Summarises the data collected by using analytic dashboards, charts and graphs
Telecom expense management (TEM) software and services provider Veramark Technologies has unveiled VeraSMART Performance Advisor, a business intelligence system for analysing telecom expenses and generating information that can help reduce costs and improve productivity.
According to Veramark, the new BI suite facilitates TEM cost-saving initiatives by providing multiple ways to analyse expense data collected and managed by VeraSMART Communications Management Suite. The new system also summarises the data collected by using analytic dashboards, charts and graphs.
Veramark said that the new suite enables businesses to gain visibility into their communications networks and reduce expenses associated with their voice, data and wireless services.
The company also said that the new VeraSMART suite provides information relating to telecom and IT expenses including costs associated with managing assets, work orders, wireline and wireless usage and service provider invoices. It also provides businesses with the TEM-enabling technology to control costs.
Matthew Lennarz, director of product management at Veramark, said: VeraSMART Performance Advisor provides businesses with a lens into cost optimisation, allowing them to analyse operational, financial and performance data enterprise-wide. This initial release of VeraSMART Performance Advisor focuses on expense optimisation.
“Future releases will provide similar capabilities for analysing inventory, labour and usage associated with all telecom and IT spend which currently represents 4% to 8% of revenue for most organisations.