Identification of patterns in invoices, including exceptions and outliers that signal erroneous or fraudulent billing Comparison of invoices and agreed upon contract terms
Comparison of invoices across multiple locations and setting of benchmarks to identify variances
Devising benchmarks for individual cost heads based on production metrics, (number of customer visits, dollarvalue of sales and percentage of returns)
In addition to reducing costs, this end-to-end solution provides:
Comparisons between location with benchmarks for location managers to gauge performance on specific cost heads
Better invoice management with faster consolidation of cost for financial reporting Real-time expense tracking A Fortune 500 client
employed the Spend Management Solution to compare billing rates from utilities across hundreds of locations across the country, thereby identifying egregious billing at over
18% of locations. The company reduced its spend on utilities by 11% by
correcting benchmarks for each location for facility managers, as well as negotiating more favorable rates with utilities using the analysis specially formulated by vCustomer. |
Delivery Model
Integration with Platforms
