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| We process Billions and resolve and save Millions | ||
Expense Management
Late and mis-applied payments are a reality when dealing with any vendor, but given its complexity they are particulary common with telecom payment. Having access to valid data and the experience to reconcile errors is the strength of Control Point Solutions.
With nearly 20 years of TEM experience, we have found a disturbing number of clients who failed to reconcile account balances, had escalating late-payment penalties and could not make disbursements accurately or on time. Control Point Solutions has delivered over $1.5 billion of recurring savings to its clients. With enterprise profit margins growing ever tighter and headcount shrinking, it has become even more important to pay your bills accurately the first time and have clear documentation to support any inquiry.
To address our clients’ needs Control Point Solutions has developed expense management services that provide full-scale end-to-end solutions. We start by analyzing contract, rate and tariff information and validate it against the client’s inventory. Once there is a clear picture, expenses can be allocated back to the usage source for accountability.
Our intimate experience with your Telco vendors provides the insight to efficiently structure disbursements and provide vendors with the absolute detail they need to apply balances correctly. Control Point Solutions is expert at mitigating and resolving disputes when incorrect balances are discovered. We provide the ability to reconcile accounts on a month-to-month basis and supply account/payment history with unparalleled accuracy.
With the ever-increasing financial scrutiny organizations experience today, and the harsher penalties levied as a result of Sarbanes-Oxley compliance, the importance of an enterprise’s ability to make disbursements with confidence have increased greatly. Stricter corporate governance requirements call for the ability to account for every disbursement with precise documentation. Control Point Solutions' Expense Management service provides the industry’s best solution.
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