Avotus ICM First to Support International Currencies for Communications Expense Management.

TORONTO and BOSTON -- Multi-currency capability enables companies to roll up communications costs for worldwide enterprise expense management...

Avotus(R) Corporation (TSX Venture: AVS), today announced enhancements to its Expense Management capabilities within Intelligent Communications Management(TM) (ICM). Avotus ICM Expense Management is the first to include international currency support, allowing users to review and pay invoices in local currencies and aggregate the costs from every communications service and asset type around the world into a single currency for corporate-level analysis and control. This latest version also introduces important inventory, financial and service order updates.

The first international communications management system

Avotus is the first to introduce a communications management system that is tuned for multinational organizations. It accomplishes this by allowing users to enter and store conversion rates for several currencies against a base currency. Users can then locally process and pay communications invoices in the local currency. The local expenses are converted into the base currency for organization-wide analysis, planning and management.

Conversion rates can be updated as required from recognized reference sources according to company policy. Avotus ICM Expense Management reports transactions in real time since it captures the data as the transaction -- for example, a payment -- is completed. Users can further localize numeric and date formats, as well as address attributes.

Avotus further supports internationalized communications management through its in-region support and electronic bonding with local carriers (PTTs) around the globe.

Avotus is also introducing further enhancements to its Expense Management offering which include:

--Enhanced inventory and asset management - Every asset has an owner assigned to it. It is important to know who has use or possession of a device or service as organizations support more mobile workers with cell phones, PDAs, remote offices and wired and wireless links. Avotus has also added the capability to view and disconnect all inventory associated with a site or an individual in a single action. This helps reclaim company assets, eliminate stranded assets and reduce fraud and abuse.

--Invoice management enhancements - Scanned or graphic images can be associated directly with electronic invoice representations so they can be easily referenced during invoice processing and during conversations with the carrier. Also, invoices can now be organized into logical batches for processing in accounts payable in either report or electronic file formats providing flexibility in managing the vendor payment process.

--Enhanced chargeback allocations - Users can create and charge back extremely detailed allocation rules on every line item of an order and have those rules automatically applied when the carrier invoices arrive. This allows the customer to charge back whole or partial network components within complex network structures with the finest precision.

"These are industry-leading enhancements that make Avotus the most logical choice for communications management for multinational organizations," said Chuck Machlin, senior vice president, Expense Management Solutions. "We are the only company to have multi-currency capabilities which, in a single, integrated system, span every type of communications service and asset managed. And, we have the expertise and the local bonding relationships to fully support global communications. Our multi-currency offering is already proving to be extremely popular with our existing customers and is further extending our leadership in the marketplace."

Avotus ICM Expense Management is available immediately as a hosted service, a fully outsourced service managed by Avotus, or an onsite application.

About Avotus

Avotus provides solutions that dramatically reduce the cost and complexity of enterprise communications. Intelligent Communications Management is Avotus' unique model for a single, actionable environment that enables any company to bring together decision-critical information about communications expense management, procurement and systems usage for wired, wireless and VoIP systems. Deployed as an onsite or hosted application, or as a completely outsourced value-added managed solution, Avotus enables dramatic savings while improving productivity and efficiency. Avotus is empowering Fortune 500 companies as well as thousands of other organizations worldwide to gain insight into and control over their communications environment. Its solutions are strongly supported and endorsed by industry-leading partners such as Avaya, Cisco, and Nortel. For more information, visit www.avotus.com.

Avotus is a registered trademark and Intelligent Communications Management is a trademark of Avotus Corporation. All other trademarks are the property of their respective owners.