Avotus e-Procurement Changes the Way Companies Buy Communications
5 December 2005
Avotus Corporation, the leading provider of communications expense management (TEM) and e-Procurement solutions, today announced that Avotus ICM e-Procurement™ has conducted WebAuction™ online reverse auctions for equipment and services totaling over $183 million in the last 12 months.
The Avotus e-Procurement solution delivers significant savings, with the greatest savings returned for newer technologies. The results, based on an analysis of completed automated online procurements, include:
• 55.6% savings on wireless -- Cellular, pagers and personal data assistant (PDA) equipment and services
• 71% savings on access – Internet Protocol (IP) transport, internal access (local and wide area networks --LAN & WAN) and synchronous optical networks (SONET)
• 78% savings on Web services – Hosting, Web content delivery, co-location and conferencing
Results from recent automated online procurements will save customers a combined total of over $10,000,000 on their telecom and data communications spend over their typical three-year contract period.
“There is no other e-procurement process for data and telecommunications services that delivers these kinds of results,” stated Alan Gold, Avotus chief marketing officer. “Avotus’ e-Procurement solution wrings months out of the telecommunications purchasing cycle, delivers savings that managers only dream about, and changes the entire dynamic of the procurement process by putting customers back in control. We are definitely changing the way companies buy communications services.”
Avotus substantially reduces procurement process time and associated costs. Its online, automated RFP process eliminates cumbersome and costly paper-based processes. Based on the typical results, the average completion time for an automated procurement was five weeks. Since the procurement process is shortened, companies start benefiting from the lower rates months sooner than with a traditional process.
In addition, since Avotus WebAuction is specifically designed for telecommunications and data communications procurement, it takes advantage of a dynamic, custom knowledge base that reflects the most current market rates based on recent auctions. Unique terms and conditions are dynamically tracked, evaluated and negotiated during the online auctions. Then, a redlined draft contract is produced which becomes the basis for the actual final contract.
Avotus e-Procurement programs have supported companies in the energy, finance, hospitality, insurance, manufacturing, retailing,technolog y and transportation industries. In some instances, companies changed carriers; in others, companies remained with their incumbent carriers but received significantly reduced rates and more favorable terms.
About Avotus
Avotus is the leader for groundbreaking technology-based telecommunications and data expense management (TEM) solutions. The company 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 landline, wireless, data and converged communications spend. Only Avotus brings together e-Procurement, Expense, and Usage management into a fully integrated solution. Avotus provides dramatic and verifiable cost savings of as much as 50% of an enterprise’s current communications spend and a triple digit in-year ROI. Combiningtechnolog y, automation, communications experts, and industry best practices, Avotus solutions make it possible to not only realize significant spend reduction but to continuously verify and permanently implement all cost and process improvements. Avotus offers the widest, deepest and most flexible solution set available including an onsite enterprise implementation, a hosted Web service, and a completely outsourced value-added managed solution.
For more information about Avotus communications management solutions, customers, and partners, visit www.avotus.com.
Avotus Corporation is a registered trademark, and Avotus Intelligent Communications Management, Avotus ICM e-Procurement and WebAuction are trademarks of Avotus Corporation. All other trademarks are the property of their respective owners.
Editors – For further information:
Jo Martell
Avotus Corporation
1 Van De Graaff Dr.
Burlington, MA 01803
781-238-4455 Ext 222
Sandy McLaughlin
Soucy Communications Group
162 Great Rd.
Acton, MA 01720
978-266-1700
Source: PR Web
All trademarks and copyrighted information contained herein are the property of their respective owners.
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