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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?
News & ResearchPress ReleasesJuly 10RadiusPoint Averages 165% ROI for Q01 June 10 RadiusPoint Adds Ty Marquez for Client Support Specialist June 10 RadiusPoint Adds Martin Wells for Business Development Show All... June 10 RadiusPoint Expands Orlando Office March 10 RadiusPoint Enhances Software Offering March 10 RadiusPoint Averages 157% ROI for Q04 January 10 RadiusPoint Averages 188% ROI for Q03 January 10 RadiusPoint Signs Third Party Logistics Organization November 09 RadiusPoint creates Q02 ROI of 234% for National Healthcare Provider November 09 RadiusPoint creates 448% ROI for National Healthcare Provider July 09 RadiusPoint signs Nationwide Manufacturer June 09 RadiusPoint signs partner deal with Lexair May 09 RadiusPoint Expands Business Intelligence October 08 RadiusPoint Signs SMS Holdings August 08 RadiusPoint Expands to Orlando June 08 RadiusPoint Signs Checker's Drive In Restaurant March 08 RadiusPoint Signs Nationwide Restaurant Chain January 08 RadiusPoint named as Hot 100 2007 Fast-Growing Companies in Tennessee December 07 RadiusPoint signs National Vision, Inc. October 07 RadiusPoint to Exhibit at the 2007 BAI Annual September 07 RadiusPoint Contracted by Shelby County Schools August 07 RadiusPoint Recovers Over $180K for Client July 07 RadiusPoint Recovers Over $1 Million for Client July 07 RadiusPoint Begins Heijmans Pilot Project July 07 RadiusPoint signs Check Into Cash, Inc. July 07 RadiusPoint hosts European Representatives July 07 RadiusPoint Begins Heijmans Pilot Project June 07 RadiusPoint signs European Representative in Rotterdam, The Netherlands June 07 RadiusPoint signs Germany Representative June 07 TSG Enterprises Achieves Sarbanes Oxley Compliance Through SAS 70 Audit May 07 RadiusPoint to exhibit at the IAPP Conference in Dallas, TX April 07 TSG Enterprises Announces New Name & Software April 07 RadiusPoint's CEO featured in Vacature Magazine article April 07 RadiusPoint contracted by Cubic Corporation for Expense Management Business Process Outsourcing Services December 06 TSG Enterprises named among the Top Small Businesses in the United States by DiversityBusiness.com |
Press ReleasesRadiusPoint Recovers Over $1 Million for ClientJuly 07July 3, 2007 -- RadiusPoint announces the recovery of $1,087,000.00 for a Fortune 100 Manufacturing client. This recovery is in the form of a refund check and not a reduction to their invoices. The recovery stemmed from the repeal of the Federal Excise Tax that was deemed invalid May 2006. The tax, which was first created in 1898 to help finance the Spanish- American War, most recently was charged at a rate equal to 3% of the total spent on LD, cellular and local calls. The tax law states that all toll charges are based on time and distance. Several years have passed since toll charges have been billed as both time and distance sensitive. In recent years, the charge has been based on the number or fraction of minutes used by the consumer. OfficeMax among other large organizations filed a suit against the IRS regarding the collection of the excise tax, citing that their tax was not being levied against time and distance sensitive toll charges. This type of toll charge was assessed as time sensitive only and that the distance was no longer a factor. This change in the billing practices of the long distance carriers invalidated the 3% tax. After several years of battling, the IRS conceded and agreed to credit back the taxes billed for the past forty-one (41) months for all consumers. Many organizations looked at this as a major win since the removal of the Excise tax against the toll charges would mean an instant three percent (3%) savings on future invoices. The potential of a recovery of the past forty-one (41) months was much more daunting since the invoices had to be reviewed manually to extract the necessary data to provide to the IRS for the refund. The IRS gave the capability for organizations to do a simple calculation on two (2) months of data for the refund; however doing this drastically reduced the amount of recovery for some organizations. This Fortune 100 client of RadiusPoint sought the advice of the staff that handled these recoveries and after several calculations it was determined that this client would recover more with the itemized approach rather than with the simple calculation. RadiusPoint provided the research to gather the necessary data and documents to submit to the IRS to obtain the $1,087,000.00 in recoveries. The necessary data was readily available in the ExpenseLogic software system that RadiusPoint uses on a monthly basis to manage this client’s invoices and expenses. RadiusPoint performed this work on a project or hourly basis to allow the client to retain as much of their recovery as possible. 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 standards to provide services and meets government regulated standards (Sarbanes Oxley) through SAS 70 certification. RadiusPoint’s corporate headquarters is based in Memphis, Tennessee with a service office in the World Trade Center in downtown Rotterdam and an expansion office opening in Istanbul, Turkey. For additional information, please contact: Sharon Watkins RadiusPoint 901-388-3106 sharonwatkins@radiuspoint.com www.radiuspoint.com |
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