Avotus Corporation, the leading provider of communications expense management and e-Procurement solutions, today reported that it has saved a Fortune 500 property & casualty insurance company approximately $12 million in voice telecommunications expenses through the use of its Avotus e-Procurement solution and related telecom procurement services and expertise.
Avotus Corporation, the leading provider of communications expense management and e-Procurement solutions, today reported that it has saved a Fortune 500 property & casualty insurance company approximately $12 million in voice telecommunications expenses through the use of its Avotus e-Procurement solution and related telecom procurement services and expertise. The e-Procurement process reduced the insurance company’s costs for voice services by 47 percent and significantly lowered its Minimum Annual Revenue Commitment (MARC) for the balance of the contract.
“Many companies are recognizing that telecommunications is a specialized service that requires expert e-Procurement solutions,” said Alan Gold, Avotus chief marketing officer. “It’s not just about price. This insurance company, like many other large organizations, had a multi-year contract that, due to rapidly changing market conditions, had become onerous and expensive. By applying our Avotus WebAuction™ technology and e-Procurement solutions, along with our expertise and comprehensive knowledge base of best practice terms and conditions, we were able to help our client renegotiate to get a tremendously more beneficial contract with the incumbent supplier. This could not have been accomplished by consultants alone.”
Avotus is the only proven provider of e-Procurement services and online Web auctions for data and telecommunications services, including wireless, Internet telephony and landline services. Unlike generic e-procurement services such as Ariba, Avotus uses advanced technology and unmatched domain expertise specifically developed to optimize the return on complex communications procurement pricing, terms & conditions. As a recognized leader in the complex telecommunications expense management market, Avotus also offers the option of incorporating procurement results – terms & conditions, service level agreements, inventory, etc. – into a comprehensive telecommunications expense management (TEM) process. Avotus Intelligent Communications Management™ ensures that negotiated pricing and terms are implemented and tracked over the life of the contract.
About Avotus
Avotus is changing the way companies source, procure, and manage their communications services and assets. Combining technology, automation, and domain expertise, Avotus is redefining industry best practices. Avotus solutions eliminate the wasted time and hassle usually associated with contracting for new communications services and products, and renegotiating existing or expiring agreements. Automated invoice processing, inventory management, comprehensive spend management and reporting enable Avotus customers to realize significant initial spend reduction and achieve ongoing visibility, cost containment, policy adherence, and process improvements without operational overhead or capital investment.
Avotus has a 20-year history of empowering companies of all sizes to gain lasting control over their complete worldwide communications environment through the effective management of their voice, mobile and wireless, data and converged communications spend.
For more information about Avotus communications management solutions, customers, and partners, visit www.avotus.com.
Avotus Corporation is a registered trademark and Avotus Intelligent Communications Management and 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
Sandy McLaughlin
Soucy Communications Group
162 Great Rd.
Acton, MA 01720
978-266-1700
