For everything that is unique about telecommunications, it may be the finance and
accounting teams that have some of the most substantial challenges at the end of the day.
New technologies, frequent FCC rulings and never-ending tax code changes can make the
process of managing telecom financials a demanding effort.
With CostGuard, a robust finance and accounting module complies with Generally Accepted
Accounting Principles (GAAP) such as Accrual Accounting, Double Entry Bookkeeping, and
Audit capabilities to provide the necessary financial forensic reports to verify the
accuracy and correctness of journal entries. CostGuard also provides support
for telecom-specific capabilities such as recording liabilities associated with mobile
incollects and tracking the interest on deposits. Financial
Analysis Reports monitor and evaluate the company's financial position, satisfy month-end
journal entry reporting needs, and feed third-party accounting packages. It is comforting
to know your billing system speaks finance as well as it speaks telecom.
CostGuard provides an integrated tax engine which offers comprehensive tax functionality,
including the ability to define provider-specific taxes and override tax jurisdiction
assignments, rates, amounts and start/end dates. The system's Export Tax Log Report can
be sent to third-party tax vendors to fulfill compliance activities faster and easier.
In addition, for carriers with a national footprint or those doing business in regions
where tax jurisdictions are complex or change frequently, CostGuard is integrated with a
third-party tax situsing organization. Proxix’s Site-US Tax product uses precise
geocoding, spatial analysis, and an up-to-date nationwide tax district database to deliver
the most accurate jurisdiction assignments.
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Develop and maintain General Ledger codes. |
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Follow Generally Accepted Accounting Principles (GAAP) such as Accrual Accounting and Double Entry Book-keeping. |
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Export General Ledger data for use in corporate accounting system. |
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Leverage out-of-the-box financial forensics and auditing reports. |
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Interface with credit scoring repositories and define business-specific scoring criteria. |
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Support for E-Pay processing and management. |
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Post payments and adjustments immediately or in a batch process. |
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Configure policies for write-offs, aging, finance charges, disputes, etc. |
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Establish scripting to automatically perform suspends and restores. |
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Support for dunning letters, payment plans, and collections agency export. |
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Handle complex taxation and payment application. |
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Use precision tax situsing to eliminate assignment errors. |
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