Managed Services

Invoice Processing & Validation

INVOICE PROCESSING & VALIDATION provides an in-depth review of invoices to confirm
that rates align with contractual agreements, that services billed align with the corporate
inventory and that electronic invoices align with paper invoices. The deployment of
comprehensive closed-loop processes ensure effective administration for every aspect of
carrier billing including:
 

  • confirmation that all invoices have been received for processing
  • reconciliation of electronic invoices to official paper invoices
  • reconciliation of all current and total charges per invoice
  • assurance of sequential processing of monthly invoices eliminating missed payments
  • authorization of payment for approved assets only
  • confirmation of the integrity of rates applied to assets
  • confirmation that balance forward is equivalent total payable from previous month
  • confirmation that payments issued are correctly posted per account
  • confirmation that assets do not exceed month over month thresholds
  • deployment of business rules for credit management (account level vs. asset level)
INVOICE VALIDATION provides a comprehensive review of invoices to confirm that rates
align with contractual agreements, that services billed align with the corporate inventory
and that electronic invoices align with paper invoices.