Telecom Invoice Presentation

MBG Expense Management's Invoice Presentation solution provides organizations with a unified invoice, creating a centralized view of telecom spend. Companies can view each of their vendor's spend in aggregate or by each vendor to analyze and compare costs. In addition, costs can be broken out by carrier, geography, or any specific corporate hierarchy. MBG's Invoice Presentation provides an extremely granular view of telecom billing data, allowing a user to drill down all the way to the Universal Service Ordering Codes (USOC) or view employee usage data.

Attain a Centralized View of Telecom Spend

Centralization has long been considered the key to gaining true control of telecom expenses. Before the advent of next generation telecom expense management solutions, this concept was simply unattainable due to the volume of paper invoices and the inability to process electronic data from multiple carriers in a consistent format. The key benefit to having a centralized view allows companies to know their true costs which improves contract negotiations, along with being able to compare carrier costs. Even today, some TEM solutions struggle with the fundamental processing of electronic data, creating confusion and dissatisfaction in the marketplace.

MBG Invoice Presentation (click image to enlarge)

Telecom Billing Data Processing Expertise

MBG has developed custom bill loaders that process each electronic feed to ensure its accuracy, along with checking for changes in the feed itself. The end result is that MBG is able to process billing feeds from all major carriers and can usually develop a process for carriers that are currently not being processed within a reasonable time frame. MBG’s core strength is its ability to accurately process electronic billing data, along with integrating invoices that cannot be converted into electronic format to conduct analysis.

MBG also uses its unique background and expertise to determine which type of electronic feed provides the richest detail. For example, while EDI is often considered the most desirable form of electronic data, it sometimes does not provide the level of detail necessary for true analysis. As a result, MBG looks to use the richest form of electronic data to facilitate in-depth analysis. MBG provides a free trial to ensure companies can see the benefits of having data loaded in the MBG Invoice Presentation solution with the richest form of billing information.

Conduct Comprehensive Analysis

The MBG Invoice Presentation solution is a powerful analytical tool. It provides an instant comparison against last month’s invoices and can generate various reports that provide a wealth of information on telecom expenses. Just from the centralized invoice, companies can instantly analyze and compare one-time charges, usage, taxes, and recurring charges, along with seeing monthly adjustments.

Key reports that can be generated for in-depth analysis include:

• Inventory Validation: As invoices are received they are compared against the inventory. The report that is generated validates changed inventory against invoices to detail items that:
  
  • match both the inventory and invoice
  • items appearing in the inventory but not the invoice
  • items in the invoice but not the inventory.

A big benefit of this report is that companies can quickly identify disconnected services that are still being invoiced.Contract validation: The vendor scorecard will show how accurate the bills are from each vendor on a monthly basis. This report can be used in contract renegotiations if the vendor is not performing at a satisfactory level compared to other vendors.

• Usage trends: Have instant access to trends on services like mobile devices and long distance.
  
• Taxes: Provide reports that detail taxes by state or class of service, along with generate customized tax reports that can be sent to financial managers for analysis.
  
  

MBG's Invoice Presentation solution is considered to be so practical and powerful it is used by various Fortune 500 companies and leading telecom carriers have selected it as their client bill presentation tool.

Learn how a national healthcare provider centralized its telecom spend using MBG's Invoice Presenation solution to reduce costs by 20 - 30%.
Click Here >>

Specific benefits of MBG Invoice Presentation include:

• The ability to view, analyze, and validate invoice data from multiple carriers in a centralized invoice.
  
• Access to reports, graphs, and data sheets summarizing a wide variety of expense trends and usage data.
  
• Ability to automatically match invoices against current inventory
  
• The creation of a month-to-month comparison report that identifies changes in the invoice, showing additions and deletions.
  
• Exception reports that show discrepancies and allows users to dispute the charge with the carrier
  
• Easy identification of billing errors and tracking of contract terms, enabling efficient negotiation with vendors.
  
  

To learn more about MBG’s Invoice Presentation and telecom expense management solutions request a demo >>

Quick Links

MBG White Papers

AOTMP Research: Delivering 5 Sources of Sustainable Value Through a TEM Initiative

Download Industry Research >>

Five Key Best Practices for Reducing Telecommunications Expenses

Download White Paper >>

Enhancing Telecom Expense Management Through Enterprise Business Intelligence

Download White Paper >>

Migrating Telecom Expense Management from a Cost Center to a Profit Center (AOTMP)

Download White Paper >>