TEM Solutions That Help Customers Save Money and Improve Bottom Line

Veramark Technologies

Subscribe to Veramark Technologies: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Veramark Technologies: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Veramark Authors: Karyn Price

Related Topics: RIA Developer's Journal, iPhone Developer, iPhone for Business, Enterprise IT: Moving CapEx to OpEx , New Media on Ulitzer, Facebook on Ulitzer, Bailiwick Company, Veramark Technologies, Telecom Expense Management

Bailiwick: News Feed Item

Veramark Receives 2008 Communications Solutions Product of the Year Award

VeraSMART Software for Telecom Expense Management Recognized for Innovation and Ability to Control and Reduce Telecom Spend

PITTSFORD, NY -- (Marketwire) -- 05/27/09 -- Veramark Technologies, Inc. (OTCBB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, today announced that its TEM-enabling software, the VeraSMART® Communications Management Suite, has received the 2008 Communications Solutions Product of the Year Award from Technology Marketing Corporation (TMC).

VeraSMART provides an environment for full product lifecycle telecommunications expense management. VeraSMART helps organizations gain visibility into their communications networks and reduce expenses associated with their voice, data, and wireless services and infrastructure. For organizations trying to reduce telecommunications and information technology costs, success requires visibility into usage and spend and the means to control them. VeraSMART provides a holistic view of all telecom and IT expenses -- including costs associated with managing assets, work orders, wireline and wireless usage, and service provider invoices -- and gives organizations the TEM-enabling technology they need to control those costs more effectively.

"Telecom Expense Management is a services market and VeraSMART is one major differentiator for Veramark as compared to other TEM service providers," said Denise Chapman, Veramark's Director of Marketing. "It enables Veramark to provide better, faster, and more cost-effective TEM services. In addition, ease-of-use features and industry-leading support and services offer customers the option to license the software and utilize in-house staff to effectively manage telecom expenses."

Corporate telecom and IT networks continue to grow in terms of sophistication, complexity, and costs. Recognizing this, Veramark has led the industry by investing in an innovative, comprehensive platform. VeraSMART is an enterprise software platform with a single database, an integrated workflow, and an advanced analytics engine.

"Better management can shave 10% - 30% of a company's telecom expenses, which goes straight to the bottom line," stated Josh Bouk, Vice President of Customer Services. "Veramark is committed to providing TEM solutions that help our customers control and reduce their communications costs. VeraSMART is the enabling technology for our TEM solutions, and we're pleased that TMC has recognized, for the second consecutive year, the exceptional value that VeraSMART represents."

VeraSMART includes innovative telecom expense management features, including the MySMART portal, a configurable Web interface that gives each user access to the VeraSMART features they need to track, manage, and reduce telecom costs. By providing users enterprise-wide with access to their telecom reports and charges, MySMART raises awareness of telecom spend, improves accountability, and encourages responsible use of telecom resources across the enterprise.

MySMART also supports Web-based ordering and fulfillment, help desk, and other automated self-service workflows that can be configured for each organization and user role. Pre-packaged workflows include Wireless Procurement, which makes it easy for users to place orders for approved wireless plans and products in compliance with corporate policies and negotiated rates.

"Veramark has been recognized with a 2008 Product of the Year Award for their excellence in the advancement of voice, data and/or video communications," said Rich Tehrani, TMC President and Group Editor-in-Chief. "Veramark has proven they are committed to quality and excellence in telecom expense management solutions that benefit the customer experience, as well as produce rapid ROI for the companies that use them. We are pleased to honor their hard work and accomplishments and look forward to more innovative solutions from Veramark in the future."

About Veramark Technologies, Inc.

Veramark is a leading provider of communications management solutions that help organizations gain visibility into their communications networks and reduce expenses associated with their voice, data, and wireless services and infrastructure. Veramark solutions, which include software and services for Telecom Expense Management (TEM) and Business Process Outsourcing (BPO), provide business intelligence for managing complex unified communications networks on a global scale. For more information, visit www.veramark.com.

About TMC

Technology Marketing Corporation (TMC) is a global integrated media company helping our clients build communities in print, in person and online. TMC publishes Customer Interaction Solutions, INTERNET TELEPHONY, Unified Communications, and NGN Magazine. TMCnet, TMC's Web site, is the leading source of news and articles for the communications and technology industries. TMCnet is read by two to three million unique visitors each month worldwide, according to Webtrends. TMCnet is ranked as 2,921 in Quantcast's Top U.S. Sites placing TMCnet in the top .03% most visited Web sites in the U.S. In addition, TMC produces ITEXPO, 4GWE Conference, Digium|Asterisk World and Communications Developer Conference. TMC's Green Blog has been ranked on the "100 Best Blogs for Those Who Want to Change the World." TMC also recently launched new industry-specific Web sites: IT.TMCnet.com, Cable.TMCnet.com, Robotics.TMCnet.com, Satellite. TMCnet.com, Green.TMCnet.com. New services offered by TMCnet include the Tech Jobs site, TMCnet iPhone News and Facebook connections. For more information about TMC, visit www.tmcnet.com.

Veramark and VeraSMART are registered trademark of Veramark Technologies, Inc. MySMART is a trademark 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.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Veramark Media Contacts:

Denise Chapman
Director of Marketing
Tel: 585.383.6883
eMail: Email Contact

Karyn Price
Bailiwick Company for Veramark Technologies
Tel: 609.397.4880 ext. 204
eMail: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.