Razorsight Provides Cost Management and Spend Analytics Automation for Windstream
On-Demand Solution Provides Robust Reporting through Next Generation Software
FAIRFAX, VA — June 28, 2007 — Razorsight Corporation, a market leader and innovator of on-demand Spend Analytics and Payables Automation software, today announced it has been selected by Windstream (NYSE: WIN) to fully automate its spend management and analytics functions. With Razorsight's AIM Analytics, Windstream will gain a fully automated network cost management solution to support its expanding communications and entertainment business including voice, broadband and video services for consumers and businesses. AIM is the leading solution in the market today offering automation, business workflow, and analytics for a company's management of costs, while delivering a return on investment in less than 12 months.
Windstream, a publicly traded communications provider, has approximately 3.2 million access lines in 16 states, employing 8,000 communications personnel. Razorsight's AIM on-demand software platform will provide Windstream with 100 percent visibility and automated management of its network cost.
"Windstream is experiencing growth in its broadband subscribers and this places additional workloads on finance managers and audit staff," said Razorsight CEO Charlie Thomas. "AIM is perfectly aligned to help Windstream fully capitalize on its expansion through our next generation cost management platform that delivers unbeatable ROI. We're excited about our partnership with Windstream and the deployment of our best of class solution."
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About Windstream
Windstream Corporation provides voice, broadband and entertainment services to customers in 16 states. The company has approximately 3.2 million access lines and about $3.2 billion in annual revenues. For more information, visit www.windstream.com.
About Razorsight
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 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.
CONTACTS:
Kim Larkin
Larkin Communications for Razorsight
Office: (703) 250-3590, x3406
Mobile: (202) 391-5205
klarkin@larkincomm.com
www.larkincomm.com
Holly McKee
Larkin Communications for Razorsight
Office: (703) 250-3590, x3591
Mobile: (202) 386-3960
hmckee@larkincomm.com
www.larkincomm.com
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