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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 ServicesInvoice ProcessingThe RadiusPoint Invoice Processing service will follow the entire lifecycle of an invoice from processing, including entry into ExpenseLogic through to the payment and archival of the invoices with date feeds to your Accounts Payable, GL and accrual file, to payment of the invoice. RadiusPoint will receive your telecom, IT and utility invoices from your vendors and carriers and will load those invoices (paper, electronic, etc.) into ExpenseLogic. RadiusPoint then ensures the invoices are allocated correctly and submitted to our client’s accounting software with a client-specified data file for chargeback to the proper department, location or individual. The invoices are then mined for errors and disputes are issued to the vendors for error reconciliation. This ensures the invoices are processed correctly, without errors and prevents late fees from hitting your invoices. The invoices are then scanned and archived for easy retrieval across company departments to round out the entire lifecycle of the invoices with a proactive Expense Management approach. Case Studies |
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