Managing IT Costs in Challenging Times

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Moneris Solutions Implements the IT Tracker System from Tracker Networks

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The IT Tracker system is helping us to get a better view of our expenses and to validate that we are managing our budgets well as compared to the market.

Many technology executives believe they doing a good job of managing their IT budgets, but find it difficult to defend their expenditures, plans and budgets to their finance team and others in their organization.

Other executives struggle to get a full view of the technology resources they manage. Asset tracking systems are complex and often do not provide good insight into the services contracts, consulting, contractors, telecom agreements, and other commitments that account for the majority of IT spending. Budgeting and planning is difficult and opportunities to save money are missed. IT executives often face unpleasant surprises in the form of unbudgeted contract renewals and maintenance expenditures.

Tracker Networks is pleased to announce that Moneris Solutions has implemented the IT Tracker System to enhance their IT financial management capabilities. “The IT Tracker system is helping us to get a better view of our expenses and to validate that we are managing our budgets well as compared to the market” said Amer Matar, Chief Technology Officer, Moneris Solutions.

The IT Tracker system makes it easier for IT executives to track all of their equipment, software, support agreements, telecom contracts, consultants, services and other key expense areas. Using analysis and confidential benchmarking against the Tracker Networks market database, the system helps identify ways to save money and provide additional value to the business. “IT Executives receive a real-time report card and can factually prove that they are doing a good job of managing resources,” said Jason Doel, Executive Vice President and Chief Operating Officer of Tracker Networks.

“We like the flexibility of the tool and that it is intuitive and easy to use. This will keep our users engaged and help us keep our information up-to-date,” commented Matar.

“We are very pleased with the market reception to the IT Tracker system and the over 100% growth we are seeing in our business as a result,” said Roger Mahabir, Chairman and Chief Executive Officer of Tracker Networks.

About Moneris Solutions

As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Through its Ernex division, Moneris offers electronic loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems needed to improve business efficiency and manage payments. For more information please visit

About Tracker Networks

Tracker Networks Inc. is a privately held software company headquartered in Toronto, Canada. Tracker Networks provides software systems to help organizations and business networks to manage technology resources, pricing, costs, contracts and other complex business data to lower costs, speed transactions and increase revenue.


For Tracker Networks
Jason Doel
Tel 416.446.0758
Email jason.doel(at)

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