News

FAIRFAX, VA – December 5, 2006 – Razorsight Corporation, a market leader and innovator of financial business intelligence software, today announced it has been selected by Global Crossing to fully automate its processing and workflow dealing with paper-based invoices for its North American Operations’ vendors. Razorsight's Automated Invoice Management (AIM) Capture transforms paper or other unstructured forms of invoices into a rich, standardized electronic output, which enables much more robust analytics, auditing and reporting capabilities while bringing all cost data into a single, homogenous database. Razorsight’s AIM Capture is the market-leading solution that extracts detail from paper and manual invoices, empowering customers to unlock additional savings. With AIM Capture, Global Crossing can gain additional operational efficiencies.

 

Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities in 29 countries worldwide, and delivers services to more than 600 cities in 60 countries and 6 continents. The company's global sales and support model matches the network footprint, and delivers a consistent customer experience worldwide.

Global Crossing IP services link the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, thereby facilitating the growth of on-demand, Web-based and e-commerce applications. The company offers a full range of managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Solutions and Global Crossing VoIP services. Global Crossing counts over 36 percent of the Fortune 500 as its customers in addition to more than 700 carriers, mobile operators and ISPs.

“After an extensive evaluation of the alternatives, it was clear that Razorsight’s platform is an innovative and complete solution,” said Peter Juroe, Global Crossing’s vice president of finance.

 

"AIM Capture automates the manual processing of invoices received in any format - paper, PDF, print files or fax - and transforms this into valuable data, thereby providing vastly enhanced visibility and analytics capabilities. As a result, leading communications and entertainment providers can make better decisions while improving SOX compliance," said Razorsight CEO Charlie Thomas.

 

"AIM Capture is the only solution that delivers an ROI in under a year. We have saved our customers billions of dollars and transformed the way they manage, process and audit their direct costs," added Thomas.

 

 

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, 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.