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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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    Press Releases

    RadiusPoint signs National Vision, Inc.

    December 07

    Memphis, TN  RadiusPoint announces the new contract for Business Process Outsourcing services for National Vision, Inc. to provide Utility Expense Management (UEM) services to manage the utility/energy invoices and expenses for their locations.  RadiusPoint will provide invoice processing and utility expense management services for 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 payment and then archival of the invoice image for future needs.  RadiusPoint also provides contract compliance reviews on a monthly basis and error detection and reconciliation to offer a complete utility/energy expense management solution. 

    With approximately 500 units, National Vision, Inc. is the nation's fourth largest optical company in terms of locations. There are five separate retail divisions offering a variety of products and services for eye care and eyewear needs. There are over 250 Vision Centers throughout the nation in select Wal-Mart stores.  Conveniently located within Fred Meyer, one of the strongest superstore chains in the country, The Optical Shoppe provides great selection and service with the ease of one-stop shopping.  National Vision Optical operates 35 stores located on Military Exchanges throughout the United States.

    The need for a Utility Expense Management solution (UEM) was apparent as the number of locations continues to grow each year.   “An organization must look at the number of locations that each Accounts Payable staff can handle effectively, on a monthly basis”, states Sharon Watkins, CEO of RadiusPoint.  “National Vision has a strong Accounts Payable department and strong leadership for the department, but Telecom and Utility invoices are different and sometimes an organization needs a little help to get these invoices processed and audited” states Watkins.

    RadiusPoint’s Utility Expense Management and Telecom Expense Management services involve a monthly management of the invoices and constant review of the charges from the vendors.  The invoices are established in the software so that the charges for each department 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. 

    RadiusPoint developed ExpenseLogic, a single platform solution for Telecom and Utility Expense Management.  RadiusPoint, a technology-based company was developed specifically for those organizations that are seeking an expense management solution for Telecom, Utility, Energy and IT expenses on one software platform.   Providing this single solution platform is a key differentiator in the Telecom Expense Management (TEM) and Utility Expense Management (UEM) industry. 

    ExpenseLogic is a 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.  The Provisioning and Help Desk portal allows a company to centralize and validate the entire Procure-to-Pay Lifecycle.  The National Vision staff will use this feature to manage and maintain the information for all orders placed as their locations continue to grow each year. 

    The RadiusPoint solution will benefit and assist small to the very large multiple location or department organizations in the areas of Finance, Operations and Technology.  Most organizations will see a Return on Investment within the first six months of utilizing the RadiusPoint solution.  RadiusPoint enters at the point of Utility and Telecom Expense Management confusion and brings centralization and validation to the procure-to-pay lifecycle of Telecom, Utility, Energy and IT expenses.  

    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 9001:2000 certified processes and meets government regulated standards (Sarbanes Oxley) through SAS 70 certification.  RadiusPoint’s corporate headquarters is based in Memphis, Tennessee with services provided worldwide.

    For additional information, please contact:

    Sharon Watkins
    RadiusPoint
    901-388-3106
    swatkins@radiuspoint.com
    www.radiuspoint.com



     

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