Expense Management Services

By Author: Cost Management Group
Total Articles: 1
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CMG’s Expense Management services automate, add control, eliminate errors, reduce processing time, reduce the occurrence of late fees, streamline approvals, among other benefits. We bridge the common gaps between IT and AP. We can customize and automate processes and reporting for any environment while leveraging best practices for best results.

AP Optimization
CMG is focused on creating the fastest, most efficient process to receive, review, allocate, process and pay bills. We proactively monitor carrier billing portals to acquire the invoice once available to prevent late fees or service disruptions occur for non-payment. A custom AP file is created per each client’s unique accounting platform and environment.

Expense Validation
Expense validation at CMG is more than just analyzing invoices for contract rate accuracy. Unnecessary fees or surcharges are identified and disputed. Changes in service inventory are noted, reviewed with the client for approval, and inventory records are updated or items are disputed as necessary. Our processes greatly improve the customer’s existing process, adding ...
... control, automation, and best practices, while saving valuable time and money.

Vendor Management
Whether you are in IT or Procurement, CMG does all of the legwork in creating a real “apples-to-apples” comparison of vendor solutions with current spend and inventory, which saves our clients time on vendor evaluation and arms the client with the right information need to make the most informed purchase decision. For more info, you can visit here at http://costmg.com/tem-lifecycle-management/expense-management/