Press Release
MBG Proves Innovative Technology is Key to Telecom Expense Management (TEM) Profitability
MBG Clients Continue to Experience Strong Levels of Satisfaction and Achieve Significant Telecom Cost Savings
NEW YORK – MARCH 15, 2007 – MBG Expense Management LLC , a leading provider of telecom expense management (TEM) solutions, has announced strong year on year growth and continues its track of profitability into 2007. In the fourth quarter of 2006, MBG grew 24% in net revenue compared to the same period the previous year, through a three-fold increase in new clients along with expanding services to a number of existing clients. Unlike other venture-funded TEM companies, MBG has consistently sustained a profitable services delivery model, built upon a scalable technology platform, to process electronic billing data and invoices.
"Our strategy has always been to develop a customer-oriented services team, combined with our vast expertise in processing electronic data with leading technology, to enable clients to obtain a complete view of their telecom and IT expenses,” says Michael B. Greenspan, CEO and founder of MBG Expense Management. “Organizations considering a new TEM initiative should be sensitive to the short term revenue focus of some TEM vendors, and be concerned that the company you buy from today may not have the same investors, management, and customer service philosophy in 12-18 months. MBG has proven that it comes down to fundamental expertise in processing electronic data efficiently and accurately, with a customer service mindset, to successfully support the complete procure-to-pay telecom lifecycle,” adds Greenspan.
MBG is the first and only company in the telecom expense management (TEM) industry to offer a 60 day free proof of concept trial for companies looking at telecom expense management solutions. This trial allows qualified organizations to avoid inefficient requests for proposals (RFPs) and have their billing data loaded directly into the MBG system to see the value of a TEM solution. “The proof lies in viewing your data on a functionally rich TEM platform,” adds Greenspan. “Based on our experience, when organizations are able to see their billing data transformed into relevant information, they see the value instantly.”
This past fall MBG also received a “Positive” rating in the Gartner’s MarketScope for Telecom Expense Management, 2H06 that cited MBG’s strong customer satisfaction and dispute management capabilities. For over 15 years, MBG has provided telecom expense management solutions to some of the largest multi-national organizations and Fortune 500 companies.
