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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

  • Managed Services
  • Professional Services
  • Licensed Software
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    Licensed Software

    The Expense Logic Sofware Suite
    ExpenseLogic Overview
    Invoice Processing
    Contract Compliance
    Error Detection
    Provisioning Service & Equipment Portal
    Asset Management
    Key Solutions  
    Add On Features
    Platform
    Key Benefits
    ExpenseLogic Report Resources
    Case Studies


     

    Licensed Software

    Invoice Processing


    The Invoice Processing solution consists of many facets that will enable the Finance department to process and pay the invoices accurately and on time.  This is the administrative heart of the ExpenseLogic Expense Management software system, where the management of the vendors, invoices, contracts, expenses and cost allocations begin.  This solution gives full analysis of all expenses, meeting basic to advanced financial reporting needs.
    • The business or organization defines the vendors to be managed and paid monthly.  The vendors are set up in the software with the business or organization’s vendor codes to ensure proper delivery of payment.  Vendor contract terms and conditions are set in the software to ensure contract compliance and Vendor Service Level Agreements are tracked for compliance and fulfillment.
    • Each invoice currently being received by the business or organization is set up in the software with a distinct account number given by the vendor.  All specific account information is set up for ease of electronic or manual entry on a monthly basis.  Invoice information is linked to applicable contract information for monthly audits of contract compliance.
    • Specific contract information is entered into the software and connected to applicable invoices to ensure contract compliance on a monthly basis.
    • Expenses for each type of service, energy, gas, telephone, mobile, etc. will be tracked in its own category for ease in reporting fluctuations over periods of time.  Each expense can be reviewed for a variance of percentage or cost set by the end user.   Accrual files created based on the business or organization’s needs are a critical component of adding ease of reporting for the end user.  
    • A critical component of the entire process allows each cost to be allocated to a specific company, department or user as required by the business or organization.  Split cost options by percentage or dollar amount are available, as well as, adding cost to specific charges as needed for essential business operating capital.  
    Importing Vendor Invoices/Paper Invoice Entry
    Screenshot: Importing Vendor Invoices/Paper Invoice Entry
    ExpenseLogic is based on smart technology that allows for paper and electronic vendor-based software, EDI or Internet downloads.

     

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