|
Memphis, TN
RadiusPoint announces the new contract for
Business Process Outsourcing services for
National Vision, Inc. to provide Utility Expense
Management (UEM) services to manage the
utility/energy invoices and expenses for their
locations. RadiusPoint will provide invoice
processing and utility expense management
services for energy, gas, water, sewer and trash
services, which includes management of the
vendor to ensure accuracy. The services include
the management of the invoice from receipt to
payment and then archival of the invoice image
for future needs. RadiusPoint also provides
contract compliance reviews on a monthly basis
and error detection and reconciliation to offer
a complete utility/energy expense management
solution.
With approximately 500 units, National Vision,
Inc. is the nation's fourth largest optical
company in terms of locations. There are five
separate retail divisions offering a variety of
products and services for eye care and eyewear
needs. There are over 250 Vision Centers
throughout the nation in select Wal-Mart
stores. Conveniently located within Fred Meyer,
one of the strongest superstore chains in the
country, The Optical Shoppe provides great
selection and service with the ease of one-stop
shopping. National Vision Optical operates 35
stores located on Military Exchanges throughout
the United States.
The need for a Utility Expense Management
solution (UEM) was apparent as the number of
locations continues to grow each year. “An
organization must look at the number of
locations that each Accounts Payable staff can
handle effectively, on a monthly basis”, states
Sharon Watkins, CEO of RadiusPoint. “National
Vision has a strong Accounts Payable department
and strong leadership for the department, but
Telecom and Utility invoices are different and
sometimes an organization needs a little help to
get these invoices processed and audited” states
Watkins.
RadiusPoint’s Utility Expense Management and
Telecom Expense Management services involve a
monthly management of the invoices and constant
review of the charges from the vendors. The
invoices are established in the software so that
the charges for each department would be
allocated appropriately and in a timely manner.
RadiusPoint has the invoices processed for
payment and allocated within a few days of the
receipt of the invoice from the vendor. The
timeliness of the services enables the staff to
review those important issues or services
immediately and at their desktop instead of
going through stacks of invoices.
RadiusPoint
developed ExpenseLogic, a single platform
solution for Telecom and Utility Expense
Management. RadiusPoint, a technology-based
company was developed specifically for those
organizations that are seeking an expense
management solution for Telecom, Utility, Energy
and IT expenses on one software platform.
Providing this single solution platform is a
key differentiator in the Telecom Expense
Management (TEM) and Utility Expense Management
(UEM) industry.
ExpenseLogic is a fourth generation
technology-based, problem-solving software used
to manage the daily issues and invoices that
stem from a company’s Telecom, Utility, Energy
and IT expenses. The Provisioning and Help Desk
portal allows a company to centralize and
validate the entire Procure-to-Pay Lifecycle.
The National Vision staff will use this feature
to manage and maintain the information for all
orders placed as their locations continue to
grow each year.
The RadiusPoint solution will benefit and assist
small to the very large multiple location or
department organizations in the areas of
Finance, Operations and Technology. Most
organizations will see a Return on Investment
within the first six months of utilizing the
RadiusPoint solution. RadiusPoint enters at the
point of Utility and Telecom Expense Management
confusion and brings centralization and
validation to the procure-to-pay lifecycle of
Telecom, Utility, Energy and IT expenses.
RadiusPoint provides a broad portfolio of
business and technology expense management
solutions to help its clients worldwide improve
their business performance. Core services
consist of Business Process Outsourcing (BPO),
Software as a Service (SaaS), and License
Software with respect to Telecom, Utility,
Energy and IT invoice and expenses. RadiusPoint’
uses ISO 9001:2000 certified processes and meets
government regulated standards (Sarbanes Oxley)
through SAS 70 certification. RadiusPoint’s
corporate headquarters is based in Memphis,
Tennessee with services provided worldwide.
For additional
information, please contact:
Sharon Watkins
RadiusPoint
901-388-3106
swatkins@radiuspoint.com
www.radiuspoint.com
|
