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Telesoft Helps Companies Comply with Sarbanes-Oxley
Published: Tue, 30 Jan 2007, 14:30:00 EDT
PHOENIX, Ariz. - Jan. 30 (SEND2PRESS NEWSWIRE) -- Telesoft Corporation, the leading provider of Expense Management Solutions for enterprise, has announced a new release with TeleSOX features specifically designed to aid companies in meeting Sarbanes-Oxley reporting requirements. In order to accomplish this task, TeleSOX offers a method to aggregate, monitor and analyze telecommunications data in order to correctly report expenses.
According to industry analysts, about 9% of telecommunications charges on average are overpaid. In most cases, telecom expenditures are among the top five expenses for companies and are also one of the least controlled. Given this statistic, it is imperative that companies take steps to implement internal controls in order to manage unwanted charges and avoid a problem with a company's accounts payable system.
Thierry Zerbib, Telesoft Corporation's CEO stated that, "given the difficulty and the high costs involved to comply with Sarbanes-Oxley, the importance of putting a system in place to keep track of a large expense such as telecommunications is important. Without a system to account for telecom expenses, decision-makers are often approving payments for large expenditures with little documentation to determine whether they are valid and/or accurate."
"Telesoft offers TeleSOX to accurately account for telecom expenses in order to meet strict Sarbanes-Oxley requirements. In addition to complying with accounting requirements such as Sarbanes-Oxley, we offer services to eliminate various unneeded costs within telecommunications that can improve a company's overall bottom-line," said Zerbib.
Telesoft's TeleSOX compliance features can be acquired to be managed within an enterprise as a licensed solution, or as an outsourced option with Telesoft handling the labor and month-to-month management of enterprise expenses.
In addition to TeleSOX, Telesoft offers numerous products to manage Telecom and IT expenses more effectively reducing overall spend. "Companies are really doing a disservice to themselves by not implementing some type of telecom expense-management (TEM) system. Through Telesoft solutions, whether it be Inventory Processing, Wireless Management, Call accounting, or Asset management, companies can do some incredible things that at the end of the day improves their bottom line," stated Zerbib.
About Telesoft
As a leading provider of powerful Telecom Cost Management solutions, Telesoft Corp. has been serving large organizations for over 25 years. Telesoft offers telecommunication expense management software to Fortune 1000, government, and universities as well as large private enterprises. The solutions allow companies to reduce telecom expenses by approximately 15% in the first year and about 9% every year thereafter. Solutions include Invoice Processing, Call accounting, Asset Management, Vendor Provisioning, eBonding, and Wireless device plan management.
Telesoft's award-winning products and services have revolutionized the way companies do business in today's marketplace. With trusted customers such as 3M, Goodrich, Freightliner and 7-Eleven, Telesoft Corp. is poised to continue this history of leadership with innovative offerings that expand to accommodate the changing needs of today's growing businesses.
For more information on what Telesoft, please visit www.telesoft.com.
All trademarks acknowledged.
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NEWS SOURCE: Telesoft Corporation
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REFERENCES: Telesoft Helps Companies Comply with Sarbanes-Oxley, Telesoft Corporation, TeleSOX, OLO, Jan 30, 2007.
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