With our
Invoice Processing Management service, Telstar effectively manages complex invoice billing structures from multiple service providers and delivers the data to clients in a single, consolidated web platform.
How it Works
Telstar redirects your service providers' invoices to our facility and converts them to an electronic format for ongoing receipt and processing. Upon receipt, Telstar validates invoices according to rates, tariffs, taxes and special contracts as well as client specific exception criteria (i.e. variance analysis, detecting unauthorized billing, abuse/misuse monitoring).
Once an invoice is validated and approved for payment, Telstar allocates and itemizes the charges in accordance with the client's established financial methodology and controls. Invoice payments are either remitted directly by Telstar or forwarded, electronically, to the client’s accounts payable system for invoice remittance and posting to the general ledger.
The Benefit to You
Invoice Processing Management effectively eliminates your involvement with data collection, number crunching and information distribution. You can utilize Telstar’s web tools to review payables information, along with management, exception, and financial reports. This enables you to focus on more critical initiatives, as well as monitor Telstar’s performance.