Telecom Expense Management - Invoice Reconciliation

“7% to 12% of telecoms service charges are in error. For large enterprises, such errors are costing more than $8 million a year in lost profits” Aberdeen Group, Inc

At the heart of business automation is the MDSL ‘Invoice Reconciliation’ component that helps organizations to automate the control of telecom expenses and better validating incoming invoices.

The unique MDSL ’Invoice Reconciliation’ module allows you to simplify the telecom invoice process:

Import bills electronically, including CD ROM, XML, EDI, web download, or manually enter paper invoices as required.
Reconcile invoices against contracts, rate tables, tariffs, actual physical network, previous bills, …
Enable quick analysis of discrepancies when bills do not match inventory or where the amount billed seems out of line.
Create and allow you to track any dispute cases with your service providers

By applying automation to the billing error problems, TEM processes many more bills more quickly – and more accurately – than manual labor can. TEM allows you to concentrate on your procurement and telecom analytics expertise and relieve you from the difficult and complex tasks of checking vendor invoices.

MDSL ‘Invoice Reconciliation’ Benefits

“Organizations can routinely save more than 10 percent of their annual telecommunication expenses by systematically checking their carrier bills against equipment and services in use. Best practices include implementing telecom expense management packages.” Gartner, Inc.

Identifies automatically bill/contract discrepancies for optimum savings
Reduces labor costs of bill input and handling
Improves accuracy of billing process
Allows tracking of carrier cost disputes
Improves cost reporting capabilities

World leading OnDemand Cost Management Company

Telecom Expense Management & Market Data Management

Telecom Expense Management - Invoice Reconciliation

MDSL ‘Invoice Reconciliation’ Benefits