Cost Analytics
The Industry’s Most Powerful Cloud-based Solution for Wholesale Cost Management
It’s indisputable: Network costs are your largest expense, and can be as high as 50% of revenues. Getting costs under control demands detailed visibility into cost and usage data, but carriers typically don’t have the resources and to audit vendor charges, and lack the automation necessary to perform detailed reconciliation and allocation.
With Razorsight Cost Management and Analytics, you can capture all cost data in a centralized database, automating more than 200 audits, streamlining workflow, and leveraging powerful business intelligence to identify savings and anomalies.
Cost Analytics is available in two versions:
Basic Cost Analytics
Includes data capture, invoice loading, invoice GL coding, and payment approval functionality. Can be seamlessly upgraded to Premium Cost Analytics
Premium Cost Analytics
Includes Basic Cost Analytics functionality plus powerful reporting and analytics, 200+ automated cost audits and advanced claim analytics. Additional modules that can be rented separately include Power Audit, Claims Analytics, Network Optimization, and 3rd Party Elements Audit
Features & Benefits
Features
- Total visibility into costs, usage, and value chain for NG and legacy networks
- Consolidation of all costs and usage data into a single database for accurate reporting, auditing, expense allocation, etc.
- Manage all invoice types and formats, capture all invoice data and provide unparalleled data accuracy and integrity
- Manage storage, audit, dispute, and payment using a dynamic allocation engine and robust next-generation audit software
- Automatically match detailed call and transaction records against invoice charges and against specific carrier or partner contracts to identify errors
- Automatically compare inventory data to provisioning system records, then flag anomalies
- Provide detailed workflow, dispute reconciliation, and multiple levels of approval
- Provide ongoing identification of network optimization opportunities
- Increase overall ROI from technology by seamlessly integrating with, and increasing the effectiveness of existing applications, tools, and BSS/OSS infrastructure
Benefits
- Reduction in wholesale costs to Improve margins
- Unparalleled visibility into cost, usage, and processes across the NGN value chain
- Quicker processing of audits and disputes by identifying errors prior to payment
- Tremendous savings in operational resources and expenses
- Minimized total cost of network operations
Cost Analytics shows results within two months, and delivers ROI within 12 months.
Take a risk-free test drive before you buy!
Add-on Cost Analytics Modules
Razorsight Power Audit Module (with Data Warehouse/BI tools)
This standalone module allows Power users to verify and validate existing audit performance, and perform more powerful and detailed audits beyond the current capability of existing solution. It leverages a robust data warehouse with the industry’s most powerful BI and auditing functionality, including custom audit building tools, pre-configured audits, and drill down/roll up capabilities.
Razorsight Claims Analytics
Easily identify, create, prioritize, collaborate on, approve, file, track, escalate, negotiate, and resolve dispute claims. Offered as a standalone module that can integrate with any in-house or 3rd party cost management platform, Claims Analytics also offers communications service providers the choice to integrate seamlessly into Razorsight's flagship Cost Analytics solution.
Network Optimization
Network Optimization provides monthly identification, analysis, and reporting of network optimization opportunities. It leverages Razorsight’s powerful data capture, audit, and analytics tools, as well as the Usage Analytics module to minimize the total cost of network operations, and map out the best (least cost/most profitable) path for each customer service transaction. Razorsight Network Optimization helps improve network efficiency and drives savings at all levels including local network, national network, and international network.
Third Party Elements Audit
Verify and validate all third-party element costs for content, gaming, media, and other Next Generation Network service offerings. This module leverages powerful audit, automated multi-matching, and validation tools that allow vastly improved cost control.
