Advantage Communications Group (Advantage), a global telecom managed services provider (MSP), introduced the addition of automated bill payment services to its portfolio of managed service offerings. The client benefits include the reduction of expenses by utilizing a centralized, streamlined, automated accounts payable process coupled with full end-to-end expense management services, and real-time visibility through Command Center to the entire b****** lifecycle.
The addition of bill payment services is a natural complement to Advantage’s full lifecycle expense management service, which includes invoice, inventory and contract management. This new offering reduces client workload of administrative tasks, while cutting late fees, interest charges and unexpected disconnects for non-payment.
“Traditional payment processes result in payments frequently getting misapplied, which can cause a domino effect of unnecessary reconciliations and service disruptions,” said Advantage Communications Group Senior Director of Client Experience, Andy Alarcon.
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With automated bill payment services, payable information is consolidated into files transmitted to the bill payment engine for disbursement, after which payments are automatically sent to suppliers based on supplier enrollment preference (e.g.: Virtual Credit Card, ACH, Enhanced ACH, Check, etc.). Settlement data is then captured in a consolidated file and reverted to Advantage’s Command Center portal for full visibility by the clients.
“Advantage ‘s automated bill payment Service closes the loop on invoicing, accounts payable and general ledger processes by executing the payment and capturing and presenting all payment information within Command Center,” said Diane Miller, COO, Advantage Communications Group. “Simply put, automated bill payment service removes pain points and friction from what’s essentially the final mile of managing clients’ network and telecom expenses.”
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