Owing to scaling operations and consistent growth, businesses intertwine with unhandled contracts that leave money on the table as usual. Check out how we helped businesses untangle the situation and recover the lost revenue with our technology-enabled collaborative solution.
About the client
The client is a leading telecom industry providing communication services worldwide. Their enterprise customer list includes over 100 Fortune 500, and FTSE 100 companies, and their area of expertise includes providing services for managing data and voice networks.
The Challenge
Due to the disagreement between managing complex contracts and steady scaling, the client is left with many unmanaged and unaudited contracts. This made way for revenue leakage, and clients lost a large sum of money they were entitled to.
iOPEX solution
iOPEX implemented an AI-enabled unified solution with strategic workflow to analyze the current status and hired the expertise to review contracts using promising methodology. This improved the contract review throughput and enhanced their contract management efficiency.
The Impact
iOPEX helps the client with reactive, active, and proactive revenue assurance to plug all types of revenue leakages and increase brand value. By discovering and plugging revenue leakages across business units and geographies using efficient processes, the client is able to optimize its revenue assurance and thereby enhance its profitability
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