Audit Provides Clients with Proof of Compliance with Sarbanes-Oxley

SANDY HOOK, Conn. (Business Wire EON/PRWEB ) July 30, 2007 -- TnT Expense Management, an industry recognized, premier provider of telecom expense management (TEM) services, announced that it received a favorable Statement of Auditing Standard, Number 70 (SAS 70), Type II audit report. This rigorous evaluation performed by an independent auditor provides assurance to TnT Expense Management’s business clients that their data is being handled with utmost security and with business controls approved by the American Institute of Certified Public Accountants (AICPA). TnT Expense Management clients can use this SAS 70 audit as proof of their own compliance with Sarbanes-Oxley’s Section 404 requiring management's annual assertion of effective internal controls over financial reporting.

By conducting a SAS 70 Type II audit, we believe TnT Expense Management is raising the bar in the TEM industry. We pride ourselves at going deeper than any other TEM provider in our management of clients' telecom expenses and this strategy helped us achieve the highest level of compliance from the AICPA

Today's businesses are held to a higher degree of accountability and we are happy to help them meet compliance with Section 404 of Sarbanes-Oxley without having to perform a service provider audit.

There are different levels of detail that a telecom cost management vendor can go into when managing telecom expenses for their clients, and enterprises are not always comparing apples to apples when it comes to choosing a TEM provider that can effectively manage their telecom expenses.

Gartner projects that TEM services will be a $1.5B market by 2010. In this growing but increasingly crowded TEM industry, TnT Expense Management is setting an example by formalizing its compliance in approximately 175 business controls in the following categories: data and network security, computer operations, control environment, change management applications and infrastructure, SDLC systems development, environmental, physical and logical security and disaster recovery. TnT completed the audit with a perfect score displaying full compliance with every one of the 175 applicable controls.

Joe Basili, research director of Aberdeen Group, said recently, “There are different levels of detail that a telecom cost management vendor can go into when managing telecom expenses for their clients, and enterprises are not always comparing apples to apples when it comes to choosing a TEM provider that can effectively manage their telecom expenses.”

Founded in 1999, TnT has been profitable from day one and in 2006, doubled its business in terms of employees, total telecom spend processed and total inventory items under management, all key growth measurements in the TEM industry. TnT helps enterprises and mid-market businesses manage their telecom and IT expenses and saved a Fortune 50 financial services company over $46 million dollars since 2000 and another financial powerhouse $15 million last year alone.

More information on SAS 70 requirements and audits can be found at www.sas70.com.

About TnT Expense Management

TnT Expense Management optimizes telecom and IT spending for enterprises and mid-market businesses through a personalized, full life cycle approach to telecom expense management that takes full responsibility for all wireless and wireline expenses, from auditing and bill processing to inventory and vendor management, device provisioning to contract negotiation and aggressive claims tracking. TnT clients are corporations in the finance, manufacturing, communications and insurance sectors as well as state government and other Fortune 500 businesses. TnT Expense Management is a privately held company based in Sandy Hook, Connecticut with staff also in New York, New Jersey, California and Kentucky.

Additional information about TnT Expense Management can be found at www.tntem.com.

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telecom expenses telecom expense management telecom cost management tem sarbanes-oxley sas 70 michael bodetti joe basili

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