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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 SoftwareExpenseLogic OverviewExpenseLogic supports your Financial, Operations and IT/Telecom departments with real-time access to important data to effectively and efficiently manage the expenses of each department. Multiple features including cost allocations, advanced data analysis, procurement of services and equipment and asset tracking are just a few of the advantages of using ExpenseLogic on a daily basis. As well, to maintain full accountability, actual invoice images including call detail can be viewed at any time. Why is ExpenseLogic Expense Management important? With the increasing pressure to manage and optimize all expenses, using a tool to manage efficiently and effectively is a must for any progressive organization. The Telecom/IT and Energy/Utility expenses come in as the second and third largest expenses behind payroll and both types of services have complex billing and services to manage. ExpenseLogic Expense Management supports the growing infrastructures and complex demands for detailed follow-up in the continual hunt to improve quality of services, profitability and resource planning. Who needs ExpenseLogic Expense Management? ExpenseLogic Expense Management is designed for organizations striving for transparency in their Telecom/IT and Energy/Utility operations. ExpenseLogic provides a single platform solution for the expenses and invoices for Telecom/IT and Energy/Utility expenses. This centralized location maintains basic and advanced business operations information such as vendors, services, orders placed, contract and lease terms and assets/equipment. Enabling the organization to manage multiple vendors, end-users and purchases on a daily basis brings greater value added proposition and is the leading software solution on the market today. RadiusPoint’s licensed software solution will fit your organization’s needs and your budget. ExpenseLogic is scaleable to your organization’s size and the set-up and license can be tailored to your specific needs. ExpenseLogic is currently being used for Fortune 100 organizations down to small county governments with 50 locations. The ExpenseLogic software suite delivers Business Intelligence that you and your staff needs to proactively manage the telecom and utility expenses of your organization from the entire lifecycle of the telecom or utiility invoice; from receipt, processing, payment and archival, to auditing for errors, asset and inventory management, provisioning and a dashboard for Business Intelligence. Operational analysis and tracking are done in a secure environment using defined business dimensions. The software solution consists of five main drivers:
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