ExpenseLogic

In today’s tight labor market, ensuring that your invoices are paid on time can be a never ending issue Getting behind is not an option but happens often when more invoices come in to be processed but there is not enough staff to handle the work

Some issues that we have resolved for current clients:

• Eliminate the paper invoices
• Break down the invoice information into intelligent reporting
• Creation of Accrual files Managing the contract is the first step in ensuring that the rates promised during the sourcing and proposal process are being delivered It assures and that any rate changes and discounts are realized on your bottom line With RadiusPoint, all contracts can be attached in the software for easy desktop retrieval Contracted rates are used to audit each applicable line item on the invoice

ExpenseLogic can set a limit for any line item detail identified in a contract, creating one of the most thorough continuous audits in the industry Meticulous management of the contract ensures that the rates promised during the Proposal and Sourcing phases are being delivered, and that the savings show up on your bottom line

Contract Management is easy with ExpenseLogic’s Contract Management database The Contract Management database ties the service or devices and equipment with the contract and gives the capability to view the actual contract document Email notification 90, 60 days prior to expiration ensures that your contract expirations won’t be missed

Amazing credits/savings that RadiusPoint has achieved for our Clients.

• A Financial Services firm avoided $2,711
• 15 in monthly charges on a water invoice
• ExpenseLogic identified the error by meter and it was found that there was a leak at the location
• The vendor agreed to credit over the normal usage
• Over 800 phone lines for a salvage parts dealer that were not on the client’s long distance invoice that resulted in over $10K per month in savings
• A Nationwide retailer of Eye Glasses and Contacts with 800 locations saved $203,282
• 86 in 2017 due to optimization of electric and gas services in their deregulated states
• $1
• 4MM in errors billed on transportation companies wireless invoices for incorrect data plans
• Credits were applied to the invoices and the plans were corrected

Errors on Invoices that need research

Billing errors are the scourge of an efficient organization, and most companies don’t have the time or personnel for auditing and reconciliation of every invoice RadiusPoint’s invoice audits, error identification and reconciliation produce a savings of over 25% with no sales, no carrier or vendor changes required

The reason is RadiusPoint’s software ExpenseLogic, takes the guesswork out of auditing and reconciling invoices on a monthly basis Limits are set for each line item and then ExpenseLogic audits against them on each and every invoice for maximum vendor accountability This billing invoice validation process is a proactive expense management approach and a proven method for saving money

Late Fees From Vendor

Service disconnects can be costly, not only from the time it takes to research the past due charges, but also from the reconnection fees and service interruptions Loss of business can cost thousands of dollars for each day that a location cannot conduct business Avoiding the service interruptions should be priority number one for any Accounts Payable department

The RadiusPoint Invoice Processing service tracks the entire lifecycle of an invoice The ExpenseLogic platform helps you manage the accuracy, processing, and payment of your telecom invoices This includes loading both paper and electronic invoices into the system, coding the charges, creating an exceptions report, setting up approval for payment, and interfacing with your current financial systems