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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?


 

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RadiusPoint signs Nationwide Manufacturer

July 09
RadiusPoint announces the new contract for Business Process Outsourcing services for a Nationwide Manufacturer to provide Telecom and Utility Expense Management (TEM & UEM) and Wireless Provisioning services. This contract will create a partnership for RadiusPoint to manage the telecom and utility/energy invoices and expenses for their 356 locations nationwide. 

RadiusPoint
will provide invoice processing and telecom and utility expense management services for telecom, energy, gas, water, sewer and trash services, which includes management of the vendor to ensure accuracy. The services include the management of the invoice from receipt to invoice verification and then archival of the invoice image for future needs. RadiusPoint will also provide the Wireless Management for the procure to pay lifecycle of wireless expenses.
   
This nationwide glass manufacturer had an Accounts Payable staff managing the telecom and utility expenses on a daily basis. “The shear volume of invoices and the complexity of the invoices made this impossible to manage effectively,” states the CIO, “We need RadiusPoint to not only manage the payment of the invoices to ensure on time payments but also the expenses to ensure accuracy of the charges.” 

RadiusPoint’s Telecom Expense Management (TEM) and Utility Expense Management (UEM) services involve a monthly management of the invoices and constant review of the charges from the vendors. The invoices are established in the ExpenseLogic software so that the charges for each location would be allocated appropriately and in a timely manner. RadiusPoint has the invoices processed for payment and allocated within a few days of the receipt of the invoice from the vendor. The timeliness of the services enables the staff to review those important issues or services immediately and at their desktop instead of going through stacks of invoices. 

ExpenseLogic is fourth generation technology-based, problem-solving software,usedto manage the daily issues and invoices that stem from a company’s Telecom, Utility, Energy and IT expenses. To provide a complete solution a Provisioning and Help Desk portal allows a company to centralize and validate the entire Procure-to-Pay Lifecycle.     The organizations will have this feature to manage and maintain the information for all orders placed as their locations continue to grow each year. 

RadiusPoint provides a broad portfolio of business and technology expense management solutions to help its clients worldwide improve their business performance. Core services consist of Business Process Outsourcing (BPO), Software as a Service (SaaS), and License Software with respect to Telecom, Utility, Energy and IT invoice and expenses. RadiusPoint uses ISO 9001 processes and meets government regulated standards (Sarbanes Oxley) through SAS 70 certification. RadiusPoint’s corporate headquarters is based in Memphis, Tennessee with a service office located in Orlando, Florida with services provided worldwide.

 
 
For additional information, please contact:
Jessica Day
RadiusPoint
407-657-4169
jday@radiuspoint.com


 

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