Press Release
MBG "Less is More" Approach to Managing Multinational Telecommunications Delivers Rapid and Lasting Results
Provides Proven Process for Jumpstarting Telemanagement Initiatives
New York, NY, January 27, 2005 - Large multinational companies seeking to improve management of their telecommunications expenses but deterred by the complexity and cost involved can now jumpstart those efforts working with MBG, a leading telemanagement solutions provider. MBG's Top Ten Vendor Analysis service enables multinational companies to gain a complete view of their telecommunications spending among their top ten vendors, thereby achieving 80 percent of the benefits of a full telemanagement program, at only 10 percent of the cost.
Large multinational companies typically deal with hundreds of carriers that generate thousands of invoices each month. With easier access to telecommunications data that summarizes their top ten vendors' invoices, companies are able to quickly address both strategic and expense-reduction initiatives. Examples include the ability to negotiate better rates, gauge when and where to implement more cost-effective technologies (such as VoIP and Wi-Fi), identify unnecessary use of high cost services, and ensure that services are distributed appropriately among different vendors.
Industry analysts estimate that companies can achieve a 15% percent savings in telecommunications costs by using telecommunications expense management solutions. Due to the sheer size of multinational organizations, this new service, which utilizes the Invoice Processing module from MBG's Telemanagement Suite, is aimed at providing a starting point of manageable size and quick return-on-investment. While designed for multinational companies, any company with telecommunications spending in excess of $1 million on a monthly basis can benefit from this new service.
"Multinationals can achieve significant strategic and financial benefits through the analysis of worldwide telecommunications spending with their top ten vendors," says Richard Simons, COO of MBG. "It provides a total view of what they are spending across their entire organization. With that information, they can make intelligent decisions about when and where to implement new technologies such as VoIP and WiFi to improve operations and reduce overall communication costs. They can also understand what they are paying, comparing similar services at different locations, and thus negotiate better rates."
"This new service was developed based on our experience working with large multinational companies, using our core expertise in dealing with telecom data, regardless of the format in which it is delivered. We have the unique ability to normalize data from any carrier, providing these organizations with a complete picture of what they are spending on any type of service, independent of the vendor. With this centralized view of their telecommunications spending," Simons concludes, "they not only save money but can strategically manage this important corporate function."
About MBG
MBG (www.mbg-inc.com) is a leading Application Service Provider (ASP) that develops Web-based telecommunication and IT management solutions for Fortune 500 companies. Founded in 1990, MBG's solutions are focused on giving large organizations the ability to manage, monitor, and order all of their telecommunications and IT services through a secure, centralized hub. MBG's core solutions include corporate chargeback, invoice presentation, IT inventory, and provisioning solutions, which combine to provide a complete end-to-end solution for our clients. Headquartered in New York, today MBG serves some of the largest multi-national corporations, processing more that $2 billion worth of telecommunications and IT charges.
Press Contacts
Joe Gavaghan
Executive Communications
(617) 283-4936
joe.gavaghan@mbg-inc.com
