Invoice Auditing with Error Identification and Reconciliation
Billing errors are the scourge of an efficient organization, and most companies don’t have the time or personnel for auditing and reconciliation of every invoice. RadiusPoint’s invoice audits, error identification and reconciliation produce a savings of over 25% with no sales, no carrier or vendor changes required. The reason is RadiusPoint’s software ExpenseLogic, takes the guesswork out of auditing and reconciling invoices on a monthly basis. Limits are set for each line item and then ExpenseLogic audits against them on each and every invoice for maximum vendor accountability. This billing invoice validation process is a proactive expense management approach and a proven method for saving money.
Some of the savings indicators we see are:
Many small office locations
Decentralized: all bills sent to various office locations
Frequent changes in lines, service address, features, or configurations
No dedicated staff to manage new service adoption or service migration (e.g., VoIP MPLS)
Rapid network expansion or contraction without managing consolidation of service contracts
Mergers, acquisitions, divestments, or sales channel changes
No continual management of contractual commitments or expiration dates
No management of rebates, allowances and discounts
No ongoing optimization of contract terms
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1211 State Road 436, Ste. 295
Casselberry, FL 32707
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