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.
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RadiusPoint© signs National Vision, Inc.