TEM Solutions That Help Customers Save Money and Improve Bottom Line

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Veramark Technologies Journal Telecom expense management (TEM) can significantly reduce an organization’s telecom expense. But many companies are missing out on these savings for one of the following reasons. Leading TEM vendor Veramark Technologies offers 11 timely tips to ensure your organization isn't making any of these costly TEM mistakes. 1.  No TEM solution. This is the most egregious mistake of all. According to the Aberdeen Group, "Enterprises are forfeiting 12% to 18%" if they do not have a proactive approach to telecom cost management that leverages technology and process improvements. Further more, "Every dollar brought under management drives savings to the bottom line." Even a partial TEM solution can more than pay for itself in telecom savings. 2.  Manage telecom expenses through audits alone. The historical audit is an important tool for defining t... (more)

Declare Your Independence with Telecom Expense Management

Declare your Independence...with TEM While most of us are celebrate the 4th of July with picnics and fireworks, there are some business performance wonks among us (you know you who are) who will spend the holiday thinking about independence as it applies to their enterprise, their finances, and their employees. They know that telecom expense management (TEM) is a powerful weapon in the war for business independence, because it frees up dollars and resources for other, more profitable activities.    How can TEM help you win the battle for business independence? Reduce telecom costs. Every dollar you keep from the carriers frees up cash you can spend or invest in other ways - or to enhance the bottom line. Improve productivity. TEM solutions that include workflow automation capabilities can help you operate more efficiently and reduce labor costs. That can free up y... (more)

Veramark CEO to Present Business Benefits of Telecom Expense Management at CFO Rising Conference

PITTSFORD, NY -- (Marketwire) -- 03/02/09 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, announced today that Veramark President and CEO, Tony Mazzullo will present the business case for telecom and IT expense management at the 16th annual CFO Rising conference hosted by CFO Magazine. Mazzullo will deliver his educational workshop, "Improve the Bottom Line by Reducing Telecom and IT Expenses - Without Cutting Services," at the conference on Monday, March 9, 2009. "With the financial crisis that the world is experiencing today, CFOs face some tough choices," said Mazzullo. "They need to cut expenses without compromising competitive advantage. Telecom and IT expense management programs help CFOs to significantly reduce telecom and IT spend without reducing capabilities for collaboration, communication, ... (more)

Balancing Telecom Expense Reduction with Corporate Demand

Balancing Telecom Expense Reduction with Corporate Demand In today's lagging economy, telecom departments are struggling to reduce expenses while continuing to support the corporate communications network and deliver the ubiquitous 24/7 service that employees need to maximize their productivity. How can businesses balance these countervailing forces in a recession? This on-demand Webinar from Veramark Technologies explores the strategies, internal capabilities, and technologies that organizations use to successfully reduce telecom and network expenses over 20% while maintaining the level of operational functionality and collaboration that their business demands. Key Takeaways Strategies for success: • Best-in Class TEM requires company commitment and the right approach, strategy, and tools Call accounting, contract management, and strategic use of managed services ... (more)

The Myth Behind "Successful" Telecom Audits

Veramark Technologies Journal Telecom is one of the top 5 expenses in most organizations today and is increasingly a target of cost-cutting efforts. Historical telecom audits provide quick, one-time savings that can be an important part of these efforts - but only a part. Because audits provide only a snapshot-in-time of the telecom network, they fail to provide organizations with the sustained visibility needed to identify trends, make accurate budget forecasts, and solidify long-term ongoing savings. Based on the experiences gleaned in more than 25 years in the telecommunications industry, Veramark Technologies finds that the key to continuous, long lasting savings is a full product lifecycle telecom expense management (TEM) solution. TEM helps businesses dramatically reduce operational expenses, improve staff productivity, and plan future investments in technolo... (more)

Veramark to Host Telecom Expense Management Webinar

PITTSFORD, NY -- (Marketwire) -- 02/23/09 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, will present a complimentary Webinar titled "Balancing Telecom Expense with Corporate Demand" on Tuesday, March 3, 2009. The Webinar will explain how organizations can optimize their telecom strategies to deliver maximum capabilities at minimum cost. The featured guest speaker, Hyoun Park, is Research Editor in Aberdeen Group's Technology Markets Group and a widely recognized expert in Telecom Expense Management (TEM). "We are excited to be working with Mr. Park on this Webinar," said Josh Bouk, Veramark Vice President of Customer Services. "The Aberdeen Group is an independent authority on telecom expense management and optimization and Mr. Park's knowledge and insights are highly regarded. Mr. Park understands the... (more)

Veramark Unveils Next-Generation Telecom Expense Management Software

Veramark Technologies, Inc. (VERA.OB), a leading provider of Telecom Expense Management (TEM) solutions, today announced the release of VeraSMART® 8.1 Communications Management Suite. VeraSMART 8.1 delivers improved usability, reliability, and productivity. Enhancements include a self-service wireless procurement solution and a configurable interface that empowers every user in the enterprise to participate in telecom expense reduction. “The technology and enhancements introduced with VeraSMART help companies reduce their telecom costs and improve the bottom line, which is especially valuable in today’s difficult economy,” said Tony Mazzullo, Veramark President and CEO. “VeraSMART 8.1 features the new MySMART™ portal – a user-friendly ‘window’ to the information and capabilities they need to manage their telecom expenses and maximize their productivity.” MySMART can... (more)

VeraSMART(R) Wireline and Wireless Call Accounting Now Featured Within Ingram Micro's US Solution Centers

ROCHESTER, NY -- (Marketwired) -- 08/16/13 -- Veramark Technologies, Inc., today announced that its VeraSMART® wireline and wireless call accounting software are now featured within Ingram Micro Inc.'s (NYSE: IM) Solution Centers in Buffalo, New York and Santa Ana, California. The Ingram Micro Solution Centers are state-of-the-art training and demonstration facilities designed to address the needs of IT solution providers who sell into the small-to-midsize, enterprise and consumer electronics markets. Within Ingram Micro's Solution Centers, the worlds of IT and consumer electronics merge to create the best technical solutions for home and business. VeraSMART call accounting solutions save valuable time for busy Telecom Managers who are responsible for answering usage and expense reporting questions about their telephony and unified communications equipment. Verama... (more)

Veramark VP of Engineering and Operations to Discuss Business Intelligence for Telecom Expense Management at InAAU Conference

PITTSFORD, NY -- (Marketwire) -- 05/05/09 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, announced today that Tom McAlees, Veramark's Vice President of Engineering and Operations, will present "A Conceptual Framework for Evaluating Business Intelligence Technology for Telecom Expense Management" at the 2009 annual conference of the International Alliance of Avaya Users (InAAU). The InAAU conference will be held from May 17 - 21 at the Gaylord Palms in Orlando, Florida. McAlees will deliver his educational presentation on Sunday the 17th and Wednesday the 20th. "The rapid evolution of communications technology, corporate IT and telecom networks are becoming increasingly costly, complex, and difficult to manage," said McAlees. "Veramark is a leading provider of expense management solutions that save our... (more)

Veramark Unveils Innovative Business Intelligence Solution for Telecom Expense Management

PITTSFORD, NY -- (Marketwire) -- 06/09/09 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) software and services, today announced the release of VeraSMART Performance Advisor™, a business intelligence solution for analyzing telecom expenses and generating actionable information that can help reduce costs and improve productivity. "We worked closely with Veramark customers as we developed VeraSMART Performance Advisor and we are excited about the results. VeraSMART Performance Advisor allows our clients to prioritize actionable information and focus attention on opportunities to reduce expenses, increase productivity, and monitor against performance objectives," said Mike Miller, Director of Data Architecture and Analytics at Veramark. "This advancement in our TEM capabilities reflects Veramark's significant R&D in... (more)

International Speedway Corporation Awards Veramark Telecom Expense Management Contract

PITTSFORD, NY -- (Marketwire) -- 01/19/10 -- International Speedway Corporation (ISC) has selected Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, to help the motorsports company process telecom invoices more efficiently, allocate costs, and gain more control over the use of telecom resources. The Veramark® solution will utilize the TEM provider's VeraSMART Telecom Expense Management Suite. VeraSMART® is a scalable and fully integrated Web-based application platform that provides centralized data management, workflow automation, and business intelligence for telecom expense management. ISC has licensed VeraSMART components for call accounting, charge allocation, and invoice management to provide telecom expense management for the International Motorsports Center, the headquarters for ISC, NASCAR®, and GRA... (more)