designed to simplify and streamline the process of data collection for sustainability reporting, ensuring our clients achieve compliance with CSRD and SEC regulations. This blog post serves to introduce a groundbreaking feature of our software that addresses a common pain point faced by our clients - the extraction of utility usage data from bills.

The problem

Manually deciphering electricity, gas and water usage numbers buried in utility bills can be a long, burdensome process. Our clients have highlighted their frustration at the time wasted completing this tedious task, and we've responded with a solution that harnesses the power of AI to quickly extract the usage information needed from documents.

Feature overview

‍To discover our usage data extraction tool navigate to our Documents - Upload page. Here you'll discover our seamless solution. Simply upload your utility bills in PDF format, and within moments, our AI software will extract the relevant data that you need. Our tool works by automatically populating crucial information such as the Utility Provider, Account Number, Meter Number, Usage, and Cost. This easy-to-use tool results in tasks being completed at a faster rate and with significantly less human effort.

Where this funtionality shines

‍Our data extraction tool is multidimensional and can aid organizations in a variety of ways. The software is not limited to addressing Scopes 1 and 2 GHG emissions; it extends its utility to extracting information from Water Bills and Waste Bills. Moreover, it can be applied to capture data from purchase orders, aiding in the calculation of Scope 3 emissions. Auditors, in particular, find this feature invaluable, as having the ability to source documents streamlines the audit process, facilitating both limited and reasonable assurance requirements.

Customer testimonials

Our customers have vocalized their support and enthusiasm for‍ our data extraction tool, exclaiming: “That's pretty amazing”, upon realizing the capabilities of our AI. Feedback has highlighted just how valuable this tool can be to organizations, providing them with all the necessary data with ease. Auditors, too, appreciate the clarity provided by having bills clearly presented on the left-hand side.

Conclusion

‍ESG Flo is committed to supporting your organization in the efficient collection of usage data from utility bills, to enhance your environmental data collection process. The goal of our software is to liberate your time, enabling you to focus on tasks that drive your mission. This not only benefits users but also enhances the audit experience, making it more streamlined and effective.

This AI-powered document extraction feature is just a glimpse of what ESG Flo has to offer. Reach out for a demo today and share this article with your colleagues in the sustainability world. Let's embrace a future where data collection is a catalyst for positive change.

About ESG Flo

ESG Flo is the AI-powered platform for accurate, complete, and auditable data. It simplifies compliant reporting, third-party verification, and responsible decision making.

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