FOR IMMEDIATE RELEASE
May 29, 2020
Orlando, FL – Great partnerships develop at RadiusPoint as we continue our forward momentum of providing our Client’s best in practice expense management services. A nationwide landscape client partnered with us to provide optimization, expense management and invoice processing management of their Utility services and invoices. This landscaping organization has over 500 service locations throughout the US that provide a full breadth of landscaping services and their staff was tasked with managing over 1,300 invoices per month.
Focusing on the manual processes is the first area of improvement which involves a monthly audit of the invoices during the payment process. This audit not only ensures that any over charges are identified and disputed but that the invoices are paid on time to avoid any disruption of services. Optimization of all invoices especially those in deregulated states will result in a great savings benefit for the Client. 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