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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 creates 448% ROI for National Healthcare Provider

    November 09

    RadiusPoint creates 448% ROI for National Healthcare Provider

    Orlando, FL, 11/13/2009 RadiusPoint announces a 448% ROI for a nationwide healthcare provider during the first six (6) months of partnership. A healthcare organization with 275 locations nationwide had several issues that RadiusPoint has been able to resolve. The organization has locations that range in size and vary in services provided – from extended living facilities to complete medical facilities. The organization was having two common issues with decentralized spending and lack of an accurate inventory of telecom services.

    Upon partnering with RadiusPoint it was found that there were no standards being followed when ordering telecom services or when paying telecom invoices. Each location received and submitted payments for their telecom invoices on a monthly basis. The invoices were sent to the individual location and the location then approved the invoice and sent it to corporate for payment. This lag time created past due fees and created headaches for the Corporate Telecom department because management of the services and invoices was impossible.

    RadiusPoint centralized the invoices by contacting each vendor to have the invoices sent to RadiusPoint’s Orlando facility to be processed for payment. Additionally, a concise list of invoices and services was created by location to enable the Corporate Telecom department to readily identify what services were being utilized at each location. Providing this list of costs by location through RadiusPoint’s proprietary software, ExpenseLogic, enabled the Corporate Telecom department the ability to cut costs for services not needed. This reporting also allowed the organization to identify areas where services and equipment could be upgraded or altered to create savings.

    The 448% ROI that RadiusPoint created through this partnership involved savings in the following areas:

    • Elimination of late fees due to decreased time necessary for processing the telecom invoices.
    • Eliminated manual tasks associated with processing the telecom invoices.
    • Created reporting that identified overcharges and eliminated those overcharges.
    • Created reporting that increased efficiency.

    Additionally RadiusPoint identified and received on behalf of the Client, almost $19,000 in refunds that went directly to the organizations bottom line.

    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, used to 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
    www.radiuspoint.com



     

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