News

FAIRFAX, VA – June 4, 2007 – Razorsight Corporation, a market leader and innovator of on-demand Spend Analytics and Network Cost Management software, today announced the launch of AIM Intelliview for small and growing telecommunications companies. The AIM Intelliview solution combines the key features of Razorsight’s market dominant AIM Capture and Analytics solutions.

AIM Capture is Razorsight's award winning, patent pending technology for capturing line item details from electronic and paper invoices, contracts, purchase orders and other documents. Razorsight's AIM Analytics provides automated auditing, workflow, reporting and dashboards for all network costs.  AIM Intelliview gives smaller telecommunications companies the ability to leverage all data capture features and functions along with automation, workflow and primary reporting functionality for a lower total cost of ownership, while generating savings into the millions.

·      A centralized repository with line item detail visibility into 100 percent of network costs, whether information arrives via paper or electronically

·      Full invoice search capabilities

·      Detailed data capture and analysis from paper and electronic invoices

·      A secured FTP gateway for uploading information, including images

·      The ability to export data to multiple applications in different media formats

·      Consolidation of all costs into one, single database

·      Comprehensive and robust web based reporting and dashboard engine

·      Integrated workflow

·      Customer control over invoice data

 

“There are more than 3,000 small to mid-sized communications companies in North America alone that need the ability to effectively consolidate, manage and understand their network cost management processes, but don’t need the same scale or complex system as our larger telecommunications clients,” stated Razorsight CEO Charlie Thomas. “AIM Intelliview was created to give smaller communications companies (facilities based and virtual network operators) the ability to take advantage of Razorsight’s domain expertise and best of class solutions with a lower investment that still produces significant savings into the millions with near term ROI.”

 

Because AIM Intelliview is an on-demand solution, there is no extensive implementation or integration and no up front capital investment. The highly scalable solution also enables room for growth as network costs grow. AIM Intelliview has a fast ROI of 12 months or less, developed based on Razorsight’s proven track record of saving companies tens of millions of dollars. Companies may try the solution risk-free at www.razorsight.com.

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Razorsight (www.razorsight.com) is the market leader in on-demand business intelligence for finance executives, providing rich spend analytics and automated invoice processing. Razorsight's Software-as-a-Service (SaaS) provides a new level of visibility into corporate expenditures through advanced technology which automates the manual process of receiving, validating and auditing invoices in any format. Razorsight captures detailed data from electronic and paper 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 numerous Fortune 500 companies. The comprehensive Razorsight Knowledge Center provides organizations with access to numerous educational resources including a free webinar series featuring industry experts and customer success stories. Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India.

 

 

Kim Larkin

Larkin Communications for Razorsight

Office: (703) 250-3590, x3406

Mobile: (202) 391-5205

www.larkincomm.com

 

Holly McKee

Larkin Communications for Razorsight

Office: (703) 250-3590, x3591

Mobile: (202) 386-3960