Bringing Auditing & Advocacy to Your Bill-Pay Process
What We Do
Receiving, processing, and paying utility bills continually vexes multi-location organizations. Meanwhile, organizational disconnect between multiple functions—procurement, operations, accounts payable, and finance—exacerbates the challenges inherent within invoice validation and expense management.
Across in-house and outsourced bill-payment solutions, a critical element always seems to be missing: advocacy. With the mission centered on getting payments out the door, advocacy for the bottom line is an afterthought, as little regard is given to verifying the accuracy of the bills getting paid. Further, most third-party payment solutions are “cost plus,” eliminating any incentive to reduce said payments.
Fine Tune’s utility bill payment solution brings auditing and advocacy to the entire bill payment process by analyzing each invoice to ensure contractual compliance, tracking energy usage and data, and ultimately submitting payments on time. Our clients rest easy knowing their suppliers are reliably paid and overpayments are avoided.
Making sure the bills are correct
Fine Tune brings a unique and innovative solution to the market by linking bill payment with its dedicated and vigilant approach to expense management.
Bill payment needs to be linked to expense management, but those linkages—as they exist in the status quo environment of today’s organizations—are crude at best. Multiple controls (such as POs, complex invoicing requirements, long payment terms, lack of proper baseline and savings accounting, reliance on simple variance reporting, and multiple departments involved with approvals) all lead to a complex web of payment processing that is both costly and ineffective.
Our Impact
Fine Tune’s solution helps strengthen the connection between expense management and bill payment so that clients:
Stop overpaying suppliers
Avoid spending countless hours of internal and vendor resources chasing payments
Fend off and even capitalize on predatory vendor invoicing practices
Receive clean vendor/expense data (i.e., avoid the inevitable data errors that come from relying on suppliers and/or layers of internal resources to properly enter and track invoicing within complex purchasing systems)
Gain leverage in vendor invoice disputes
More effectively utilize internal resources for supplier collaboration (e.g., eliminate research and discussions on past-due vendor payments)