news: press releases

AnchorPoint Adds Strategic Sourcing to TEM Solution Offering

AnchorPoint Partners with Source Loop to Offer Technology-Based Managed Sourcing Solutions

Jan 11, 2006 - Framingham, MA - AnchorPoint™, a leading provider of integrated Telecom Expense Management (TEM) solutions, today announced the addition of Strategic Sourcing to its TEM solution portfolio, providing the tools, expertise and processes required by enterprises to achieve best-in-market rates and contracts for voice, data and wireless services.

AnchorPoint’s Strategic Sourcing solution helps companies define communications requirements, improve the vendor selection process, and manage rapidly changing communications investments. Developed in partnership with Source Loop, an innovator in Telecom Service Sourcing, the solution leverages state-of-the-art sourcing tools, a reverse auction platform and best practice expertise to alleviate the complex and time-consuming contract negotiation process.

In addition, the solution will optimize enterprise clients' networks to accommodate current and future communications needs, establish contract benchmarks, and conduct competitive sourcing and bidding across suppliers. Powered by Source Loop's e-procurement and reverse auction technology, AnchorPoint can conduct sourcing events in half the time of traditional approaches and can secure rates that have historically been attained by only the largest telecom contracts.

“Sourcing is an important area of the TEM lifecycle that presents significant opportunities for cost savings, yet most companies lack the necessary expertise, benchmark data and automated tools to make strategic decisions about contracts and to attain best in market rates,” said Brad Standley, vice president, consulting services, AnchorPoint, Inc. “In certain circumstances, a strategic approach to sourcing has resulted in contract-to-contract cost savings of between 25 and 65 percent, and the use of reverse auctions alone can bring an additional 15 percent savings over traditional approaches.”

Under the terms of the business partnership agreement, AnchorPoint will utilize Source Loop technology and services in its Strategic Sourcing solution. “Partnering with AnchorPoint exposes us to a broad range of national customers that understand the value of a comprehensive TEM solution, of which sourcing is a major component,” said Chris Lee, managing director, Source Loop. “Our two companies’ value propositions are very closely aligned and we believe that this partnership will help both companies grow through the introduction of additional services to existing and new customer bases.“

“After evaluating the market, Source Loop stood out as the innovation leader in sourcing. They are a natural partner to leverage in our efforts to lead the market by offering the most complete, best-of-breed TEM services and solutions portfolio,” said David E. Olsson, president and CEO, AnchorPoint, Inc. “The addition of Strategic Sourcing meets both our customers’ requirements and an emerging market need and we will continue to identify and add solutions that help our clients achieve cost savings, improve ROI and manage their communications investments.”

For more information on AnchorPoint's Strategic Sourcing, please visit AnchorPoint Sourcing.

About Source Loop

Based in Fairfax, VA, Source Loop delivers inovative sourcing solutions to procure telecom services. The company's Smart Source online sourcing and reverse auction application enables enterprises to source complex telecom services in a fraction of the time of conventional approaches. Source Loop is operated by experienced telecom expense management executives responsible for founding one of the largest TEM service providers in the US. More information about Source Loop can be found at www.Source Loop.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.