The Challenges of Telecom
Expense Management
If your company is spending
over $10,000 dollars per month on telecom services, the finance
department is probably inundated with paper invoices and challenged
to reconcile inventories, verify charges, process charge backs
to department cost centers, process payments and dispute charges
with a multitude of service providers, including cellular phones,
local and long distance services, Internet and WAN/data communication
circuits.
Statistics
and Facts
| • |
According to industry research,
85% of all enterprises pay
telecom invoices with minimum or no validation process. |
| • |
Most telecom invoices are difficult to
understand and have billing errors |
| • |
Companies spend extensive resources dealing
with the complex
life cycle of telecommunication services. |
| • |
80% of billing analysts time is spent
on billing disputes |
The Solution - TRIWatchdog
TRIWatchdog
streamlines management processes, implements business intelligence
enabled by web based technologies integrating multi-department activities
dealing with the procurement, provisioning, inventory, bill processing
and validation for all carrier services for voice, data, wireless,
and internet applications.
TRIWatchdog
is a comprehensive software package that integrates with your business
processes, offering flexibility in the accurate management of telecom
costs. What you get is peace of mind that you are being charged contractual
rates only for the services you are using and an efficient way to
allocate billing, generate reports and monitor all telecom costs.
TRIWatchdog
can handle all CD, EDI, custom and manually input vendor invoices.
| • |
Invoice processing is customized to
the workflow and includes management of vendors, data and equipment. |
| • |
Invoice audits are an automatic daily
operating procedure. |
| • |
All processes of receipt, approval, allocation,
posting and payables become automated. |
| • |
Accounts Payable has direct access into
the system for automatic timely payment of invoices. |
| • |
Customized reports can be generated for
cost center managers, telecom managers and executives |
The Benefits
| • |
Provides visibility and control
over telecom life-cycle activities |
| • |
Streamlines and improves telecom management |
| • |
Reduces costs |
| • |
Increases productivity |
| • |
Saves time |
Discover cost savings, productivity
improvements, and peace of mind. Ensure your telecom management is
streamlined, and save time shuffling papers from one department to
another. Reports generated and viewed on line can also assist you
in negotiation of better contracts with vendors, inventory management
and data control.
