As you implement more technology across your organization, the potential for costly mistakes (such as misallocated GL codes) or paying for duplicate services rises exponentially.
Typically, IT and accounting teams are overloaded or don’t know what to look for, so these small inefficiencies and errors hidden inside complex invoices end up costing your company thousands of dollars per year.
Bridgepointe’s Technology Expense Management services track expenses more efficiently, increase team productivity, and eliminate inefficient processes.
In the short term: You’ll free up valuable time for your company’s most valuable resource, your employees.
In the long term: You’ll optimize your spending as we eliminate unnecessary services, consolidate vendors and technologies, and give you what you need to make proactive and strategic technology decisions.
Align Your Expenses with Your Business Goals
We help our clients manage technology spend, optimize inventory, and align expenses with business objectives with our best-in-class processes and powerful platform.
Every step of the way, we work closely with your IT and accounting teams to give them everything needed to better manage your technology spend. Our fully managed service integrates with multiple major Accounts Payable applications and provides reporting that’s customized to your requirements.
Here’s how we do it.
Step One: Discovery
We start by getting to know your business, including your current challenges. From there, we take a deep dive into existing services, by requesting access to accounts and invoices, and we ensure everything is properly allocated and billing correctly.
Step Two: Governance
Next, we reconcile assets with invoices by working closely with your accounting team to understand how assets are coded and processed within your organization. Based on this we’ll make strategic recommendations for the types of reporting you need and how often we’ll meet to review
Step Three: Ongoing TEM
Now, proactive management begins. From inventory changes and variance tracking to missing invoice reports and excessive rate flagging, our team focuses on the details that matter. Your TEM team proactively completes extensive ongoing audits ensuring nothing is missed.
- Identify Providers and Collect Invoices
- Redirect Invoices and Gain Account Access
- Determine AP Coding and Allocation
- Add Inventory into Portal
- Develop Custom Pay File or Bill Payment
- Create Custom Reporting
- Actionable cost-reducing recommendations
Contact us today to get started.