ICONS-INDUSTRIES-08

Increasing Efficiencies

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This Fortune 10 Company initiated a project to increase overall efficiencies throughout the review and audit processes associated with their telecommunication costs. With more than 7000 invoices arriving each month in a paper format. Manually obtaining detailed data from the invoices was extremely cumbersome and cost prohibitive.  Roughly 25 employees were responsible for all non-automated invoices and were struggling to keep up. This organization had to get serious about cost containment and resource optimization to increase profitability and growth.

Challenge

  • Increase processing efficiencies for 7000+ invoices through automation
  • Increase productivity throughout the review and audit phases. Obtain detailed level data from invoices solution.
  • Our professionals performed a thorough analysis of the company’s requirements and aligned a specific solution to meet the client’s objectives. 
  • Our Invoice Data Capture managed service increased visibility and reporting capabilities enhancing the cost management and resource optimization of the operation.

RESULTS

Intelligent Bills found

5 %
LESS IN OVERHEAD COSTS
70 %
REDUCTION IN PROCESSING TIME
99 %
ACCURACY OF INVENTORY
Across more than 90% of Vendors

But that's not all!

Our TEM Solution allowed this client’s team members to gain control of their process and reduce expenses. By utilizing state of the art technology, and/or EDI transmission, all paper invoices were digitized, thereby eliminating manual processes. The client now has complete visibility into their overall network spend and trends as well as actionable reporting to maintain efficiency and effectiveness.

Ready To Be Your Company’s Hero?