Global Crossing Implements TEOCO's BillTrak Pro(TM) Network Cost Management Solution.
As provider of the world's first integrated global IP-based network, Global Crossing needed a sophisticated solution to provide additional automated controls to its cost of access invoice and auditing process. To best meet these requirements, Global Crossing chose TEOCO and its robust BillTrak Pro(TM) product suite, including TEOCO's DataLoader, BillTrak Pro(TM) Analysis Module, and Rate Management Module. The two companies worked closely together to seamlessly implement the BillTrak Pro(TM) solution, which is already up-and-running at Global Crossing.
"We thoroughly researched telecommunications network cost vendors before ultimately selecting TEOCO due to their telecom knowledge, automation experience and comprehensive and secure product offering," said Rob Klug, chief accounting officer at Global Crossing. "We value the advanced functionality offered by the BillTrak Pro(TM) product suite - including complete electronic load of our invoices, detailed audit and account coding functionality, and sophisticated security and workflow capabilities."
In addition to implementing its BillTrak Pro(TM) solution, TEOCO is utilizing decades of experience to provide auditing services to Global Crossing. The one-time audit of Global Crossing's cost of access invoices is expected to generate enough savings to fund Global Crossing's BillTrak Pro(TM) purchase and to achieve even greater returns as additional credits are recognized over time.
"TEOCO is proud to supply Global Crossing with both our BillTrak Pro(TM) product suite and audit services - an approach that will afford them both significant and sustained cost savings," said John Devolites, Vice President and General Manager of TEOCO's Communications and Entertainment Solutions group. "The business and financial benefits achieved by Global Crossing as a result of their BillTrak Pro(TM) implementation will help them maintain their position as a recognized leader and innovator in the telecom industry."
Founded in 1994 TEOCO (The Employee Owned Company) is a leading provider of strategic business solutions to large and small enterprises. Twice ranked in Inc. Magazine's List of 500 of the fastest growing privately held companies, TEOCO's Communications and Entertainment Solutions group is the premier provider of network cost and revenue management solutions to the communications industry. We combine the strength of our renowned BillTrak Pro(TM) software with in-depth auditing expertise to achieve unrivalled market penetration and industry leadership in the communications space.
TEOCO is widely recognized for its commitment to Principled Entrepreneurship with a particular emphasis on its core values of alignment with employees, clients and community. See more at www.teoco.com.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ:GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities and 30 countries worldwide, and delivers services to more than 600 major cities, 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to more than 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs.
Please visit www.globalcrossing.com for more information about Global Crossing.
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|Date:||Jan 23, 2006|
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