RadiusPoint Averages 476% ROI for Q04 | Orlando, FL, April 17, 2014–RadiusPoint announces the average savings for their clients for the fourth quarter of 2013.  The average Return on Investment that clientsachieved is 476% for the fourth quarter of 2013. RadiusPoint prepares quarterly reports so that each Client can track their spending levels and Return on Investment to ensure that the partnership with RadiusPoint is of benefit to their organization. RadiusPoint provides Business Process Outsourcing services for Telecom, Utility, and Loss Prevention Expense Management services, as well as Support Desk services for placing orders for services and equipment.
During the monthly audit, RadiusPoint was able to identify errors on their client’s local service billing for services that are under contract, but then found that the contract rate had not been applied. This error affected multiple clients. ExpenseLogic identified over $400K in refunds, while RadiusPoint achieved those refunds for these clients. RadiusPoint’s proprietarysoftware allows for a line item audit. This monthly audit encompasses services for landlines, data circuits, wireless services, energy, gas, and trash.  Errors are identified and reconciled with the vendor, which creates a credit or refund situation and avoids any future costs for those same charges. These charges are detailed and reported to the client when the credit on the invoices appears or the refund check is received. These activities impact the client’s bottom line, while ensuring a positive ROI.
RadiusPoint’s Telecom Expense Management (TEM), Utility Expense Management (UEM), and Loss Prevention Expense Management (LPEM) 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 will 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 sixth 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. All of this functionality for Telecom and Utility invoices and expenses are provided on one software platform, which is unique in the Expense Management field.
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 Licensed Software with respect to Telecom, Utility, Energy, IT, and Loss Prevention invoice and expenses. RadiusPoint uses ISO 9001 processes and meets government regulated standards (Sarbanes Oxley) through SSAE No. 16 certification. RadiusPoint has corporate headquarters based in Orlando, Florida, and provides services worldwide.
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