| [January 11, 2006] |
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MBG Announces Enhanced Telecommunications e-Sourcing Services Through Strategic Partnership With Source Loop; e-Sourcing Proven to Provide Substantial Savings in the Procurement of Telecom Services
NEW YORK --(Business Wire)-- Jan. 11, 2006 -- MBG, a leading telemanagement provider for Global 2000 companies, announced further expansion of its full outsource and application service provider (ASP) solutions suite. Effective immediately, MBG will partner with Source Loop to provide strategic sourcing services for both existing and new clients. These services utilize Source Loop's SmartSource application, a comprehensive online e-sourcing and reverse auction platform.
"e-Sourcing is a "must have" component of any company's overall telecom expense management (TEM) initiative," says Eric Goodness, research vice president, Gartner. "To obtain full benefit, buyers must realize that e-sourcing cannot be a stand-alone effort - it must be part of an integrated approach within a broader TEM strategy."
In line with TEM solutions, e-Sourcing is aimed at creating efficiencies in the telecom procurement process. Reverse auction telecom purchases create a competitive environment that provides optimal pricing for organizations, while reducing the time it takes to purchase telecom services.
"MBG has successfully delivered a full outsource of TEM services to a number of global clients, and e-Sourcing is a natural extension of these services," said Richard Simons, chief operating officer at MBG. "The Source Loop team has a broad and in-depth understanding of the telecom market. Its e-Sourcing technology effectively helps companies align their individual communications strategies with a cost-effective sourcing approach."
"Building on the strong understanding of telecom inventory that MBG provides to its clients, Source Loop is very effective at sourcing more cost effective services, without reducing service quality," said Chris Lee, Managing Director, Source Loop. "Our e-procurement and optimization services, which enable online management of RFP solicitation and comprehensive reverse auctions, routinely deliver 30-60% savings for clients of all sizes and industries."
About MBG
MBG (www.mbg-inc.com) is a leading Telecom Expense Management (TEM) services provider that develops Web-based telecommunication and IT management solutions for Global 2000 companies. Founded in 1990, MBG's solutions are focused on helping large organizations manage, monitor, and order all of their telecommunications and IT services through a secure, centralized hub. MBG's core solutions include IT inventory, invoice presentation and processing, provisioning, and corporate chargeback solutions, which provide a complete end-to-end TEM solution for our clients. Headquartered in New York, today MBG serves some of the largest multi-national corporations, processing more than $2 billion worth of telecommunications and IT charges.
About Source Loop
Based in Fairfax, VA, Source Loop delivers innovative sourcing solutions to procure telecom services. The company's SmartSource online sourcing and reverse auction application enables enterprises to source complex telecom services in a fraction of the time compared to conventional approaches. Source Loop is operated by experienced telecom expense management executives responsible for founding one of the largest TEM service providers in the U.S. More information about Source Loop can be found at www.SourceLoop.com.
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