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June 24, 2010

BillSoft and VCom Forge Telecom-Expense Management Partnership

Transaction-based tax specialist BillSoft has announced the formation of a partnership with Enterprise Telecom Expense Management expert vCom.
BillSoft's (News - Alert) specialty is the enhancement of service bureau products and billing systems. The company's EZTax keystone product is known as the most comprehensive transaction tax package available in the marketplace, and provides a comprehensive tax system that offers the best possible value.
vCom has pioneered and continues to constantly refine Telecom Management as a Service, which helps enterprise clients improve the bottom line through reducing expenses and increasing visibility. To this end, the company offers a comprehensive range of cloud-based Telecom Management software tools that are complemented by a full Professional Service portfolio.
vCom is to utilize the compliance and tax services BillSoft offers on many different levels-such as federal, state, regional and local levels. Under the terms of the agreement, BillSoft is to provide vCom with assurance that tax returns are prepared accurately and in a timely manner. vCom, for its part, is to work directly with BillSoft on the filing of hundreds of monthly telecommunications tax returns, and will also work closely with BillSoft on legal issues that pertain to telecommunications.
Vicki Klein (News - Alert), Billsoft president, said that the partnership is aimed at helping telecom firms manage expenses better in the challenging economic environment of today.
Jenna Brown, vCom's director of Regulatory Affairs, said that she was confident that every telecom transaction that is processed on customers' bills can be taxed appropriately and at applicable tax rates, from the proper jurisdiction all the way down to specific address locations. She added that a distinctive quality of Billsoft is that it has legal services that can be easily utilized when partners have questions regarding any issue. Billsoft maintains a full complement of professional staff that includes expert compliance analysts and skilled technical personnel who stand ready to assist partners like vCom.
In related news, summit on telecom expense management was held in Washington, D.C. from June 21 to June 22.

Anuradha Shukla is a contributing editor for TMCnet. To read more of Anuradha's article, please visit her columnist page.

Edited by Juliana Kenny

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