A telecom service provider faced increasing challenges in tracking vendor payments and maintaining regulatory compliance across multiple jurisdictions. With thousands of invoices processed monthly, ensuring accurate tax reporting and on-time payments became a logistical nightmare.
Key challenges included:
After implementing Zenwork Payments, the company:
The telecom industry operates in a highly regulated environment, requiring strict adherence to tax laws, vendor contracts, and financial reporting requirements.
Key challenges included:
After implementing Zenwork Payments, the company:
Vendor Payment Delays Disrupted Operations
High Administrative Burden
FCC regulations required more frequent tax reporting.
Vendor payment tracking became unmanageable, leading to supply chain disruptions.
Finance teams were stretched thin, with no room for further manual processing.
As the company expanded into new markets, compliance requirements became more complex:
Metric | Before Zenwork Payments | After Zenwork Payments | Improvement |
---|---|---|---|
Compliance Accuracy | 75% | 100% | Eliminated tax filing errors |
Vendor Payment Processing Time | 5-10 days | 1-2 days | 80% faster |
Manual Compliance Work | 25+ hours per week | <5 hours per week | 80% reduction |
Late Payment Penalties | Frequent | Minimal | 90% improvement |
Achieved 100% compliance accuracy, reducing FCC and IRS risks.
Eliminated late vendor payments, improving supplier relationships.
Reduced compliance workload by 80%, freeing up finance team resources.
Automated Compliance Eliminates Risk
Faster Payments Strengthen Vendor Relationships
Reduced Administrative Burden
Expand automation to manage cross-border vendor payments.
Leverage AI-driven forecasting for improved cash flow planning.
Enhance real-time regulatory compliance tracking as new FCC regulations take effect.
By automating payments and compliance tracking, the telecom provider eliminated risks, improved financial accuracy, and positioned itself for continued growth.
Managing telecom and compliance doesn’t have to be complicated. Zenwork Payments ensures:
100% accurate tax filings & regulatory compliance
Automated compliance monitoring, reducing IRS & FCC risks
Enhance real-time regulatory compliance tracking as new FCC regulations take effect.
Faster, error-free payments to maintain strong supplier relationships
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