Invoice Auditing

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!

Telecom & Wireless Management: Invoice Auditing

Telecom & Wireless Management: Invoice Auditing

As we discuss pain points of telecom and wireless management, this one will probably be most familiar to readers.  Invoice auditing is a long time tactic for reducing telecom expenses.  Even if you just do a cursory overview of your bills each month, you can often spot problems that can be corrected to save money. 

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.

Telecom Savings Case Study: Cursory Telecom Invoice Auditing

Telecom Savings Case Study: Cursory Telecom Invoice Auditing

Want a good example of low hanging fruit?  Cursory telecom invoice auditing.  Whether you do it yourself via a web-based telecom expense management software like Clearview, or hire an outside TEM firm to do it for you, this is a first step in cleaning out your telecom closet.   Cursory auditing just means identifying, flagging, and correcting easy-to-find issues during regular telecom invoice processing.  In other words, actually LOOK at your bills and see what is wrong.

Cut Telecom Costs by Managing Your Local Calling Plans

Cut Telecom Costs by Managing Your Local Calling Plans

When conducting local service telecom phone audits, some of the most common cost reductions opportunities are due to a need for a local calling plan or un-needed local calling plans already in place.  These are typically not large cost saving items, but can add up over time, and are very easy to implement.

Telecom Tactic #4: Telecom Invoice Auditing – Wireline

Telecom Tactic #4: Telecom Invoice Auditing – Wireline

This is where the rubber meets the road.  Telecom invoice auditing.  Every piece of paper that comes into your office from a carrier is a place to save money.  Incorrect charges, setup fees you were never supposed to pay, items not billing to contract terms – there are a lot of reasons you are paying too much for your telecom services.