Find Resources through Improved Operational Efficiency
Competing in the telecommunications industry requires significant and continuous investment back into your business. But, outsourcing and off-shoring of business process functions and the sheer number of financial transactions processed often lead to errors, inefficiencies and reduced cash flow that can limit your ability to find capital for capex, expansion, upgrades and other investments. We can help you spot value in your source-to-pay process and help better manage and free up working capital.
Face These Telecom Business Challenges Head-On
Leading the Pack
Since the way people communicate is always changing, the pressure to introduce innovative products and services to market is intense. Staying ahead requires constant investment in product development. Our comprehensive audits dig deep, helping you identify your hidden and lost profit to keep your operations on track.
Significant Capital Requirements
Whether you want to expand your geographic reach or upgrade your service offerings, having access to significant capital for capex requirements is a must. But having enough is a challenge. That’s why we work with you to maximize the recovery of lost profit and provide the capital backing to help drive your business growth.
It’s tough keeping up with a vast number of suppliers, innumerable varying contract terms and conflicting contract language. We bring this information together to discover anomalies, keep supplier information current and manage contracts effectively.
Accounts Payable Recovery Audit
Outsmart the Spend Cycle
Although untapped value exists within your source-to-pay data, the resources for finding that value are scarce. Common errors like duplicate payments can lead to millions of dollars in lost profit. Our Accounts Payable Recovery Audit helps companies identify and recoup funds across a myriad of settings and prevents the errors from happening again.
Our comprehensive approach reviews all major factors of your accounts payable process, including:
- Escheatment avoidance
- Sales and use tax
Realize Maximum Contract Value
With the significant number of third parties you manage, making sure they fully deliver on contracted terms can be a huge task. Our Contract Compliance Audit services help ensure that your contracts are thorough and effective and that all third parties are performing and invoicing to your negotiated agreements.
Our services cover:
- Price variance
- Labor rates and per diems
- Equipment and materials
- Mark-ups and multipliers
- Profit and overhead
- Negotiated supplier agreements
More Data, More Expertise, More Value
Every day that your source-to-pay cycle isn’t optimized is a missed opportunity to find the resources you need to invest in and grow your business. Our Advanced Analytics combine industry-leading consulting and data expertise with robust tools to rapidly uncover insight and take action to deliver bottom-line results.
Originally appeared on Consumer Goods Technology, June 10, 2021 The development and manufacturing of any given product has numerous suppliers and contracts associated with it. Supplier contracts for labor, equipment,...
Originally appeared on Supply Chain Quarterly, June 11, 2021 Far too often enterprises fail to invest in facilities management contract audits because they don’t think they have the time or...
Originally appeared in Supply Chain Brain on June 4, 2021 Companies are constantly on the lookout for ways to increase cash flow and reduce risk. One often-overlooked method for reducing...