RadiusPoint©, A TSG Enterprises Company announces the achievement of SAS 70 certification in January 2007. RadiusPoint© is one of a very few Telecom and Energy/Utility Expense Management providers that have this type of certification. This certification will assure the clients of RadiusPoint© that audited processes are being followed that will ensure the timely payment of their invoices and the ethical handling of all monies managed by RadiusPoint©.

Publicly held companies must follow Sarbanes-Oxley (SOX) regulations and many privately held companies are following suite because of the governing and transparency that is achieved. Congress passed the Sarbanes-Oxley Act in 2002 and there was a period of 3 years before the laws were enforced for the larger public companies in 2005.

Because of the high cost of corruption that has created many problems for organizations whether public or private, the government developed the groundwork for the SOX regulations, which will periodically change. The business excesses were created from some of the more notorious companies that took “liberties” in reporting their financial statements. The effort on the part of the government was to ensure to the stockholders and the public that the financial statements made by the publicly traded company was solid. Today the CEO and the CFO of these companies must sign off on the financials and any discrepancies that are found to be intentional could lead to fines and imprisonment.

Any company that deals with presenting invoices for payment or managing the payment process should be SAS 70 certified. This would encompass Telecom Expense Management (TEM) and Energy/Utility Expense Management (UEM) firms since they are receiving the invoices from the vendor and presenting them for payment to their clients. 

RadiusPoint© uses their proprietary software ExpenseLogic™, to manage many of the processes needed to comply with the SAS 70 audit. Many manual steps can be automated and the outcomes checked by a person. This automation allows the RadiusPoint© staff to easily audit their daily tasks completed for each client. 

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© is ISO 9001:2000 certified and meets government regulated standards (Sarbanes Oxley) through SAS 70 certification. RadiusPoint’s© United States Corporate Headquarters is based in Memphis, Tennessee with an International office in the World Trade Center in downtown Rotterdam, the Netherlands and an expansion office opening in Istanbul, Turkey.
 
For additional information, please contact:
RadiusPoint
1-844-733-2395
sales@radiuspoint.com
www.radiuspoint.com