Solutions Explorer

Navigate to a Positive Business Outcome

Understanding your company’s intricate needs for processing invoices and managing expenses is the first step in your journey. Being able to see the outcome before you select a solution will not only save you time, but will give you and your team the assurances that you are going down the right path, with the right partner.

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What is your Role?

Select your role to assist you with your buying journey.

Key Finding from Gartner

Recent Gartner survey respondents state that when deploying telecom expense management (TEM), the average total cost of ownership (TCO) reduction of communications services is 13% - with more than two in five enterprises reporting a TCO reduction of between 10% and 20%.   Furthermore, 36% of enterprises saw a reduction of less than 10%.

Market Insights December 20, 2018

A $10,000,000 in Annual Telecom spend

An Average of 13% TCO reduction

would create $1,300,000 in savings

Director/Manager of Accounts Payable

Is your team overloaded with invoices that are in jeopardy of being disconnected?

 

A reliable Expense Management partner should offer services that will manage your invoice from receipt to payment, all while ensuring that the payments are made on time.  A partner should also offer an Invoice Processing service that tracks the entire lifecycle of an invoice. To help you manage the accuracy, processing, and payment of your telecom invoices, one software platform is crucial in managing the invoice’s full lifecycle. This includes loading both paper and electronic invoices into the system, coding the charges, creating an exceptions report, setting up approval for payment, and interfacing with your current financial systems.

During the Set up process, a Work flow will need to be created that is specific to your company’s financial reporting similar to RadiusPoint ‘s Work flow (Click here to see a sample timeline for a set up.)    This Sample Work flow shows a high level view of how we would meet your company’s specific Invoice Processing needs on a daily, weekly and monthly basis. Having one software platform, like ExpenseLogic to fully manage each invoice will ensure payments are made paid on time, error-free.

Some issues that we have resolved for current clients:

  • Eliminate the paper invoices
  • Eliminate late fees
  • Break down the invoice information into intelligent reporting
  • Creation of Accrual files

Accounts Payable, Save over 800% Monthly – Invoice Payment to keep the lights on!

RadiusPoint saved their Client 832% monthly on average

Sample Workflow Chart

What Departments will be involved in your decisions making process?

Ensuring that each department is fully on board with the solution will make the decision making process fool proof.

Did you know?

Sending a paper check is 10 times more expensive than the internal or external cost of sending and receiving an ACH payment, 2015 AFP Payments Cost Benchmarking Survey

Controller/CFO/Finance

Do you have the information that you need to make intelligent business decisions?

 

Interfacing with our Client’s Accounting Software is a standard, regardless of the Accounting software currently used.   Providing the reporting – Accrual file, General Ledger reporting, that you are currently using is great, but enhancing the reporting and delivering it to you at predefined intervals makes it 100% better.

Business intelligence is at the heart of what RadiusPoint’s ExpenseLogic software was written to do. Utilizing the latest in techniques and tools, ExpenseLogic transforms your raw data into immediate cost savings and meaningful insight through real-time, detailed reporting via dashboards, Excel files, PDF’s, etc. to give granular views into your Telecom, Wireless and Utility Invoices through reporting analytics.

Telecom and utility expenses are often the second or third largest business expenses after payroll. ExpenseLogic’s extensive data capture and reporting capabilities will ensure your spend is correct before payment leaves your office. Employing a robust, permissions-based web reporting tool, ExpenseLogic gives each member of your team the exact level of detail they need to be effective.

Creating an amazing software tool is not enough for RadiusPoint, as we also create incredible Return on Investment (ROI) for our Clients month after month. 

Amazing credits/savings that RadiusPoint has achieved for our Clients:

  • A Financial Services firm avoided $2,711.15 in monthly charges on a water invoice. ExpenseLogic identified the error by meter and it was found that there was a leak at the location. The vendor agreed to credit over the normal usage.
  • Over 800 phone lines for a salvage parts dealer were found on the client’s long distance invoice that resulted in over $10K per month in savings.
  • A Nationwide retailer of Eye Glasses and Contacts with 800 locations saved $203,282.86 in 2017 due to optimization of electric and gas services in their deregulated states.
  • $1.4MM in errors billed on A transportation company’s wireless invoices for incorrect data plans. Credits were applied to the invoices and the plans were corrected.
  • Over $500K in credits for a client in 2016 from AT&T for contract rates overages. + $52K in credits for a Healthcare client for lines that were supposed to have been canceled but the vendor didn’t follow through.

Ease of Use is our mantra, and getting started is a simple process. 

Click here to see a sample timeline for a set up.

 

Major Challenges in Telecom Vendor Contracts: One lump sum over $800K!

RadiusPoint saved their Client over $800k dollars due to incorrect data rate plans!

Sample Workflow Chart

What Departments will be involved in your decisions making process?

Ensuring that each department is fully on board with the solution will make the decision making process fool proof.

Is the RadiusPoint solution the right one for your company?

Take a walk through the Solution to determine if we can meet your needs.

CIO

 

Big Data is great, but having the analysis of the Big Data is even better.  Your Expense Management partner should provide the Return on Investment at the 30,000 foot view with supporting documentation to back up the ROI: all tracked with a robust web reporting software tool.   This Data Analysis provides information that allows for strategic business-making decisions that affects hard and soft dollar savings.

Having the telecom, utilities, equipment and facility lease information all in one place, on one software platform makes reporting for location expenses a breeze.  ExpenseLogic is the logical step in managing the expenses while strengthening your Data Analytics.

Ease of Use is our mantra, and getting started is a simple process.  Click here to see a sample timeline for a set up.

Some issues that we have resolved for current clients:

  • Avoid Service Interruptions
  • Reduce staff’s interaction with vendors
  • Break down the invoice information into intelligent reporting in Excel, CSV and PDF
  • Identify past due invoices before Disconnects occur

Client Receives $500k Refund On Their Wireless Bills!

Being overcharged on your Wireless invoice can happen and being prepared to not only identify the overcharge as it happens but to dispute it to prevent the payment, is a must.   So how can you identify the overcharge when the invoice is over 2,000 pages? With the...

Sample Workflow Chart

What Departments will be involved in your decisions making process?

Ensuring that each department is fully on board with the solution will make the decision making process fool proof.

Did you know?

Survey results from corporate practitioners indicate that the median transaction cost for issuing checks ranges between $2.01 and $4.00 per check; the median value for best estimated cost of issuing a check is $3.00.

2015 AFP Payments Cost Benchmarking Survey

Facilities Manager

Managing the utility services and facility expenses is getting more and more complex with the entrance of Internet of Things (IoT) devices.  It is hard enough to try to wade through the complex and cumbersome invoices every month, without even looking for much-needed savings.  RadiusPoint’s services not only compiles the data from each utility invoice, but analyzes the usage data to ensure accuracy and consumption components.  ExpenseLogic is the logical step in managing the expenses while strengthening your Data Analytics.

Ease of Use is our mantra, and getting started is a simple process.  Click here to see a sample timeline for a set up.

Some issues that we have resolved for current clients:

  • Robust Reporting capability to show deposits being held for each location
  • Availability of Service Ordering Portal
  • Break down of usage metrics (kwh, therms, gallons etc.) into intelligent reporting
  • Missing Bill Report Feature

400% ROI – Acquisition Growth = More Work!

  The airline industry is often fraught with service issues and this company with more than 200 airport locations across 6 continents was constantly working to ensure that their ground and cargo handling and other Executive services ranked above industry...

Sample Workflow Chart

What Departments will be involved in your decisions making process?

Ensuring that each department is fully on board with the solution will make the decision making process full proof.

Is the RadiusPoint solution the right one for your company?

Take a walk through the Solution to determine if we can meet your needs.

Telecom or IT Manager

 

Telecom and IT Managers have never been faced with so little time and  so little resources to manage so much Big Data that is now coming from many of their vendors.  The transformation of the IT and telecommunications services has accelerated to a fast paced, ever moving target.  Optimizing the costs and providing Data Analytics to your Business Units has never been easier with RadiusPoint’s services and software tool, ExpenseLogic.

Ease of Use is our mantra, and getting started is a simple process.  Click here to see a sample timeline for a set up.

Some issues that we have resolved for current clients:

  • Availability of Service/Equipment Ordering Portal
  • Split billing for circuits that are billed to more than 1 location
  • Management of all devices and users in 1 porta
  • Reduce staff’s interaction with vendors
  • SQL Query feature that allows for reporting of every field of information required

Is Your Enterprise Facing These Top 5 TEM Challenges?

When deploying a third party service, there will always be pros and cons to consider. If the benefits outweigh the costs, then you’ve reached a verdict. However, determining which items impact your business the most can truly make or break it. The same goes for...

Sample Workflow Chart

What Departments will be involved in your decisions making process?

Ensuring that each department is fully on board with the solution will make the decision making process fool proof.

Did you know?

Improving your Accounts Payable performance is a journey involves the centralization of operations and automation of processes, both of which can be achieved by utilizing an Expense Management provider for your telecom, utility, wireless and IT invoices.

Human Resources

Notification of a new employee or recently terminated employee is the easy part.   Identifying the services, devices or equipment that the employee needs, or must return creates a complex environment of device and equipment management.   Working closely with the HR department, RadiusPoint’s software, ExpenseLogic will create reporting that identifies equipment that must be returned, or equipment that must be assigned out.

 

Ease of Use is our mantra, and getting started is a simple process.  Click here to see a sample timeline for a set up.

Some issues that we have resolved for current clients:

  • Capability to track users by Employee ID
  • Monthly file to show current/previous employees to ensure equipment is returned & services disconnected
  • Capability to track all monthly charges and equipment assigned
  • Portal to identify employee ID during onboarding process

Accounts Payables Save on average 326% monthly. Are your services getting disconnected?

  The Electric company shows up to disconnect the services at your facility, what do you do now? The answer to that question is very important because when a service is disconnected, it WILL take hours to get service re-established, possibly days. Can your...

Sample Workflow Chart

What Departments will be involved in your decisions making process?

Ensuring that each department is fully on board with the solution will make the decision making process full proof.

Is the RadiusPoint solution the right one for your company?

Take a walk through the Solution to determine if we can meet your needs.

Real Estate

Lease management covers not only facilities, but equipment that must be tracked by location or by employee.    When an acquisition or divestiture occurs, the records for facilities and equipment are almost impossible to transition.  RadiusPoint’s services allows complete Project management for your next Acquisition or Divestiture, all while managing the Transfer of Liability within ExpenseLogic, RadiusPoint’s software tool.

Ease of Use is our mantra, and getting started is a simple process.  Click here to see a sample timeline for a set up.

Some issues that we have resolved for current clients:

  • Full management of all leases for each facility
  • Automatically set up and disconnect services at each location
  • Automatic alert if invoice continues to bill for closed location
  • Automatic alert if there are contract obligations for Early Termination fees

Telecom Services Cut Short? Client saves one lump sum over $695K!

RadiusPoint saved their Client over $695K dollars!

Sample Workflow Chart

What Departments will be involved in your decisions making process?

Ensuring that each department is fully on board with the solution will make the decision making process full proof.

Is the RadiusPoint solution the right one for your company?

Take a walk through the Solution to determine if we can meet your needs.