RadiusPoint© announces the new contract for Business Process Outsourcing services for a Nationwide Manufacturer to provide Telecom and Utility Expense Management (TEM & UEM) and Wireless Provisioning services. This contract will create a partnership for RadiusPoint© to manage the telecom and utility/energy invoices and expenses for their 356 locations nationwide.
RadiusPoint© will provide invoice processing and telecom and utility expense management services for telecom, 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 invoice verification and then archival of the invoice image for future needs. RadiusPoint© will also provide the Wireless Management for the procure to pay lifecycle of wireless expenses.
This nationwide glass manufacturer had an Accounts Payable staff managing the telecom and utility expenses on a daily basis. “The shear volume of invoices and the complexity of the invoices made this impossible to manage effectively,” states the CIO, “We need RadiusPoint© to not only manage the payment of the invoices to ensure on time payments but also the expenses to ensure accuracy of the charges.”
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.