At Cost Management Group (CMG), our expense management approach creates an enhanced telecom accounts payable (AP) process that involves everything from invoice acquisition to bill payment to detailed reports generation.
From fixed-line networks to wireless devices to cloud-based systems, the range of factors involved with TEM is vast. By gaining control of all the aspects surrounding these expenses, your business can save money and focus on other areas to grow even more.
CMG’s easy-to-use IT expense management software gives you complete control of telecom inventory, invoices, orders and other related expenditures. We base our TEM process on three primary components:
Our system creates the quickest, most efficient process to receive, confirm, allocate, process and pay incoming invoices. We proactively monitor vendor billing portals to acquire the invoice ahead of time, preventing late fees or service disruptions for non-payment. We’ll create a customized accounts payable file for your unique accounting platform and environment.
We see expense validation as something much more than just analyzing invoices for billing accuracies. Our service identifies and disputes surcharges and unnecessary fees. We note any service changes, generate required approvals and update inventory records.
Whether you are in information technology or purchasing, CMG does all the legwork in creating an accurate comparison of vendor solutions with current expenditures and inventory, saving you time on vendor evaluation. These results will equip you with the correct information to make the most informed and cost-effective purchase decisions.