Analysts believe that despite all the checks and balances, organizations lose about 2% of their total annual billing owing to lack of effectiveness in Invoice Payment (IP) and Invoice Reconciliation (IR).
Most Service Providers run a decentralized billing pattern at their end given their P & L accountability model across various vertical practices which makes it difficult for their Engagement Managers to generate a consolidated invoice summary for their clients. Further it is observed that the best Invoice Accuracy Rate that service providers run is about 95%. This rate is even lower where multiple Supplements, SoWs, Locations, Overlaps, Currencies are involved.
Our CSAs will audit Invoice Payment (IP) and Invoice Reconciliation (IR) in your Contract;
Our CSAs will audit above areas to suggest industry standard recommendation that are most suitable to environment.
CSAs will work with you and your service provider in doing;