TORONTO and BOSTON â Feb. 7, 2006 â Avotus Corporation, the leading provider of communications expense management and e-Procurement solutions, today reported that it has saved a Fortune 500 property & casualty insurance company approximately $12 million in voice telecommunications expenses through the use of its Avotus e-Procurement solution and related telecom procurement services and expertise. The e-Procurement process reduced the insurance companyâs costs for voice services by 47 percent and significantly lowered its Minimum Annual Revenue Commitment (MARC) for the balance of the contract.
âMany companies are recognizing that telecommunications is a specialized service that requires expert e-Procurement solutions,â said Alan Gold, Avotus chief marketing officer. âItâs not just about price. This insurance company, like many other large organizations, had a multi-year contract that, due to rapidly changing market conditions, had become onerous and expensive. By applying our Avotus WebAuctionâ¢ technology and e-Procurement solutions, along with our expertise and comprehensive knowledge base of best practice terms and conditions, we were able to help our client renegotiate to get a tremendously more beneficial contract with the incumbent supplier. This could not have been accomplished by consultants alone.â
Avotus is the only proven provider of e-Procurement services and online Web auctions for data and telecommunications services, including wireless, Internet telephony and landline services. Unlike generic e-procurement services such as Ariba, Avotus uses advanced technology and unmatched domain expertise specifically developed to optimize the return on complex communications procurement pricing, terms & conditions. As a recognized leader in the complex telecommunications expense management market, Avotus also offers the option of incorporating procurement results â terms & conditions, service level agreements, inventory, etc. â into a comprehensive telecommunications expense management (TEM) process. Avotus Intelligent Communications Managementâ¢ ensures that negotiated pricing and terms are implemented and tracked over the life of the contract.