Avotus Launches Avotus Capital Solutions |
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Avotus Corp.
110 Matheson Blvd., Suite 300
Mississauga, ON, L5R4G7
Canada
Press release date: September 10, 2007
Company Creates BPO Industry's First Flexible Financing Model
TORONTO and BOSTON, Sept. 10 -- Avotus Corporation, the leading provider of Telecom Expense Management (TEM) and eProcurement solutions, today announced that it has launched the industry's first flexible financing model, enabling companies to defer the start-up cost of rolling out a TEM or other BPO or IT Services solutions, including all start up, professional and managed services, and solution costs.
As part of this innovative solution, Avotus provides qualified customers with a flexible payment plan that is synchronized with the project launch and mapped to the timing of realizing expected savings and process improvements. This allows companies to defer upfront payments until the solution is up and running without incurring high front end costs or making double payments during a transition from a previous vendor to Avotus. While not all deals or customers will be eligible for this program, Avotus believes that it will offer a creative solution to a prevalent problem in TEM.
Richard S. Garnick, Avotus' Executive Chairman and CEO commented: "We are excited to begin offering a flexible payment plan for companies seeking to implement a TEM solution. In order to realize the maximum ROI from any TEM solution it is vital to deploy the appropriate resources upfront. This product gives companies the financial flexibility to establish the necessary TEM infrastructure and deploy the level of service that will generate the maximum ROI over the long-term, while minimizing and even in some cases eliminating the upfront investment."
"Most companies eschew upfront due diligence and inventory characterization to save on nonrecurring integration charges, which we believe to be a short-sighted approach to implementing a TEM solution," said Eric Goodness, Research Vice President, Gartner. "Moreover, many companies find that when a service is deployed without an audited inventory, it is often difficult to get it right. Companies should plan to invest fully in the correct level of professional services, to identify past overcharges, reconcile current inventories against standing contracts, and establish a central database that all management activities can draw from. We estimate that upfront investments for historical audits and inventory and contract reconciliation will result in at least a 400% return on investment over the life of the contract."
About Avotus Corporation Avotus is changing the way companies source, procure, and manage their communications services and assets. Combining technology, automation, and domain expertise, Avotus is redefining industry best practices. Avotus solutions eliminate the wasted time and hassle usually associated with contracting for new communications services and products, and renegotiating existing or expiring agreements. Automated invoice processing, ordering and inventory management, comprehensive spend management and reporting enable Avotus customers to realize significant spend reduction and achieve ongoing visibility, cost containment, policy adherence, and process improvements without operational overhead or capital investment.
Avotus has a 20-year history of empowering companies of all sizes to gain lasting control over their complete worldwide communications environment through the effective management of their voice, mobile and wireless, data and converged communications spend. For more information, visit http://www.avotus.com/.
Source: Avotus Corporation
Web site: http://www.avotus.com/
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