Featured
Article
5
Ways to Decrease Telecom Expenses and Increase Visibility
Telecom
services have the most complex invoices of all bills
the enterprise receives. Why are telecom invoices
so complex? Peak vs. off peak billing, volume-sensitivity,
prices based on local calling areas, items that
have fixed charges, complex city, state, and federal
taxes.
Let’s
look at five key areas of invoice management that
will result in a decrease in telecommunications
expenses and greater visibility to costs.
Tip
#1: Consolidate Billing
Enterprises need
to gain control of voice and data spending for the
following reasons:
» Invoices
rarely come to one centralized location making it
difficult to accurately determine the total expenses
with each vendor.
» A single
telecom carrier may have more than a dozen billing
platforms for its services.
» The sheer
number of vendors providing a large enterprise’s
voice and data services can lead to fragmented views
of expenses.
» Varied billing
frequency and intervals make it hard to determine
whether all relevant invoices have been processed.
» Late payment
penalties and uncontrolled service disconnects for
failure to pay bills can be costly.
The solution to these
problems is to consolidate invoices and have the
carrier provide billing in an electronic (i.e. EDI,
CD-ROM, web) media. This will provide a clearer
picture of spending and reduce the expenses to process
invoices.
Get
the next 4 tips in our whitepaper
“5 Ways to Decrease Telecom Expenses and Increase
Visibility."
Product
Spotlight: Telesoft Invoice Management
Automated Invoice Processing, Validation,
and Reporting
The Telesoft Invoice
Management Solution reduces cost per invoice and
speeds processing time by automating the bill payment
process from receipt to accounts payable.
» Reduce
Cost Per Invoice: Eliminate billing errors,
late payment penalties, and uncontrolled service
disconnects. Speed telecom invoice processing time
by automating bill audit, approval, and payment
processes.
» Increase
Efficiencies: Streamline AP management
by delivering a single, consolidated view of expenses
across hundreds of invoices and multiple locations.
» Improve
Cost Visibility and Control: Get total
visibility into your entire telecom environment
with valuable dashboards and reporting to quickly
and efficiently audit invoices, procure new services,
manage contracts and drive down costs.
Learn
more about Telesoft Invoice Management.
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