Convergent Billing

Convergent bills are simply resident bills that combine utility and property charges. Velocity�s convergent resident billing services integrate with OneSite Leasing & Rents, enabling automatic processing to allocate property utility costs to residents. With no files to transfer, Velocity is the first truly integrated resident utility billing system and lease accounting system. Resident billing may be performed using submetered resident consumption data or ratio utility billing methods. Resident utility charges can be presented along with other resident charges on a single convergent bill, which Velocity will mail to your residents. The Velocity convergent resident billing service takes the burden of utility allocation off of your staff while greatly increasing accuracy and eliminating lost income due to inefficient collections.

Separates Utility Costs from Rent

Allows rents to be maintained or �lowered� in competitive markets.
Eliminates need to anticipate potential future utility rate increases into the rent charge.