Synchronoss Financial Assurance is a comprehensive procurement-to-payment application suite that helps reduce costs, mitigate risks, enforce financial compliance and controls, and increase operational efficiencies. Financial Assurance manages your network expense and automates workflow, helping you to enforce accuracy within inventory and providing governance and insight into network events.
Reduce Network Expenses
Historically, carriers have incurred tremendous labor costs in their efforts to achieve financial compliance and control. It used to be common to assign hundreds of employees to the painstaking task of manually reviewing all of a company’s financial transactions line by line while searching for discrepancies. The Synchronoss Financial Assurance platform automates this entire process, significantly boosting carriers’ bottom lines. The modular application suite provides:
Reconciliation of all network segments to ensure data integrity and optimal cost of services, thereby improving gross margins
Transparency for all peering and partner exchange network traffic and net work events to optimize costs and maximize revenue
In-depth visibility into key operating metrics via dashboards and automated reporting
Assistance in automating accruals, financial reporting, and monthly close
Telecom Expense Management System
Synchronoss Financial Assurance is offered as either a secure cloud or license-based application suite. Key features include:
Management of network partners and your transactions with them
Data loading and normalization
Consolidated and central database for all network infrastructure expense
Automated and user-configurable audits and alerts quantify billing errors and let you proactively manage your vendors and reduce expense
Approval workflow to mirror your financial checks and balances throughout your organization
Automated GL coding/accounting for accurate cost allocation
Integrates seamlessly into enterprise resource planning and accounts payable systems
The Proof Is in Our Patrons
Synchronoss is a longstanding, trusted partner of many major U.S. and Canadian carriers. The Financial Assurance Suite has enabled Synchronoss’ clients to save hundreds of millions of dollars, year after year.
Achieve Rapid, Sustainable, and Substantial ROI
The Financial Assurance Platform can be operationalized quickly, leads to substantial ROI, and requires no hardware or software installation.
Eliminates data silos
No IT overhead
No capital expenditure
Analytics for Customer Experience
Synchronoss Analytics for Customer Experience is a robust suite tailored to empower executives to drive company-wide improvement and cost savings.