Financial Business Intelligence Products to Drive Operational Efficiency and Reduce Network Spend
FAIRFAX, Va., Jan. 6, 2009 — Razorsight Corporation, the market-leading provider of on-demand financial business intelligence solutions for communications, media and entertainment companies, today announced that NTS Communications, a premier provider of triple-play services, has selected Razorsight to automate its network cost management functions and provide related analytic capabilities. Razorsight's solution ensures NTS will realize the optimal blend of internal staff and systems to achieve the maximum Network Cost Score(TM) – a unique formula created by Razorsight to benchmark how communications service providers balance the blend of internal staff costs, systems and third-party providers to obtain the lowest possible network costs.
Serving residential and business customers in Texas, Oklahoma, Kansas, New Mexico, Nevada, Colorado and Arizona, NTS delivers cutting-edge voice, video and data services through their powerful Fiber To The Premise (FTTP) network, and differentiates itself through providing outstanding customer service. In 2008, NTS Communications was acquired by Xfone, and as integration activities began, it became clear that legacy cost management solutions being used by the companies could not accurately manage their combined assets. With Razorsight's AIM solution, NTS Communications is able to gain 100 percent visibility into network cost details with zero touch. This was previously a lengthy, manual process; the new process is based on systematic workflow from invoice receipt to payment. AIM Analytics enables NTS to conduct on-demand, automated audits of every dollar spent on the network every month. AIM Analytics also automates the process of generating monthly financial reports.
Razorsight's unique and powerful AIM Capture solution creates the first-ever 100-percent electronic network cost management process which seamlessly integrates all cost data into a single database for auditing. The zero touch automation frees valuable staff to perform high-yield functions, including network optimization, inventory verification, claims negotiations and settlements. AIM Analytics is the leading solution in the market today offering a combined approach to network cost automation and business intelligence, while delivering a return on investment in less than 12 months.
"NTS Communications delivers an array of communications solutions making it essential for us to have the best systems to manage our internal processes through automation and flexibility," said Brad Worthington, COO at NTS Communications. "After an extensive evaluation of other solutions, we selected Razorsight's web-based AIM solution because it provides the best capabilities not only today, but to scale to take on the growth in business we expect to achieve," added Brad.
"Razorsight is pleased to add NTS Communications to our growing list of customers," stated Charlie Thomas, CEO of Razorsight. "Razorsight's AIM Capture and Analytics will give NTS Communications a greater competitive edge through lowering operational costs, and dashboards and reports that will provide management with a better understanding of their cost structure to make more informed business decisions as their network grows."
About NTS Communications
NTS Communications, a wholly owned subsidiary of Xfone, Inc., provides integrated voice, data and video solutions. Headquartered in Lubbock, Texas, NTS operates the largest "non-ILEC" telecommunications network in West Texas and has developed a Fiber-to-the-premise (FTTP) platform enabling the company to provide a voice, video and data "triple play" offering to customers. NTS is dedicated to providing superior customer care and high-quality products and services. Founded in 1981 as a West Texas reseller of long distance services, the company now serves retail customers in Texas, Oklahoma, Kansas, New Mexico, Nevada, Colorado and Arizona.
About Razorsight
Razorsight Corporation is the market leader in on-demand financial business intelligence solutions for Communications, Media and Entertainment companies. Razorsight's Software-as-a-Service (SaaS) solutions automate payables processes with zero touch by eliminating paper, all manual processes, and providing detailed visibility into carrier cost and revenue data.
Razorsight has dramatically transformed the way communications companies process, manage and reach optimal performance for cost and revenue management. Razorsight's highly scalable, Web-based software is easy to install, requires no capital investment and has helped clients realize documented savings of over $2 Billion. Razorsight solutions are used by industry leaders such as Verizon, Time Warner and Comcast, as well as by small- and medium-sized carriers such as Neutral Tandem and Globalcom to capture, audit and analyze more than $50 Billion in annual spend.
Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India. For more information about Razorsight, visit: http://www.razorsight.com
CONTACT:
Razorsight:
Michael Bunyard
VP, Marketing at Razorsight
Email
http://www.razorsight.com
214.475.1534
NTS Communications:
Kecia Nix
Email
http://www.ntscom.com
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