Services

SAS 70

Razorsight Rebill Automation Services

Consulting Services for the Automation of Paper Invoicing

A managed service that leverages the Razorsight Capture tool to automate loading, processing, and conversion of thousands of paper invoices into a single electronic format located in a centralized database – paving the way for efficient billing and Accounts Payable operations.

Challenges of Re-billing

• Summary level information entered manually into AP and AR systems
  
• GL coding is performed manually on all invoices
  
• No access to detailed information on invoices
  
• Bill to end customer does not itemize re-bill charges
  
• Cannot offer reporting on any re-bill invoices
  
• Difficult to scale operations without adding more resources and manual work
  
• Revenue from re-bill charges does not cover cost

Re-bill Automation Service Benefits

• Automated loading, processing, and conversion of 10,000 paper invoices into an electronic format in a centralized database – paving the way for efficient Billing and A/P
• Master Data Management of Vendors and Invoices
  • Yields automated views of costs by underlying carrier
• Increased Efficiency
  • Elimination of manual data entry
  • Elimination of paper record storage
  • Reduction in errors related to data entry or lost invoices
• Greater Savings Opportunity
  • Allows for elimination of late payment charges
  • Paves the way for enhanced vendor management/wholesale negotiations
• Financial Intelligence
  • Improves timeliness of financial reporting
  • Provides improved visibility into costs and revenue
• Improved Financial Controls
  • Enhances accounting compliance