SOURCE: Veramark Technologies Inc.

Veramark Technologies Inc.

August 08, 2011 08:00 ET

Veramark Introduces VeraSMART Wireless Call Accounting

All the Benefits of VeraSMART Call Accounting -- for Wireless Communications

ROCHESTER, NY--(Marketwire - Aug 8, 2011) - Veramark Technologies Inc. (OTCQB: VERA), a leading provider of Telecom Expense Management (TEM) solutions, has announced the release of VeraSMART® Wireless Call Accounting software, which significantly increases productivity and is a cost saving tool for managing wireless expenses and usage.

Based on extensive customer research conducted by the company, Veramark developed VeraSMART Wireless Call Accounting to address the most important wireless expense and usage issues, providing capabilities to:

  • Contain and reduce expenses
  • Manage and monitor corporate and employee usage
  • Optimize actual usage and service fees
  • Allocate expenses with cost center chargeback

"With the explosion in the number of smart phones, tablets, air cards, and other wireless devices that are being deployed within organizations today, enterprises are under pressure to control and manage wireless usage and optimize service-to-cost performance," said Kari Bittner, Veramark's Director of Telephony and Communications Products.

"Based on our market research, we became aware that many organizations are manually managing their wireless expenses and are buried in spreadsheets. VeraSMART Wireless Call Accounting now brings that portion of communications expense under management; it provides a streamlined view of wireline and wireless usage and expenses, all within the user-friendly VeraSMART technology that our customers already know and trust."

VeraSMART Wireless Call Accounting can be used as a standalone application or easily added to an existing VeraSMART Call Accounting deployment. As a combined solution, VeraSMART Call Accounting provides a consolidated view of all wireless and wireline usage, along with the ability to charge back expenses -- including wireless device costs -- to the appropriate cost centers based on actual device usage.

Out of the box, VeraSMART Wireless Call Accounting supports major US wireless carriers and offers many time-saving features including:

  • Wireless savings analysis of every invoice -- This new analysis eliminates the time spent manually reviewing wireless usage and device charge data for potential savings. VeraSMART Wireless Call Accounting automatically performs nearly 20 checks on each wireless data import for potential savings opportunities.
  • Wireless expense chargeback without manual spreadsheets -- Set up your organizational structure in VeraSMART and then let VeraSMART do the work of determining which wireless expenses should be charged back to each level of your organization -- from business unit to cost center to individual employee. With five levels of relational hierarchy available and automated expense reports by organization level, VeraSMART saves you those hours or days spent preparing manual spreadsheets for accounting use.
  • Configurable usage and exception reports -- Includes reports to monitor specific types of calls, manage employee productivity, identify abuse and misuse. Reports reflect PBX and wireless activity combined, simplifying the complex and time-consuming task of gaining visibility into telecom activity.
  • Interactive and configurable analytics for instant access to data -- Provides pre-defined and configurable analytics for instant access to data such as longest calls, wireless invoice costs, and usage trends for voice, data, and texting, allowing users to drill down to the details with only one click.

VeraSMART Wireless Call Accounting scales from 100 to 100,000+ devices and is available as a SaaS subscription or on-premise licensing, starting at $1,595. For more information about features and pricing, or a product demonstration, contact Veramark at info@veramark.com or visit us on the Web www.call-accounting-solutions.com. VeraSMART Wireless Call Accounting will begin shipping in September 2011.

About Veramark Technologies, Inc.
Veramark is a leading provider of innovative enterprise solutions for telecom expense management and call accounting. Veramark solutions provide visibility into usage and spend for managing complex unified communications networks. Veramark technology and services help enterprises understand, manage, and control their fixed and mobile telecom assets, costs, and related business processes. For more information, visit www.veramark.com.

Veramark, VeraSMART, and eCAS are registered trademarks of Veramark Technologies, Inc. All other trademarks are the property of their respective owners.

This report may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause actual results to differ from the anticipated results expressed in such forward-looking statements. These may include but are not necessarily limited to changes in general economic conditions in the United States and overseas, technological changes in the telecommunications or computer industries, the timely and successful launch of planned new products, the timely installation and acceptance by end-user customers, and the impact of competition or changes in the marketing strategies of major distributors.

Contact Information

  • Media Contact:
    Denise Chapman
    Vice President of Marketing
    Veramark Technologies, Inc.
    (585) 383-6683
    Email Contact