Cost Management
Network costs can consume up to 40% of a service provider’s revenue. TEOCO’s cost management solutions include market-leading software and specialized know-how to reduce network costs through dispute identification and wins.
We offer end-to-end solutions specifically designed to maximize an operator’s financial control over network costs; delivering visibility and access along each step of the process, including receipt, validation, audit, dispute and payment.
Key Benefits
- FULL LIFECYCLE MANAGEMENT
- Manage costs and provide insights into the revenue chain. Understand the profitability of every transaction and relationship.
- SUCCESSFUL TRACK RECORD
- 80% of all US interconnect dollars are processed by TEOCO.
- CONTROL WITH INSIGHTS
- Increased visibility equals increased disputes and credits.
- INCREASE THE BOTTOM LINE
- Increase profitability & EBITDA without growing revenue.
- INVOICE PROCESSING
- Coordinate, receive and load 100% of your vendor invoices, regardless of currency or format, using our patented software process. Custom workflow based on your business.
- MAXIMIZE COST SAVINGS
- Boost operational performance. Eliminate the tedious, costly and error-prone task of manual invoice data entry.
DELIVERING MAXIMUM COST SAVINGS
Our cost management solutions are in production at over 140 companies in more than 60 different countries, processing over $3 billion in network cost invoices every month. By unveiling hidden costs and stranded assets, our customers average 5%-12% annual cost savings.
STREAMLINING EVEN THE MOST COMPLEX ACTIVITIES
Our solutions streamline circuit inventory and contract/tariff management and automate the capture of all invoice types; providing detailed cost allocations to improve organizational efficiency. Thorough reporting is also supported to ensure regulatory compliance. We use innovative technologies and industry-leading expertise to deliver quick and substantial ROI, with minimal IT investment and risk.
A COMPLETE SOLUTION
Our cost management solutions enable you to manage the workflow for invoice payments, dispute and claims management. It also includes an accounts payable interface and core audit functionalities. Overall, we help ensure greater adherence to regulatory requirements and best practices. Our solutions can be used as a first step towards a more efficient payment reconciliation and cost analytics process.
END-TO-END INVOICE AUTOMATION
Our full invoice automation service coordinates, receives and loads all your vendor invoices to assure timely and accurate invoice processing at the event detail level. Our patented XTrak data mining technology supports all invoice formats, from industry-governed CABS, SECAB, and EDI, to vendor-specific digital PDFs and spreadsheets.
IDENTIFYING COST SAVINGS AND PROVIDING MARGIN ANALYSIS
Traffic costing is a complex task that requires extensive industry know-how. At TEOCO, we have decades of experience in network costing for both US and international calls. We provide audit services to evaluate your traffic and determine if each bill is accurate and analyze routing information to determine if cheaper routes could be used.
AUDIT MECHANISMS FOR ERROR-FREE RECONCILIATION
BillTrak’s audit function allows you to both manually and automatically audit invoices. Our cost management software contains a set of standard audits for monthly recurring charges. Using information obtained from your inventory feed, combined with BillTrak’s robust circuit matching functionality, it reduces errors by automatically matching key information, including Circuit ID, Circuit Type, Mileage, and Service Established Date.
EXPAND YOUR TRACKING CAPABILITIES WITH CLAIM CENTER
Automates the lifecycle of your dispute claims tracking process, including vendor-specific claim forms, dispute filing, settlement process and eventual resolution. Successful cost management software validates costs and obtains credits for billing errors in a timely fashion. Claim Center centralizes dispute management and significantly expands your tracking and reporting capabilities.
REPORTING
Customize your view with point-and-click, ad-hoc report creation and report scheduling. Standard reports include detailed analytics on payment information, dispute metrics, cost analysis, trending, user productivity, and management KPIs.
BillTrak Suite Brochure
What our client say
“In partnership with TEOCO, we have realized more than $2B in accumulated savings.”
– Paul W. Schieber Jr. VP & Controller, Sprint US
How can we help?
For over 25 years, TEOCO has helped network operators run state-of-the-art networks and profitable businesses. Learn how we can help you in the areas critical to the success of modern CSPs.