Vertek Corp., a provider of business solutions, process outsourcing and business consulting for the telecommunications industry, announced today the release of its Managed Financial Assurance Program (MFAP).
Vertek’s MFAP is a hosted data management platform offering state-of-the-art analytical tools specifically engineered to acquire, validate and reconcile the accuracy of communications service providers’ monthly operating costs and billing, at a fixed monthly fee, without CAPEX or integration expenses. MFAP addresses service providers’ needs for cost management and vendor invoice administration, revenue assurance, product profitability and margin analysis.
“Whether you are a CLEC reselling services from multiple partners, or a carrier engaging with a new content provider partner for DSL or IPTV services, chances are you are experiencing some revenue leakage, unnecessary vendor costs and invoice overpayment,” said Brad Soutiere, president and COO for Vertek. “MFAP resolves these issues while optimizing the operating costs and revenues for new service offerings. Vertek has developed the interoperation, billing reconciliation, and settlement standards for this offering that enable Service Providers to determine the health of their partnerships and to gauge how well their partners are living up to commitments specified in existing contracts and SLAs.”
MFAP enables customers to monitor the progress of monthly vendor costs, network utilization and customer revenue performance through an online Web portal that offers a comprehensive list of configurable reports including: Vendor Scorecard, Billing Account Reporting, Invoice Summary & Detail, Vendor Usage Charges, Revenue Assurance Discrepancy & Scorecard Reporting, Customer Margin Performance, Vendor Margin Performance, Carrier Traffic Analysis & Trending, Vendor Invoice Dispute and Settlement Tracking.
Vertek Corp. www.vertek.com