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AnchorPoint Sponsored Aberdeen Group Report Tackles CFO View on Telecom Cost Management

New Research Shows Best in Class Enterprises are Using Technology and Business Process Outsourcing to Bridge Gap Between Finance and IT

Apr 23, 2007 - Framingham, MA - A new benchmark report from Aberdeen Group – The CFO’s View of Telecom Cost Management – focuses on how Finance and IT bring different perspectives to expense management. The report particularly highlights areas where technology can help fill gaps between finance and IT for Total Telecom Cost Management (TTCM) performance to help manage their communications spend. The result: IT getting the automation and tools they need to manage spend and providing finance with visibility into spend and transparency.

The AnchorPoint sponsored report indicates telecom network expenses range from 1% of revenue for large enterprises to 2.2% of revenue for small enterprises. “The report confirms IT and Finance have unique cross-departmental TTCM requirements to maximize the benefits to visibility, operational efficiency and the bottom line,” said David E. Olsson, CEO & President of AnchorPoint. “As enterprise telecom services become an increasingly greater portion of the IT budget with more complex services, Finance and IT are recognizing the value of aligning their management goals for high-impact operational and automated solutions for TTCM that range from usage management, invoice management, auditing, service order management and provisioning to aligning telecom assets. These challenges are magnified in large enterprises with multiple businesses and departments managing multiple vendor relationships.”

The Aberdeen Group report indicates 63% of survey respondents currently have a program to reduce telecom costs, yet results vary wildly because most firms do not have the proper technology or in-house skills sets to address reducing operational costs to manage network expenses, reducing late payment penalties, improving procurement efficiencies, and better auditing tools for achieving results.

AnchorPoint Telecom Expense Management (TEM) solutions help enterprises plan, manage, reduce costs, and improve operational efficiencies. Uniquely, AnchorPoint provides a fully integrated TEM suite (Invoice Management, Usage Management, Asset Management, and Business Analytics) for wireline and wireless services on one platform. AnchorPoint provides customers deployment options to meet their specific requirements that include software license, hosted or outsourced through a “lifecycle menu” of managed services. The AnchorPoint system is designed to provide a single view of visibility and management control into all their telecom expenses and operations resulting in up to 35% savings.

In the report, Aberdeen Group noted, “When evaluating telecom cost management initiatives, CFOs and CIOs are in alignment: 86% focus on operational costs savings; 60% focus on the likelihood of achieving financial goals; and 56% focus on the percentage of return on investment.

A complimentary copy of the Aberdeen Group study can be found at Aberdeen/AnchorPoint.

Corporate Contact:
Michael Grillo | Marketing Director | +1 508-628-4524 | mgrillo@anchorpoint.com

About Anchorpoint

AnchorPoint (www.AnchorPoint.com) is a leading provider of Telecom Expense Management Solutions that enable enterprises to gain visibility and control of strategic assets that drive key business processes and crucial competitive advantage. The company’s award-winning software, consulting and managed services solutions -- including integrated Invoice, Asset, and Usage Management and Business Analytics tools -- provide professionals at every level of the organization with rapid access to concise, actionable data. Armed with this knowledge, they can make smart operational and financial decisions that maximize the performance of core assets and services. From reducing costs and optimizing resources for superior ROI; from allocating budgets to ensuring regulatory compliance; from purchasing to payment; and everything in between, global leaders like BB&T, Pitney Bowes and AGFA rely on AnchorPoint for absolute control over bottom line results.