Infozech’s Reconciliation Solution

Infozech’s Reconciliation engine is a configurable tool which reconciles two or more data sets to identify data discrepancies along with a reason.

 

Bill Reconciliation

Asset Reconciliation

 

Key Business Challenges

Inadequate mechanisms to validate bills received from tower companies

Complex MSAs with TOCO

Higher chance of cost overrun as manual process is prone to un-intentional error

Retrieval of old invoices & data is hard – No historic data available online

Delay in Bill validation

Benefits of iRecon

Financial Paybacks

  • i. Billing done with all parameters agreed in MSA leading to correct payments.
  • ii. Site wise complete tracking of Credit/Debit notes for IP partners
  • iii. Trend analysis to arrive at optimal cost on the basis of
    • a. Rental
    • b. Consumption
    • c. EB rate
  • iv. Reduction in management overhead
  • v. Optimized manpower and use them in more productive activities to grow organization

Process Improvement

  • i. Transparent, consistent & person independent billing processes.
  • ii. Flexible & configurable, rule based billing logic layer to support current MSA as well as future MSA with minimal changes and faster turnaround.
  • iii. Generates accountability and transparency in billing reconciliation process
  • iv. Easy integration with third party systems

Audit Assistance

  • i. Maintains historical information as & when any data-set changes, for easy and quick access for reference & verification.
  • ii. Online data available to help in handling audits

Customers

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