Since we believe a successful TEM strategy must start with strategic sourcing and procurement, we are pleased that Gartner has rated Avotus' eProcurement capabilities in this latest MarketScope
Toronto and Boston (PRWEB) December 18, 2006
Avotus Corporation announced it received a "Positive" rating in leading independent analyst firm Gartner's "MarketScope for Telecom Expense Management, 2H06."
Gartner estimates that the revenue for the Telecom Expense Management (TEM) market consisting of software and IT services will grow to reach $1.5 billion by 2010 (at a compounded annual rate of growth of almost 40%).
Twenty three (23) vendors were profiled in the TEM MarketScope from a base of over 100 companies who provide telecom expense management services in North America. Companies were evaluated based on five criteria including business model, customer experience, innovation, product and service, and overall viability.
According to the report, the acquisition, provisioning and management of telecommunications and network assets continues to be a challenge for IT departments and business units.
"Since we believe a successful TEM strategy must start with strategic sourcing and procurement, we are pleased that Gartner has rated Avotus' eProcurement capabilities in this latest MarketScope," commented Fred Lizza, president and CEO at Avotus. "By using our online reverse auction which has been developed specifically for communications procurements, we guarantee that our customers will get better results than by any other means."
Intelligent Communications Management™ (ICM) is Avotus' unique Telecom Expense Management model that enables any company to bring together decision-critical information about communications expenses and systems usage with electronic procurement. Avotus ICM is a single, actionable, technology and best practices-based environment that is built upon three key integrated business processes:
- ICM eProcurement - is revolutionizing the way companies source communications by automating the entire RFx and procurement process using an online reverse auction.
- ICM Expense Management - relieves organizations of the efforts and costs associated with provisioning, communications inventory management, invoice processing and reconciliation
- ICM Usage Management - provides visibility to all telecom usage and expenses throughout the enterprise, assisting in the expansion of wireless capabilities, migration to IP, and adoption of other core new technologies.
The MarketScope for Telecom Expense Management 2H06 was authored by Eric Goodness and Phillip Redman at Gartner and is available at http://www.gartner.com; please note there may be a fee associated with viewing the report in its entirety.
The MarketScope is copyrighted October 27, 2006 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Abou Avotus Corporation
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.