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GETCHOICE! Sees Remarkable Growth in Managed Utility Spend

In a notable development within the utility management sector, GETCHOICE!, a leading enterprise utility intelligence platform, has reported astonishing growth figures that reflect a pivotal transformation in how companies manage their utility expenses. The firm has experienced a 50% run-rate revenue growth and a staggering 220% increase in managed utility spend over the past two years. This surge coincides with a broader shift towards making utility management a key concern at the executive level, particularly as the demand for efficient energy usage accelerates due to rising operational costs and strategic planning needs.

Growth Metrics and Revenue Retention

GETCHOICE! has not only grown its overall business but also reported 130% year-over-year net revenue retention, a crucial indicator of how existing clients expand their usage over time. This is reflected in the increased complexity and volume of utility services being processed through their platform. Recent data shows that managed spend grew over 20% in just the last quarter, highlighting a clear uptick in demand.

The company’s impact is particularly pronounced in the electricity sector, where the capital markets are witnessing a significant transformation, with $216 billion allocated to U.S. power and utilities mergers and acquisitions in just the first half of 2026, marking a 173% increase year over year. Beyond electric utilities, GETCHOICE! covers a range of critical services such as natural gas, water, and telecommunications, all contributing to a complex interconnected spend category.

Changing Perspectives on Utility Expenses

As GETCHOICE!'s CEO, Kiki Dikmen, explains, the nature of inquiries surrounding utility management has evolved. No longer are businesses merely concerned with settling utility bills; there is now a strategic emphasis on understanding utility spending dynamics—why costs fluctuate, identifying areas of potential risk, and determining future actions. This shift signifies a deeper recognition of utility management as a fundamental element of the overall financial strategy, rather than just an administrative task.

“Enterprises are shifting from a reactive to a proactive approach to utility management,” says Dikmen, illustrating the need for comprehensive insights that equip firms to optimize their utility portfolio. As they centralize their utility data and workflows within GETCHOICE!'s platform, companies are experiencing substantial operational efficiencies and enhanced visibility.

The Role of Long-Term Customer Relationships

An essential factor in GETCHOICE!'s growth trajectory is its focus on nurturing robust relationships with existing clients rather than solely acquiring new contracts. The platform is designed to expand beyond initial use cases, with clients consistently integrating additional locations, utility types, and amounts into the system. A case in point is a Fortune 500 energy company that processes approximately 17,000 utility invoices monthly across a network exceeding 1,500 suppliers, aggregating about $700 million annually in utility expenses.

Centralizing operations in this way has eliminated late fee penalties, providing this organization with a unified view and control of its portfolio, thus reflecting the inherent value of GETCHOICE!'s platform.

From Back Office to Boardroom

The shifting landscape of utility management is pushing it from the back office into boardroom discussions. As utility expenditures gain prominence and volatility, executives in finance and procurement are recognizing the strategic implications of these costs on overall business performance.

Dikmen emphasizes that the current priority isn’t merely about cost reduction—it's about achieving a comprehensive understanding of utility portfolios to securely manage risks and make informed, expedited decisions. GETCHOICE! is committed to addressing this challenge, driving further innovation that integrates data, automation, and procurement expertise, thus enabling clients to gain decisive advantages.

Looking Ahead

There is currently a race to fully integrate various elements of the utility value chain into a cohesive operating framework. According to GETCHOICE!, the true competitive advantage will not be derived from isolated features but from a holistic approach that links data, analytics, payments, procurement, and expert guidance, allowing customers to make rapid and better-informed decisions.

In summary, GETCHOICE!’s remarkable achievements underline the critical role utility intelligence plays in modern enterprise infrastructure. The platform's evolution is emblematic of a larger trend, where utility expenses are redefined as essential to strategic corporate finance.

For further information about GETCHOICE!, visit getchoice.com.