Cypress Communications Chooses Razorsight’s On-Demand Solution to Automate Network Cost Management and Enable Comprehensive Reporting

AIM Capture and Analytics to Drive Operational Efficiency, Reduce Network Spend and Strengthen Revenue Assurance Processes

FAIRFAX, VA – March 12, 2008 – Razorsight Corporation, a market-leading provider of on-demand financial business intelligence solutions for communications, media and entertainment companies, today announced that the premier provider of hosted VoIP solutions, Cypress Communications, has selected Razorsight to automate its network cost management functions and provide related analytic capabilities.  Razorsight’s solution ensures Cypress will realize the optimal blend of internal staff and systems to achieve the maximum Network Cost Score™ - a unique formula created by Razorsight to benchmark how communications service providers balance the blend of internal staff costs, systems and third-party providers to obtain the lowest possible network costs.  

Cypress delivers cutting-edge hosted VoIP and unified communications solutions to small and mid-sized enterprises and connects more than 65,000 users at over 6,500 locations in commercial office buildings. This complex infrastructure involves numerous technology and billing requirements. With Razorsight’s AIM Capture, Cypress is able to gain 100 percent visibility into network cost details with zero touch -which was previously a lengthy, manual process; the new process is based on systematic workflow from invoice receipt to payment. AIM Analytics enables Cypress to conduct on-demand, automated audits of every dollar spent on the network every month. AIM Analytics also automates the process of generating monthly financial reports, while enabling management to gain 100 percent visibility into spend data.

Razorsight’s unique and powerful AIM Capture solution creates the first ever, 100 percent electronic network cost management process which seamlessly integrates all cost data into a single database for auditing. The zero touch automation frees valuable staff to perform high-yield functions, including network optimization, inventory verification, claims negotiations and settlements.  AIM Analytics is the leading solution in the market today offering a combined approach to network cost automation and business intelligence, while delivering a return on investment in less than 12 months.

“Cypress delivers an array of communications solutions - from traditional voice and data services to the award-winning hosted VoIP and unified communications solution, C4 IP - making it essential for us to have the best systems to manage our internal processes,” said Scott Drake, executive vice president and chief financial officer at Cypress Communications. “Razorsight’s comprehensive solution fully automates our network costing processes and provides insightful analytics that will help increase productivity.”

“Razorsight and Cypress are truly aligned when it comes to innovative solutions driven by flexible and effective Web environments,” stated Charlie Thomas, CEO of Razorsight. “Cypress gives its customers the opportunity to leverage a highly scalable communications system without the typical costly infrastructure that comes with it. Razorsight’s AIM Capture and Analytics will give Cypress an even greater competitive edge.”

About Cypress Communications

Boasting a 20-year legacy and more than 6,500 customers coast-to-coast, Cypress provides Communications as a Service (CaaS) to small- and mid-sized enterprises. CaaS goes beyond traditional hosted VoIP offerings by delivering a fully managed unified communications solution. Comprehensive and flexible, the CaaS solution from Cypress includes integrated voice and data access, desktop phones, soft phones, local and long-distance voice services, voicemail, advanced collaboration tools and remote office functionality. From their computers, users can take advantage of productivity-enhancing applications such as real-time presence, desktop video, unified messaging, chat, file sharing, and Outlook integration. As a Deloitte Fast 50 and Fast 500 award recipient, Cypress Communications is also recognized as one of the fastest growing telecommunication companies in North America. Cypress is headquartered in Atlanta. The company’s Web address is www.cypresscom.net.

About Razorsight 

Razorsight Corporation is the market leader in on-demand financial business intelligence solutions for Communications, Media and Entertainment companies.  Razorsight’s Software-as-a-Service (SaaS) solutions automate payables processes with zero touch by eliminating paper, all manual processes, and providing detailed visibility into carrier cost and revenue data. Razorsight’s solution ensures CSPs will realize the optimal blend of internal staff and systems to achieve the maximum Network Cost Score ™ - a unique formula created by Razorsight to benchmark how Communications Services Providers balance the blend of internal staff costs, systems and third party providers to obtain the lowest possible network costs.

Razorsight has dramatically transformed the way communications companies process, manage and reach optimal performance for cost and revenue management. Razorsight's highly scalable, Web-based software is easy to install, requires no capital investment and has helped clients realize documented savings of over $2 Billion. Razorsight solutions are used by industry leaders such as Verizon, Time Warner and Comcast, as well as by small and medium sized carriers such as Neutral Tandem and Globalcom to capture, audit and analyze more than $50 Billion in annual spend. Razorsight has a marquee client base, a testimony to its innovation and customer focus.

Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India. For more information about Razorsight, visit: www.razorsight.com.

CONTACT:

Razorsight:
Nilanjan Ray
Director, Marketing at Razorsight
nilanjan.ray@razorsight.com
www.razorsight.com 

Cypress Communications:
Heather Whitt
Marketing Communications Manager
hwhitt@cypresscom.net
www.cypresscom.net