Orlando, FL, November 16, 2009
RadiusPoint© announces a 234% ROI for a nationwide home health provider during the second quarter of 2009. A home healthcare organization with 600 locations nationwide had several issues that RadiusPoint© resolved as a result of this partnership. The organization has multiple locations in numerous states, as well as home workers or telecommuters. The locations range in size and vary in service provided. This organization was having two common issues with lack of resources to manage the invoices and telecom spend and lack of automation.
Upon partnering with RadiusPoint©, it was found that there were impeccable records of inventory by location, but the lack of resources to manage the invoices made it impossible to determine all of the charges that were billed to each number. Because of the lack of resources to audit the invoices monthly, there were erroneous charges and non-contract rates billing in error.
RadiusPoint© set up each individual phone number with all services billed to each number identified, in RadiusPoint’s© proprietary software, ExpenseLogic™. ExpenseLogic™ allows for monthly processing in an automated formatted, which makes it quick and easy to view each charge billed on the invoice. This in-depth review uncovered multiple locations that were not receiving contract rates from a major telecom vendor. This overcharge resulted in credits for more than eight (8) months on numerous locations. RadiusPoint© was also able to set the correct contract rates as limits in ExpenseLogic™ so that a monthly audit will be performed.
RadiusPoint© created savings in the following areas:
- Created automation that eliminated manual tasks associated with processing the telecom invoices.
- Created reporting that identified overcharges and eliminated those overcharges.
- Created reporting that increased efficiency and over costs.
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.
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