Millions of dollars are wasted each year on billing errors and unclaimed warranty work! Don't miss an opportunity to capture those lost dollars.  LD Bailey and our affiliates can help you identify weaknesses and implement bill processing systems that can save you thousands of dollars each year...

Our Bill Audit Process:

1.  Vendor electronically submits invoices conforming to client's specifications (equipment identification and service type, etc.)
2.  LD Bailey systems (see IDCS details below) preprocess invoices based on pre-set business rules and conditions.
3.  Some transactions (duplicates, non-conforming, etc.) are automatically rejected and sent back to vendor.
4.  Others are sent to the client for manual acceptance or rejection.
5.  Accepted transactions are stored and delivered electronically into the client's AP & AR accounting systems.
6.  Some transactions are rebilled to 3rd parties (again rules-based).
7.  LD Bailey uses processed data for fleet analysis and Kiometer
Reporting.

Our affiliate IDCS Integrated Data Communication Systems, Inc. has built an industrial-sized invoice capture / retrieval and review system.  Here is a brief description of their services:

"Our services offer a central database that acts as a clearinghouse for responsibility determination, damage repair billing, equipment maintenance control and equipment inventory.  Besides the immediate benefits, railroads and equipment owners will have access to a large and detailed data mart/warehouse capable of providing a tremendously rich decision support environment that can result in significant future savings.  Utilization of the Internet easily expands accessibility to information as well as communications.  The ability to analyze trends, recurring events and equipment repair details in a secure and open technology environment, will provide the catalyst for profound and sustainable changes in their transportation / logistics / fleet management business."

Please see their web site for further details.

Services Pricing:

"Fee-for-Service" - We typically bill on a time-and-materials basis.  Our hourly rates and transaction fees are modest and vary based on the type of activity involved - analysis, data entry, administrative, etc.  No matter the activity, we stand behind our money back guarantee below.

"Gain-Sharing" - Sharing in the savings creates a long-term, collaborative relationship with our clients.  We will establish clear definitions of savings and benchmark your current position to make the most accurate savings calculation possible.  We are willing to share the risk.

"Free System Survey" - We would be happy to provide a free bill processing system survey in which you provide a system overview (and/or operating manuals), sample transactions, a list of your business rules, and sample reporting and system output. Then we will produce a summary and preliminary review giving you an idea of the cost savings opportunities available.

Our Money Back Guarantee:
"We guarantee that we will locate savings opportunities in excess of our fees or
THERE IS NO CHARGE
."
(On average, we find 8 - 12 times our fees in savings. We are confident of finding savings!)

© 2005 LD Bailey & Associates, Rev. 7-07-05