This client is one of the nation's largest healthcare service providers with more than 2,000 hospitals and healthcare facilities around the globe.

 
 

Situation

 
  • Invoices were all received in paper form and processed manually
  • Invoices were just being paid – no analysis, no auditing and no optimization of services
  • No system in place to retain optimization or compare invoices against contracts each month
  • Money was being wasted
 
 

Solution

 

Asentinel allowed this customer to gain control over its telecom expenses by automating the invoice handling process with Electronic Data Interchange (EDI) and exclusive Optical Invoice Recognition (OIR) technologies, while creating a detailed auditing process and configured reporting schedule that keeps invoices in check with contracts.

The auditing, analysis and cost allocation that Asentinel 6.0 provides has made the TEM process extremely efficient and organized, not to mention more budget-friendly. Instead of wasting money, or worse, not knowing what they were being charged for, the customer now keeps watch over the entire lifecycle of TEM with Asentinel 6.0 serving as the central repository of assets, invoices, orders, budgeting, forecasting and business intelligence.

 

"Our company's AP department is made up of several ex-telecom employees, and they appreciate the ability to configure Asentinel 6.0 to fit our needs, all at the right cost for our company."

 
 

Results

 
  • Savings equate to $750,000 to $1 million a year
  • Invoices received electronically through EDI and TouchFree TEM managed services decreased resource requirements and removed all late payments and month-end workload
  • Increased negotiating power over contracts and vendors
  • A proactive roll in budgeting and forecasting