What percentage of a vendor's invoice is incorrect?
Last year Telesoft Corp's. customer base recovered 9% against every dollar spent on Telecom billing for Voice, Data and all other Telecom services through telecom audit. Gartner reports the national average between 7% - 12%, and Telesoft Corp.'s customers found 100% of that national average. The findings translated into a $90,000 reduction in Telecom for every million dollars spent.
Long Term Results
Telesoft Corp.'s telecom audit is powered by our own Invoice Processing system. When an audit is complete and your inventory is clean, you have the option of transferring the results directly into your own system. Your vendor rates and product line items are validated automatically each month, verifying your vendor bills down to the penny. The Invoice Processing system provides you with a long term solution that provides a perpetual telecom audit.
How Do We Do It?
Telesoft Corp. looks beyond the low hanging fruit with detailed analysis of specialty areas including Tax, Tariff, Mileage, Inventory and other niche areas.
Refunds Plus Interest
Each state has specific interest rates that provide for additional compensation when a refund is due. A $100,000 refund can produce an additional 18% from the time of the original billing error. State statutes of limitations provide the ability to go back as far as 7 years in some states.
Physical Inventory
In addition to vendor billing error recovery, your telecom audit will produce a comprehensive physical inventory for you to keep when the audit is complete.