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First Communications Chooses Razorsight to Automate Financial Operations in Support of Continued Growth
On-Demand Auditing and Business Intelligence Products to Drive Operational Efficiency and Reduce Network Spend
FAIRFAX, VA — February 23, 2009 — Razorsight Corporation, the market-leading provider of on-demand financial business intelligence and analytics solutions for Communications Service Providers today announced that First Communications, a premier competitive local exchange carrier, has selected Razorsight to automate margin and network cost management for its rapidly growing customer base and network. Razorsight's AIM Analytics platform will also provide related financial reporting and analytic capabilities. Razorsight's solution ensures First Communications will realize the optimal 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.
With the recently completed acquisition of GlobalCom, First Communications has built a highly scalable telecommunications platform, infrastructure and support system which services over 200,000 customers combined with over 3,800 miles of fiber and 327 wireless towers.
As a result of its rapid growth, First Communications decided that increased automation and visibility in its network cost and margin management would become essential as the company continues its expansion. With Razorsight's AIM Analytics solution, First Communications will gain increased visibility into network cost details while driving towards a completely integrated cost management solution. AIM Analytics provides First Communications with web-based, on-demand access to automated audits of every dollar spent on the network every month. AIM Analytics also automates the process of generating monthly financial reports.
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. "First Communications delivers a broad portfolio of advanced services to businesses and consumers differentiated by superior customer care. Therefore it's essential that we deploy the highest level of automation in our back office wherever possible in order to focus our capital and staff primarily on our customers," said Rick Buyens, President of First Communications. "After a careful analysis of available solutions, we selected Razorsight's web-based AIM solution because it provides an impressive, web-based solution that will easily scale in support of the growth in business we expect to achieve", added Rick. "Razorsight is excited about adding First Communications to our prestigious list of customers," stated Charlie Thomas, CEO of Razorsight. "Razorsight's AIM Capture and Analytics will further enhance First Communications' competitive edge by reducing operational costs and providing management with on-demand insight into its network cost structure to make more informed business decisions as their network grows."
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About First Communications
First Communications is a leading competitive local exchange carrier in the Midwestern United States. Founded in 1998, First Communications has built a highly scalable telecommunications platform, infrastructure and support system, which represents a combination of world-class technology, and cutting-edge product offerings. First Communications has over 200,000 customers, owns 3,800 miles of fiber and owns and manages 327 wireless towers leased to 391 tenants, with contractual rights and significant opportunity to increase the number of towers. First Communications is led by a strong management team that has operated telecom companies throughout all cycles of the telecommunications market.
About Razorsight
Razorsight Corporation is the market leader in on-demand financial business intelligence and analytics solutions for Communications Services Providers. Razorsight's Software-as-a-Service (SaaS) automates workflow from invoice receipt to payment with zero touch by eliminating paper and arduous manual processes, while providing detailed visibility into carrier cost and revenue data.
Razorsight has transformed the way communications companies reach optimal performance for cost and margin management. Razorsight's highly scalable, web-based software is easy to install, requires no capital investment, and has helped customers realize millions of dollars in cost savings. Razorsight solutions are used by industry leaders such as Verizon, Telus, IBM and AT&T, as well as by small and medium-sized carriers such as Neutral Tandem and NTS Communications to capture, audit and analyze more than $50 billion in annual telecommunications expenditures. 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:
Michael Bunyard
VP, Marketing at Razorsight
michael.bunyard@razorsight.com
www.razorsight.com
214.475.1534