Press Release

Global Organizations Benefit
from New International Capabilities
in MBG Telecom Expense Management Solution

New York, NY, May 12, 2009 - As global organizations examine their cost structures and attempt to proactively manage their expenses, international telecommunications budgets are increasingly coming under close scrutiny. Finance executives are looking to get a global view of their organizations, centralize their expense management programs, and provide more accurate budgets and forecasts.

"Voice Report readers are increasingly concerned about international telecom expenses – especially the complications that arise when managing costs across different countries, languages and currencies – so much so that the topic will be addressed in several sessions at our upcoming National Summit on TEM,” says Jessica Gdowski, Voice Report managing editor.

MBG Expense Management, a leading telecom expense management (TEM) provider for Global 2000 companies, has enhanced its international capabilities related to the processing of global invoices, allowing for better foreign currency bill analysis and flexible payment features. Additional enhancements incorporate built-in Telecom Intelligence that automates address verification to avoid late payments or service termination.

New international features include:

Enhancing the functionality necessary to process and pay incoming invoices in their local currency while still providing centralized reporting in U.S. dollars, allowing users to centralize the administration of their global accounts;
The ability to add any local telecommunications vendor with local currency support. International currencies and exchange rates are kept current allowing end users to view local billing data or convert into another currency for regional reporting needs;
The ability to perform invoice variance analysis in local currency, thus eliminating exchange rate fluctuations and increasing precision of reporting;
Ability to generate payment recommendations to any enterprise resource planning (ERP) or transactional system in local currencies.

"As interest in globalizing telecom expense management continues to grow, it is important that TEM platforms facilitate the ability to analyze international invoices in far greater detail,” says Reginald Johnson, chief operating officer for MBG. “MBG provides the flexibility to add any local vendor from any country with local currency, and provide a detailed view of billing data in a centralized repository while retaining the ability to work with the information locally.”

Telecom Intelligence Helps Executives Proactively Manage Invoices and Budgets

Another key differentiator in MBG’s platform is built-in Telecom Intelligence. By leveraging the automation of benchmark data to verify bill payment addresses, MBG can validate and reduce the turn around time for processing invoices and further help eliminate late payment fees and service terminations. The MBG platform currently provides automated invoice and inventory validation that identifies billing errors, facilitating the creation of itemized disputes that are sent to carriers.

MBG is holding an online seminar on June 4, 2009, specifically designed to help educate global finance executives about the challenges of global telecom expense management. RSVP now at http://www.mbg-inc.com/news_webcasts.php.

Visit the MBG booth at Voice Report’s 5th Annual Summit on Telecom Expense Management in Washington, D.C., at the Renaissance Hotel, June 7-9 in order to receive the company’s “Five Habits of a Recession Proof Telecom Department” white paper.

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Press Release

Global Organizations Benefit from New International Capabilities in MBG Telecom Expense Management Solution

Global Organizations Benefit
from New International Capabilities
in MBG Telecom Expense Management Solution