Invoice Audit Software

10 Things to Spot in Your Invoice Audits

10 Things to Spot in Your Invoice Audits

Invoice audits are those notorious accounting practices that make you feel like you're squirming in the hot seat. You're well aware you have to endure them because they are critical for the health of your company. Much of the complications (and headaches) that arise from invoice audits are trying to interpret the cryptic billing details that might as well be ancient Greek.

Remember that invoices are all about the numbers. Numbers are always math and math will produce the same results. With this in mind, there are certain things to look for in your invoices that are consistent with every company. So take a deep breath and count to 10 - we'll go over 10 things with you to look for in every successful invoice audit. You got this!

Cursory Telecom Invoice Auditing: Software Tools Make it Easy

Cursory Telecom Invoice Auditing: Software Tools Make it Easy

Telecom expense management software can be a useful tool in the process of identifying cursory audit items.  The program can visually show you your invoice queue, reflecting legitimate invoices that are pushed through the tool, providing one month and six month cost trending information along with percentage variances.

Benefits of On-Demand Telecom Expense Management Software

Benefits of On-Demand Telecom Expense Management Software

Software-as-a-Service, or SaaS, can be easy-to-learn and simple-to-use, while still possessing robust capabilities. Through online training and client support teams, the user can expand their use of the tool as their knowledge increases. Upgrades are installed automatically as they are rolled out, usually at no additional charge. SaaS telecom expense management solutions can scale up or down with the users’ volume requirements.

one check per invoice to reduce application errors

one check per invoice to reduce application errors

One of the simplest functions performed as part of the TEM process, is paying the vendors for services.  Many companies, tempted by sending fewer checks, will combine the payments for multiple telecom invoices on a single check, and provide a key to the telecom vendor so that they can apply the payments to correct accounts.

Practice Caution When Auditing Your Telecom Invoices

Practice Caution When Auditing Your Telecom Invoices

Since the break-up of the Bell companies in the early 80s, there have been many new complex telecom technologies, services and plans and a variety of telecom providers that have entered the telecom space. With these complexities, come opportunities as well as threats for telecom users. One of the threats that has come with divestiture has been inaccurate billing, usually caused by the use of legacy billing systems designed to handle a basic, simple mix of circuits and services, and utilizing codes that were developed by the Bell companies around those services.

Telecommunication Invoice: Start with the simple stuff

Telecommunication Invoice: Start with the simple stuff

Telecom expense control – starts with the basics. Do you know the cost of processing only one invoice within your organization? What if you could offload the direct labor involved in processing telecommunication invoices, while reducing strategic business costs at the same time? If this is of interest to you, then you need to contact Valicom today for their best-in-class telecom expense control.