Connexn Technologies' Certo Chosen by HP to Help Service Providers Capture Lost Revenue.WESTMINSTER, Colo. -- Connexn Signs Global Agreement with HP to Offer Complete Cost and Revenue Assurance Solutions Connexn Technologies, the world leader in technology-based Cost and Revenue Assurance (CRA See Community Reinvestment Act. ), today announced that its Certo platform will be included as part of the HP Revenue Assurance Portfolio. Under the agreement, Connexn and HP will provide complete and automated revenue assurance solutions to service providers worldwide. This agreement will enable service providers to capture lost revenue, increase operational efficiency, improve customer satisfaction and enhance the accuracy of financial reporting for compliance with regulations, such as Sarbanes-Oxley. Connexn's Certo products deliver leading CRA solutions, complete end-to-end automation, pre-packaged applications and deep domain expertise gained from more than 70 revenue assurance, provisioning and activation customer engagements. HP will sell the Connexn Certo software platform, providing consulting and integration services as well as maintenance and hardware support. Industry experts agree that service providers lose as much as 3 to 12 percent of annual revenue through errors in mediation, billing and interconnect, as well as corrupt data and fragmented operational and business support systems (OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. and BSS See 802.11. BSS - Block Started by Symbol ). Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. estimates the CRA market for software and services will reach $1 billion by 2008. By deploying HP and Connexn solutions, service providers will be able to recover revenue and reduce costs, driving bottom line growth. "By working with one of the leaders in IT and telecommunications, Connexn is accelerating the CRA market," said Woody Woody Slang to describe when the market has a strong and quick upward movement. Notes: For example, you'll hear "the market has a woody," when the market is performing well... seriously, we don't make this stuff up. Ritchey, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Connexn Technologies. "HP's global presence and its deep experience with BSS/OSS solutions deployments will help us tap into new markets, ultimately enabling service providers around the world to recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. lost revenue and improve operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: ." Connexn's Certo software platform automates every aspect of the CRA process, from project configuration and initiation to the complete resolution cycle of detection, case management and correction of data discrepancies. Certo complements HP's Revenue Assurance Portfolio by extending its cost and revenue assurance capabilities for data acquisition, analysis, reconciliation, discrepancy resolution management and reporting to all elements of the revenue lifecycle. "Service providers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. automated and scalable solutions that will help them aggressively protect revenue," said Marco Limena, vice president, Network and Service Provider Solutions, HP. "HP's industry leading Revenue Assurance portfolio of solutions is greatly enhanced with the addition of Certo, Connexn's end-to-end CRA software." HP's comprehensive portfolio of revenue assurance/enhancement solutions is based on HP's strong telecom industry expertise, renowned intellectual property in both software and services, its experience in integration and delivery of business and operations support systems Operations Support Systems (also called Operational Support Systems or OSS) are computer systems used by telecommunications service providers. The term OSS most frequently describes "network systems" dealing with the telecom network itself, supporting processes such (BSS and OSS), a complete offering of consulting and integration services, and strategic partnerships with industry leaders like Connexn. About Connexn Technologies Connexn Technologies leads the industry in technology-based Cost and Revenue Assurance (CRA) with more than 70 customer engagements worldwide. The company's offerings include a blend of software and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. for highly automated, scalable CRA programs. As a driving force in the emergence of CRA as a mission-critical, enterprise-level application, Connexn's Certo platform helps customers automate even more of the CRA process, and manage and integrate disparate programs from a single, easy-to-use interface. Connexn is based in Westminster, Colo., with regional headquarters in the U.S., the U.K. and Singapore. For additional information visit: www.cnnxn.com. |
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