How do you gauge your relative utility consumption? Typically, you look at the bills. But costs alone only tell a small part of the story, especially for multi-family housing. Now building owners and property managers have a dynamic tool at their disposal; WegoWise. The name details the utilities it catalogs: water, electricity, gas and oil. With WegoWise, customers can pinpoint true problem areas, estimate savings from upgrades – and act on that information. Within just one year, this web-enabled software platform, developed by BlueHub Capital (formerly known as Boston Community Capital) and our partners New Ecology and Barun Singh, boasted one of the largest energy databases in the nation. By drawing on that data, WegoWise is the most cost-effective way for multi-family housing – affordable or otherwise – to understand their utility consumption. The platform normalizes data for climate, for construction characteristics, for building type, then benchmarks the results across a portfolio or against specific criteria, such as similar types of buildings. The result: Customers can pinpoint true problem areas, estimate savings from upgrades – and act on that information, realizing cost savings that pay for WegoWise many times over.
In September 2018, AppFolio acquired WegoWise to expand its development and reach.