iXAudit, the second part of Telarix's revenue assurance solution, is an end-to-end audit and dispute management system designed to streamline the validation of interconnect invoices, reconcile charges and manage settlements.
iXAudit serves as the data repository for all carrier invoices, storing invoice detail and summary information while automatically reconciling invoice data with internal traffic and cost management information. As a result, iXAudit is able to automatically match all of a carrier's interconnect agreements with invoice data, traffic usage and cost data to determine whether or not a discrepancy exists. This includes auditing and reconciling incoming interconnect invoices as well as the tracking and managing disputes of incoming invoices from the vendors and outgoing invoices to the customers. Now, invoice disputes can be identified and quantified in days versus months, eliminating the often inconsistent and inaccurate, labor intensive method in use today.
The system also leverages Telarix's VSR™ (Vendor Specific Rating) so that a carrier can also rate calls based on each vendor's specific numbering plan and rate. This unique ability enables a carrier to immediately identify the true costs and associated margins of all their interconnect traffic by generating an "internal bill" which it can then use to reconcile with the invoice or payments received from other service providers. This eliminates any end-of-month surprises by providing service providers new insight into each of their financial obligations and enabling better cash management.
iXAudit is also able to further eliminate the costly, labor intensive process of managing and resolving disputes by providing a flexible workflow process to expedite the identification and management of disputes. For example, users can now define specific financial thresholds to automatically identify and classify invoice discrepancies based on their company's unique internal reconciliation rules or industry compliance mandates. Users can even quantify and prioritize each dispute based on the level of financial risk posed to the company and then automatically generate dispute letters for each invoice discrepancy. The system also supports the automatic transfer of information to back-office financial management systems, enabling service providers to efficiently complete payment processing and manage the accounting for any disputed amounts which might arise.
- Provides effective revenue assurance and cost management capabilities
- Facilitates analysis, tracking, and dispute management of carrier invoices
- Provides flexible work flow to expedite the identification and management of disputes
- Offers customizable business logic to meet stringent internal reconciliation, validation, and accounting rules
- Supports automatic transfer of information to back-office financial management systems to complete payment processing and manage the accounting for disputes
For more information on iXAudit, download our iXAudit brochure.