Get The Most From Your Circuit Inventory Are you losing revenue and the opportunity to obtain larger margins due to "best guess" management of your facility network? Finally, there's a sophisticated and unique tool for auditing actual cost, revenue and profitability driven specifically from the facilities leased and deployed by communications service providers.
Only Ventraq Facility Analytics - part of the industry leading Business Analytics suite from Ventraq - can deliver a 360° holistic view of the financial yield from your circuit inventory. With automated analysis based on data retrieved from your cost management system, order management system (circuit inventory), and billing system, Facility Analytics opens an unprecedented view into what's going on within the circuit inventory-related cost and revenue streams. The power of Facility Analytics is achieved through its three component processes:
Revenue Analytics
Cost Analytics
Profit Analytics
Each collect, compare and analyze targeted data feeds to determine sources of lost opportunity for service providers. This advanced, holistic approach yields an unsurpassed view into the performance and rewards generated from your facility network.
Revenue Analytics How can you ensure your facility deployment is enabling you to bill for all the revenue you're due? Only through comprehensive analysis of associated data and invoicing can service providers maximize revenue. Revenue Analytics performs a detailed comparison between data from the billing system and data from the order management system, also known as circuit inventory.
The comparison from circuit inventory to the billing system reveals whether or not all the customer circuits in the inventory are being billed. It also matches customer-ordered account features within the circuits to ensure those features are being invoiced. Conversely, the comparison from the billing system to circuit inventory determines if all circuits being billed are still active within the inventory. It also identifies customer disconnects and abandons so that the circuit can be redeployed or disconnected. The reports and recommendations from Revenue Analytics ensure that you will be invoicing all you can from the configuration and use of your facility network in order to maximize revenues.
Cost Analytics for Leased Lines By comparing the circuit inventory on leased lines to actual cost invoices, the Cost Analytics component of Facility Analytics allows you to know, once and for all, if you're accurately paying for the circuits you've engaged from leasing carriers. Specifically, Cost Analytics compares the circuit inventory of leased lines to cost invoices and validates that the circuits within the inventory are accurately invoiced.
Comparison details include: whether or not any circuit invoiced is an active circuit; whether any feature invoiced matches the order for that particular circuit; and, summarily, whether all circuits within the inventory are being invoiced.
In addition to confirming the cost validity of your facility network, Cost Analytics can provide valuable information in support of accruals. It not only identifies mis-billed leased lines and circuits but also identifies whether they are under-billed.
Profit Analytics for Resold Services When you offer single services or bundled packages to customers over leased lines – for example, a small business bundle of voice, credit card verification and internet access over a leased T1 – how can you keep regular tabs on profitability and billing accuracy? The answer is Profit Analytics for resold services. Through comparison of billing data from you to your customer against your own carrier cost invoices, Profit Analytics can determine actual margin. This enables you to adjust pricing to maintain a profitable business. It also can be a critical step in closing out sales promotions or incentive programs: Profit Analytics ensures customers are being billed at standard, non-promotional rates upon the conclusion of a free or discount program period. Detailed matching also makes sure that that the circuits for which you're being invoiced are in turn being billed to your customer.
The Facility to Drive Success No other business analytic solution combines and normalizes raw data from multiple networks and feeds in order to analyze and deliver such actionable results. This includes the use of carefully crafted business rules to parse data from multiple systems into a universal facility rule result table. It also entails multiple passes at data matching to uncover issues based on different views. The vastly superior results you'll experience from Ventraq Facility Analytics is like the difference between a blurry 2-dimensional photograph and a crystal clear 3-D model.
Contact Ventraq to learn how to start getting more from your data through powerful data collection, management and cost-side business analytics.
