Telecom Invoice Processing

MBG's Invoice Processing solution takes advantage of MBG's next generation telecom expense management platform that is rooted in processing electronic data to proactively audit telecom invoices on a monthly basis. The solution has the ability to run automated invoice and inventory exceptions reports that drastically accelerate and improve the accuracy of telecom invoice processing. The end result is an invoice processing solution that improves overall management of telecom expenses and your company's balance sheet.

The MBG Invoice Processing solution has been developed to enable companies with the ability to configure invoice processing workflows to match their own internal process for invoice validation, approval, accruals, and payment, along with the ability to easily manage and track disputes. Configurable dashboards provide managers with an instant view of invoices need approval and payment, along with current dispute status. The solution also enables companies to add invoices and set thresholds to instantly receive updates when invoices have exceeded those specified thresholds.

Invoice Processing Dashboard(click to enlarge image)

Invoice Validation (click to enlarge image)

Invoice Validation Dashboard (click to enlarge image)

Flexible Delivery Model
Whether companies outsource invoice processing to MBG or use MBG's hosted solution to process invoices, companies view invoices and their status at all times. MBG's unique approach to invoice processing is aimed at converting as many invoices into an electronic format to automate invoice processing and improve analysis. For invoices that cannot be received into electronic format, MBG uses a mix of OCR technologies and data entry techniques to integrate paper invoices. In all cases, a PDF version of the invoice is always provided. The end result has been a tremendous savings for companies seeking to take advantage of telecom expense management solutions.

Core components of the MBG Invoice Processing solution include:

Invoice Exception Report: All invoices are broken down by line item, and users can pinpoint every line item which has changed, been added or deleted.

Inventory Exception Reporting: 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, and items in the invoice but not the inventory. A beneficial element of this report is that companies can quickly identify disconnected services that are still being invoiced.

Manage and Track Disputes: As invoices are validated and exceptions reports are generated, items can be flagged for disputes. Each item for dispute can be sent directly to the carrier with information on why it is being flagged.

Allocate payments: The MBG Invoice Processing solution uses an enterprise approach allowing for costs to be allocated to dedicated cost centers for chargeback.

Payments: The MBG Invoice Processing solution can interface with Enterprise Resource Planning (ERP) systems and even establish direct connections with banks for payments.