Telecom Services
Invoice Management
This module reconciles telecommunication assets and orders against invoices and reports any discrepancies. In addition this module will provide a workflow for approval of invoices that will be configured to meet your business processes.
It will consider the last month’s telecoms expenditure when processing invoices and notify the appropriate user of any substantial differences or discrepancies. This will be further analysed by a supporting telecoms specialist who will provide evidence of billing errors in order and support rebate claims with the appropriate network provider.
Our Data Analyst can, where agreed, will communicate directly with the telecoms network provider to bring all billing errors to resolution utilising the tracking of errors available through the telecoms dispute management module.
Also included within this module is the ability to allocate costs throughout your organisation via a number of different options. Further, all savings identified through the use of Veropath can be tracked and monitored, giving visibility of saving area, forecasted saving value and actual saving value.
In addition, the module will provide early indication where a saving area will potentially shortfall the forecasted spend level within a 12 month period. Our Data Analyst will then work with you to initially understand the reasons for the potential shortfall and agree an appropriate course of action to ensure telecoms savings are achieved.
Reliable invoice data that you can clearly understand
Invoice management enables you to:
- Bill check and validate invoices against orders and contracted tariffs
- Allocate telecommunication costs and forecast spend by cost centre, operating company, group, division, location or project
- Centralise management of multiple telecom network providers
- Produce accurate financial reporting – Actual vs. Budget vs. Projected
The Veropath platform’s telecoms invoice management allows you to control areas such as approval rights, user access and invoice review – as well as preventing human error, thanks to total data integrity. You now have reliable and accurate data which you can touch, feel and understand, rather than just seeing a final figure on an invoice!
Invoice Management - Benefits
- Ensures telecom bills are accurate prior to payment, removing the need to claw back overpayments
- Improves governance through transparency whilst also making budget holders accountable
- Focuses cost reduction effort on high value areas and improves budget management
- Demonstrates the success of cost reduction activities
- Removes the need for manual analysis, reducing manpower costs and improving accuracy