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Lack of resources
Many companies have down-sized the staff that processes their telecom and utility invoices. With the increased invoice lead time and multiple invoice types for all locations, most companies already do not have the staff to analyze and audit the invoices from procurement to payment of the invoice. How can RadiusPoint manage the entire telecom and utility invoice lifecycle?
Lack of accurate inventory
Most companies do not have an up-to-date inventory of the services, equipments and contracts that make up their entire telecom and utility environment. The multiple vendors and carriers involved with these services and a decentralized ordering process are most often the culprit. How can RadiusPoint help your organization?
Lack of automation
Processing each invoice takes time and finding errors within these invoices takes even more time. Achieving invoice payment and validating each charge on the invoice is the ultimate goal and responsibility of the Accounts Payable department and many companies do not have the staff or technology it takes to fully analyze and pay the telecom and utility invoices. How many late payments are assessed to your organization for not getting the invoice processed and paid in time? Find out how RadiusPoint's ExpenseLogic software can assist your organization.
Decentralized/maverick spending
Enterprise customers with multiple locations and multiple employees who are allowed to place orders for services and software experience maverick every day. A decentralized ordering process creates confusion within the organization and creates an increased expense due to the inability to use centralized spending for global purchasing power and leverage existing contract rates for the most competitive pricing for telecom and utility requirements. Find out now how RadiusPoint can control maverick spending and create a centralized order repository for your organization's telecom, IT and utility invoices and services.
Insufficient Expertise
Most telecom and utility analysts within an organization only analyze the service costs for the current month compared to the previous month. Most organizations do not have the staff with the level of expertise necessary to perform detailed analysis of these invoices and services. How can RadiusPoint's certified staff help you manage your telecom and utility invoice lifecycle?
News & ResearchPress ReleasesJuly 10RadiusPoint Averages 165% ROI for Q01 June 10 RadiusPoint Adds Ty Marquez for Client Support Specialist June 10 RadiusPoint Adds Martin Wells for Business Development Show All... June 10 RadiusPoint Expands Orlando Office March 10 RadiusPoint Enhances Software Offering March 10 RadiusPoint Averages 157% ROI for Q04 January 10 RadiusPoint Averages 188% ROI for Q03 January 10 RadiusPoint Signs Third Party Logistics Organization November 09 RadiusPoint creates Q02 ROI of 234% for National Healthcare Provider November 09 RadiusPoint creates 448% ROI for National Healthcare Provider July 09 RadiusPoint signs Nationwide Manufacturer June 09 RadiusPoint signs partner deal with Lexair May 09 RadiusPoint Expands Business Intelligence October 08 RadiusPoint Signs SMS Holdings August 08 RadiusPoint Expands to Orlando June 08 RadiusPoint Signs Checker's Drive In Restaurant March 08 RadiusPoint Signs Nationwide Restaurant Chain January 08 RadiusPoint named as Hot 100 2007 Fast-Growing Companies in Tennessee December 07 RadiusPoint signs National Vision, Inc. October 07 RadiusPoint to Exhibit at the 2007 BAI Annual September 07 RadiusPoint Contracted by Shelby County Schools August 07 RadiusPoint Recovers Over $180K for Client July 07 RadiusPoint Recovers Over $1 Million for Client July 07 RadiusPoint Begins Heijmans Pilot Project July 07 RadiusPoint signs Check Into Cash, Inc. July 07 RadiusPoint hosts European Representatives July 07 RadiusPoint Begins Heijmans Pilot Project June 07 RadiusPoint signs European Representative in Rotterdam, The Netherlands June 07 RadiusPoint signs Germany Representative June 07 TSG Enterprises Achieves Sarbanes Oxley Compliance Through SAS 70 Audit May 07 RadiusPoint to exhibit at the IAPP Conference in Dallas, TX April 07 TSG Enterprises Announces New Name & Software April 07 RadiusPoint's CEO featured in Vacature Magazine article April 07 RadiusPoint contracted by Cubic Corporation for Expense Management Business Process Outsourcing Services December 06 TSG Enterprises named among the Top Small Businesses in the United States by DiversityBusiness.com |
Press ReleasesTSG Enterprises Achieves Sarbanes Oxley Compliance Through SAS 70 AuditJune 07RadiusPoint, A TSG Enterprises Company announces the achievement of SAS 70 certification in January 2007. RadiusPoint is one of a very few Telecom and Energy/Utility Expense Management providers that have this type of certification. This certification will assure the clients of RadiusPoint that audited processes are being followed that will ensure the timely payment of their invoices and the ethical handling of all monies managed by RadiusPoint. Publicly held companies must follow Sarbanes-Oxley (SOX) regulations and many privately held companies are following suite because of the governing and transparency that is achieved. Congress passed the Sarbanes-Oxley Act in 2002 and there was a period of 3 years before the laws were enforced for the larger public companies in 2005. Because of the high cost of corruption that has created many problems for organizations whether public or private, the government developed the groundwork for the SOX regulations, which will periodically change. The business excesses were created from some of the more notorious companies that took “liberties” in reporting their financial statements. The effort on the part of the government was to ensure to the stockholders and the public that the financial statements made by the publicly traded company was solid. Today the CEO and the CFO of these companies must sign off on the financials and any discrepancies that are found to be intentional could lead to fines and imprisonment. Any company that deals with presenting invoices for payment or managing the payment process should be SAS 70 certified. This would encompass Telecom Expense Management (TEM) and Energy/Utility Expense Management (UEM) firms since they are receiving the invoices from the vendor and presenting them for payment to their clients. RadiusPoint uses their proprietary software ExpenseLogic, to manage many of the processes needed to comply with the SAS 70 audit. Many manual steps can be automated and the outcomes checked by a person. This automation allows the RadiusPoint staff to easily audit their daily tasks completed for each client. RadiusPoint provides a broad portfolio of business and technology expense management solutions to help its clients worldwide improve their business performance. Core services consist of Business Process Outsourcing (BPO), Software as a Service (SaaS) and License Software with respect to Telecom, Utility, Energy and IT invoice and expenses. RadiusPoint’ is ISO 9001:2000 certified and meets government regulated standards (Sarbanes Oxley) through SAS 70 certification. RadiusPoint’s United States Corporate Headquarters is based in Memphis, Tennessee with an International office in the World Trade Center in downtown Rotterdam, the Netherlands and an expansion office opening in Istanbul, Turkey. |
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