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New VeraSMART 7.0 Software Release Helps Increase Productivity and Data Management

New VeraSMART 7.0 Software Release Helps Increase Productivity and Data Management

Veramark Technologies, Inc. (OTC BB:VERA.OB) a leading provider of communications management solutions, today announced a wide variety of product advances with its VeraSMART® Communications Management Suite 7.0 software release.

VeraSMART 7.0 offers new features and enhanced technologies designed to reduce expenses, boost productivity and enhance decision making through centralized information management. The release offers new Telecom Expense Management (TEM) features, additional integration with the Microsoft® environment, user-configurable dashboards, and enhanced support for diverse enterprise and carrier networks.

Several key VeraSMART 7.0 features include:

  • A user-configurable, multi-step invoice approval process with dollar thresholds—aligns the telecom spend approval process with corporate accounting standards
  • Enhanced vendor invoice trend monitoring—allows the user to define and focus on the “Top 5” or “Top 10” telecom expense accounts
  • New spend and utilization analysis reporting, such as configuring a “BlackBerry® Usage by Cost Center” analysis report—shows the audited status of devices, whether or not they are in use
  • Advanced wireless usage and exception reporting, identifies usage patterns falling outside the terms of the wireless plan—offering optimization strategies for wireless services
  • Closed-loop verification of accounts payable data completes the loop of bi-directional feeds in the AP system. VeraSMART 7.0 can receive and attach to its work flow payment verifications from accounts payable—allowing organizations to avoid late payment penalties

For a complete list of new VeraSMART 7.0 features, visit http://www.veramark.com/Data/Documents/VeraSMART-v7.pdf.

“In order to make informed decisions and to manage their business effectively, executives and management need information,” said Glenn Burdett, Director of Product Management at Veramark. VeraSMART allows organizations to access and convey communication data as meaningful and insightful information to large groups of users throughout the organization. “With its robust and easy-to-use reporting, alerting, and analysis capabilities, VeraSMART 7.0 provides businesses with visibility into, and control over their entire communications environment. Many organizations pick a software platform or a TEM vendor, and then struggle to measure and report on results,” said Burdett. “For over two decades, Veramark® has consistently delivered high-quality, fully-integrated and scalable software solutions. VeraSMART 7.0 continues this tradition as we introduce new dashboards and expense trend reports that provide valuable data for IT, finance, and management to leverage," said Burdett.

To automate tracking of enterprise usage, VeraSMART 7.0 adds compatibility with new switches and switch releases, including: Avaya®, Cisco®, Intecom, Iwatsu, Mitel, NEC®, Nortel™, Samsung® and ShoreTel®. VeraSMART supports carrier electronic invoices for wireless, wireline, data, and other services from AT&T®, Verizon® and Sprint®.

VeraSMART’s modular platform delivers the functionality businesses need to manage complex communication networks comprised on converging IP and TDM premises-based technologies, mobile and remote workers, and wireless devices. VeraSMART is an integrated, scalable, and Web browser-based software application that enables rapid implementation of outsourced, hosted or licensed solutions.

Veramark will launch its new VeraSMART 7.0 software at VoiceCon in Orlando, Florida March 17-20—the industry's premier IP telephony and unified communications event.

VeraSMART 7.0 is available immediately. Current VeraSMART users will receive a complimentary upgrade as part of their active maintenance agreement. For more information, contact Veramark at 585.381.6000.

About Veramark Technologies, Inc.

Veramark is a leading provider of communications management software and services that enable organizations to gain visibility into, and control over their voice, data, and wireless communications networks. Delivering innovative solutions to small, mid-size, and enterprise organizations, Veramark’s products are sold directly and through leveraged distribution channels. Veramark solutions are used by thousands of well-respected companies: Comcast Corporation, HJ Heinz, Hearst Communications, FEMA, US Department of Homeland Security, the University of California San Francisco Medical Center, and other leading organizations. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

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