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The automated comparison of invoice details against carrier contracts ensures that errors and oversights come to the surface immediately.

iTEMize Automates the Allocation of Telecom Expenses to Save Time and Eliminate Errors

Reston, Virginia – October 30, 2009 – When Telco Bill shows up at the office, a key member of Team iTEMize springs into action, adding yet another dimension to “The mis-Adventures of Telco Bill.” Al O’Cate automatically distributes both wireline and wireless expenses throughout an organization, while presenting the results in a more digestible form.

Using an organization’s pre-defined allocation percentages, Al O’Cate combs through the details of Telco Bill and assigns the charges to appropriate cost centers. This automated process eliminates the tedious, time-consuming and error-prone chore of manually distributing these charges each month, while freeing staff for other priorities.

“Currently, a paper invoice ends up on someone’s desk every month and a separate set of data must be fished out of a file to determine how the costs get split-up,” said Peter Callowhill, co-founder and CEO of iTEMize Technologies.

“After going through the bills and using a calculator to add up the costs for each department and sub-unit, then applying the percentages, the results go to the Accounting Department, where further manual manipulation occurs,” noted Mr. Callowhill.

With iTEMize 3.0, the company’s innovative Telecom Expense Management (TEM) software, organizations can automate the distribution of costs in numerous ways and to any level of granularity, all the way down to each location, business unit, cell phone or project code – even by line or service.

Callowhill noted that the customer decides how costs will be distributed, and changes can be made at any time. This information is loaded into the iTEMize application where it is applied automatically to the monthly invoice. An Allocation Report is generated for Accounting (or for other executive uses), further eliminating manual processes.

“The allocation capabilities of iTEMize can be one of the most important tools for managing costs,” Callowhill said. “It is fast, error free, and provides easily digestible insight into the total telecom spend.”

Allocate (v) − to assign a cost or expense to a particular group or activity.

Mobility (n) − moving from place to place, while retaining the ability to fulfill the mission.

benchMARK (n) − a point of reference against which something is measured.

Surcharge (n) − a fee added to the usual cost of a service without prior approval.

Analyze (v) − to evaluate the condition of an accounting-related item and possible reasons for discrepancies.

Mistake (n) − an error or blunder.

Validate (v) − to assure the certainty or validity of; to establish as true.

Anomaly (n) − a deviation from the norm; something strange, unusual, or unique.


About iTEMize Technologies, Inc.

iTEMize Technologies assists clients and partners nationwide in achieving direct cost savings, improved management and full visibility through online telecom expense management solutions applied to their fixed and mobile telecom services. For additional information about iTEMize 3.0 and to view the entire cartoon series, “The mis-Adventures of Telco Bill,” please visit:

www.itemizetech.com

For further information please contact:

James Larsen
703.742.3688
James@itemizetech.com

 

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