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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?
Solutions |
Licensed SoftwareThe Expense Logic Sofware SuiteIn today’s rapidly evolving business environment, information and knowledge represent primary resources that are a must have for any organization to succeed. Access to accurate information in any given situation is the decisive factor in the ability to manage long-term strategies and make informed, swift business decisions. Profit responsibility demands that business expenses and services be broken down to the level where they can be efficiently monitored and tracked. The ability to supply tailored solutions in the form of pre-packaged services and software rather than a complete infrastructure change is more important than ever. In fact, the ability of an Expense Management supplier to serve each client on the basis of their specific requirements is not only essential but advantageous. At the same time, this places significant demands on agreements, pricing, invoices, procedures and quality assurance for service components. The problem is not simply to limit the cost, but also to use the resources where they can generate greater added value and clear customer benefits. Telecom/IT and Energy/Utility are no longer regarded as isolated resources. Rather, each area of expense must be treated as a part of the whole business operation that must be managed separately but together. This new information structure places complex demands on providing precisely defined expenses. ExpenseLogic’s technology-based, problem-solving software solution concentrates the strength and energy of the software, skills and experience – addressing and meeting the unique business challenges for each client. |
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