BusinessEdge Solutions and Razorsight Corporation Launch Razorsight Implementation for Major U.S. Communications Carrier

FAIRFAX, VA – November 29, 2006 - Razorsight Corporation, a market leader and innovator of finance process improvement and business intelligence software, today announced that it would deploy its Razorsight's Software-as-a-Service (SaaS) platform at a major U.S. communications carrier in conjunction with  the services from BusinessEdge Solutions, Inc., a NJ Based business and technology consulting firm.  

This collaboration represents the first project for BusinessEdge Solutions and Razorsight under their newly formed alliance. Through this alliance, Razorsight and BusinessEdge Solutions will deliver Razorsight’s Software-as-a-Service (SaaS) platform to Communications, Media and Entertainment companies throughout North America.  The Razorsight Partner Program (RPP) is designed to enable partners to fully leverage their relationship with Razorsight by providing joint marketing and sales opportunities as well as providing access to a comprehensive package of tools, technology, training and support. 

Deployed at numerous Global 2000  firms, Razorsight’s platform offers clients dashboard visibility and customizable reports that provide finance executives with business intelligence tools and data to make more informed business decisions impacting cost, product margin and productivity while greatly facilitating SOX compliance. The BusinessEdge and Razorsight teams bring both the industry and technology experience in their respective areas of expertise to ensure successful deployments.

Razorsight’s AIM software is the market leader in providing on-demand business intelligence for finance executives. Razorsight's Software-as- a-Service (SaaS) provides a new level of visibility into corporate expenditures through our leading, patent-pending technology.

Razorsight frees finance teams from costly, error prone manual processing, removes all paper from the supply chain and automates the receipt, validation and audit of direct cost invoices using a robust analytics engine, while providing executive dashboards for unparalleled cost management. Razorsight's world-class, web-based, AIM (automated invoice management) SaaS offering, is easy to install, highly scalable, requires no capital investment and delivers a near term ROI (usually 6 to 12 months), while enhancing SOX compliance.

The Partnership agreement between Razorsight and BusinessEdge leverages each firm’s core competencies by bringing together advanced technology with visionary business strategy and implementation.

BusinessEdge Solutions places high, strategic value on our alliance relationships. Our business model is founded on the belief that the rapid delivery of today's complex solutions requires a collaborative approach. BusinessEdge Solutions is committed to bringing the right blend of capabilities, both internal and external, to address our clients' unique challenges. It is a fundamental tenet of our corporate culture and a key component of our business strategy that we build strong, collaborative alliances with the world's leading technology providers" states Myles E. Mendelsohn, COO, BusinessEdge Solutions for Communications, Media and Content.

Razorsight CEO Charlie Thomas added, "our partnership with a highly-respected, world class organization like BusinessEdge will expand our presence and success with finance executives in Fortune 500 within the Communications, Media, Entertainment and Content, Financial Services and Life Science industries." 

According to industry analysts from Gartner and Aberdeen, more than 80 percent of all invoices continue to be delivered on paper. By automating the processing of the significant volumes of invoices received by businesses, Razorsight has quickly established a market-leading position with its intelligent data capture and financial analysis platform. Originally developed to automate the data capture and analysis of complex invoices for the nation’s largest telecommunications providers, the company’s software as a service has saved customers billions of dollars, transforming the way businesses manage, process and audit invoices.

About BusinessEdge

BusinessEdge Solutions Inc. drives competitive advantage for its clients by leveraging its vertical domain thought leadership and asset-leveraged consulting enabled by pre-engineered business and technology solution frameworks to reduce the time, cost and risk of delivering breakthrough results. BusinessEdge is distinctive among consulting firms in that its multidisciplinary consultants have an average of 15 years of industry-specific experience and expertise. This strong industry knowledge and technology know-how is at the core of the company’s unwavering commitment to create vision for its clients -- and is the driver behind its delivery of high-impact business solutions. See www.businessedge.com for a more detailed view of the firm’s expertise and a complete listing of all its capabilities and solutions.

About Razorsight

Razorsight (www.razorsight.com) is the market leader in on-demand business intelligence for finance executives. Razorsight's Software as a Service (SaaS) provides a new level of visibility into corporate expenditures through our advanced technology, which automates the manual process of receiving, validating and auditing invoices in any format. Razorsight captures invaluable data from invoices, contracts and other sources of information to provide business intelligence that significantly reduces operating costs and enhances Sarbanes-Oxley compliance. Razorsight's web-based software is easy to install, requires no capital investment, and is highly scalable and proven to save money. Razorsight's solution is installed at several Fortune 500 companies. Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India.

Media & Industry Analyst Contact:

Christopher Ginder
Director of Partner Programs
Razorsight                                              
christopher.ginder@razorsight.com
703-995-5900