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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 AuditAccording to Gartner research, 3-9% of telecom invoices are billed in error favoring the vendor. RadiusPoint’s proprietary software, ExpenseLogic takes the guesswork out of the monthly audit of each invoice by setting limits for each line item, and then auditing against those line items on each invoice. Automation of the monthly audit process is the key to managing all expenses that appear on the invoices, and a Proactive Expense Management approach is a proven method for saving money. Some invoices are prone to fluctuation because a contract rate is not in effect; other invoices are on flat rates that are billed on a contract. ExpenseLogic will identify any percentage of fluctuation and will audit on a specific dollar amount that is set as the limit. This flexibility allows your RadiusPoint account team to go through mountains of paper or multiple invoices of electronic data in a matter of minutes each month, identifying those invoices that need further investigation. On those invoices found in error, RadiusPoint will contact the vendor to place the charges in dispute and will request refunds where applicable. RadiusPoint’s track record has proven that an average of 7% can be saved on Utility invoices alone. |
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