TMCnet News
Avotus Reports Continued Strong Telecom Expense Management (TEM) Bookings and Renewals in First Quarter 2007TORONTO and BOSTON, May 15 /PRNewswire/ -- Avotus Corporation, the leading provider of Telecom Expense Management (TEM) and eProcurement solutions, today announced that it has closed 12 major new contracts, which included competitive replacements of other TEM solutions, in the first quarter of 2007. In addition to winning business from the competition, Avotus announced that over 200 existing customers renewed their current contracts. These TEM contracts include several Fortune 100 companies in the high technology and financial services industries, as well as the federal government. Many of these customers will utilize the Company's ICM Expense Management(TM) solution, which enables a company to manage all of its operational processes across the entire procurement to payment chain, including purchasing, implementation, inventory management, invoice validation and finance management "We're pleased to continue our strong growth in the telecom expense management space in the first quarter," said Fred Lizza, president and CEO of Avotus. "The traction we are building throughout our entire suite of ICM solutions is a reflection of the superiority of our approach and the value our customers place in our unique combination of eProcurement, expense management and usage management. We continue to see movement by large companies to replace less capable earlier generation products in favor of newer solutions." Avotus' suite of Intelligent Communications Management (ICM) solutions, which includes ICM eProcurement(TM), ICM Expense Management(TM) and ICM Usage Management(TM), far exceed simple invoice processing, validation and reconciliation by offering a complete lifecycle management approach, starting at procurement and running through the life of the contracts. ICM is based a foundation of best practices that Avotus has developed through decades of telecom industry experience, ensures compliance and consistency, prevents leakage and errors and delivers results that are verifiable and sustainable. This total solution helps customers initially secure the best price and terms via Avotus' ICM eProcurement and WebAuction(TM) technology, which leverages a best-in-class database comprised of 20 years of bid data collected from previous auctions, including information from auctions taking place today. Avotus' lifecycle management approach also help companies manage expenses to ensure that terms are met and payments are properly processed, while also managing usage to ensuring that customers make the most efficient use their telecom services. "As expected, so far in 2007 we are seeing a continuation and acceleration of growth in all sectors of the TEM market," commented Eric Goodness, Research Vice President, Gartner. "Enterprises are seeing the value in improved processes and greater control over one of their largest indirect expense areas, and we also are seeing an increase in companies moving to second generation TEM solutions." About Avotus Corporation A pioneer in automated telecom expense management with a 20-year history of innovation and excellence, Avotus continues to lead the industry with the only end-to-end, technology-based solution for managing, understanding, and reducing voice and data spend. Bringing together eProcurement, Expense Management and Usage Management in one complete lifecycle management solution, Avotus is changing the way businesses source, procure, and manage their worldwide communications spend and assets. For more information, visit http://www.avotus.com/. Avotus Corporation is a registered trademark and Avotus Intelligent Communications Management and Avotus WebAuction are trademarks of Avotus Corporation. All other trademarks are the property of their respective owners. EDITORS - For further information: Jo Martell Avotus Corporation 1 Van De Graaff Dr. Burlington, MA 01803 781-238-4455 Ext 222 [email protected] Avotus Corporation CONTACT: Jo Martell of Avotus Corporation, +1-781-238-4455 Ext 222,[email protected] Web site: http://www.avotus.com/ |