FOR IMMEDIATE RELEASE
Orlando, FL – 2020 is the year of changes and we at RadiusPoint continue our forward momentum of providing our Client’s cost effective solutions and improved internal processes. A nationwide healthcare client partnered with us to provide optimization, expense management and invoice processing management of their Utility and Telecom services and invoices. This healthcare organization has over 140 service locations throughout the US that provide 24×7 healthcare services and their staff was tasked with managing over 420 invoices per month.
Building on the Client’s core values and current processes, RadiusPoint has been deployed to solve problems that had been identified with the processing of the 420+ invoices in a timely manner. Identifying those areas of each invoice that could be optimized was one of the first tasks taken on by the RadiusPoint team. Managing the day to day tasks of getting the invoices processed and paid will allow the Client’s staff to focus on their core services and ensure the services will not be disrupted.
As the telecom and utility vendors provide invoices, errors are inevitable and will occur. RadiusPoint’s intelligent cloud-based SaaS, ExpenseLogic, performs a line item audit for telecom services by wireline and wireless numbers, data circuits as well as utility services by meter number, electricity, gas, and trash, keeping vendors in check with how they are billing the services.
RadiusPoint’s priority is to not only identify those errors on a monthly basis but also reconcile with the vendor to return the overcharges and verify savings with the vendors. A quarterly report is prepared for each client using Key Performance Indicators (KPI’s) to track spending levels and ROI to ensure that their partnership with RadiusPoint is beneficial to their organization.
When errors are identified and reconciled with the vendor, a credit or refund situation is created, avoiding future costs for those same charges. These charges are detailed and reported to the client when the credit on the invoices appears, or when the refund check is received. Thus, the clients’ bottom line is impacted with a positive ROI.
Founded in 1992, RadiusPoint is a leading provider of Telecom Expense Management (TEM), Wireless Expense Management (WEM), Mobile Device Management (MDM), and Utility Expense Management (UEM) services. With corporate headquarters in Orlando, Florida, RadiusPoint provides a broad portfolio of business and technology solutions to help its clients improve business performance worldwide.
For additional information, please contact:
Vice President of Business Development