SOURCE: Visicom Corp

October 21, 2008 11:26 ET

Visicom Combines Supplier Diversity With Cost Reduction

TEM Solutions Provider Offers Dual Benefits in a Tough Economy www.visicomcorp.com

MADISON, WI--(Marketwire - October 21, 2008) - In a marketplace that calls for increasing emphasis on two key business practices -- utilizing diverse suppliers and realizing costs savings -- Visicom effectively offers both. A provider of Telecom Expense Management (TEM) solutions since 1991, Visicom Corporation is a certified woman-owned business with a proven track record of reducing Telecom costs by 20-60% for its clients.

Founded by President and CEO Nancy Peckham, Visicom is certified by The National Women Business Owners Corporation (NWBOC), the nation's first third-party Woman's Business Enterprise (WBE) certifiers and is also a certified WBE of the Women's Business Enterprise National Council (WBENC), the leading third-party certifier of businesses owned and operated by women. Certification serves an integral role in helping clients meet their supplier diversity requirements.

"Companies with supplier diversity requirements have to meet certain guidelines outlining the minimum amount of business contracts that are awarded to minority- and women-owned businesses," explained Peckham. "Visicom is perfectly positioned to help them achieve that."

Peckham believes there are significant benefits to working with diverse suppliers, not just for the companies and the communities they serve, but also for the shareholders. "Fostering the opportunity to work with a woman-owned business promotes economic development and is one more way we're providing value in our industry and the marketplace in general," said Peckham.

And, at a time when organizations are paying closer attention than ever to their bottom line, Peckham is confident that Visicom's ability to reduce costs for its clients carries added weight.

One example of how Visicom is helping to satisfy companies' diversity requirements while garnering significant savings occurred recently. Engaged by a new client to perform wireless expense management services, Visicom reviewed the client's wireless accounts and invoices during the initial phase of the engagement to give visibility into possible costs savings. The initial review led to recommendations that will result in an overall annual savings of 22% on a spend in excess of $5 million. Areas of savings included 13% in Optimization (fine tuning shared minute, or pooled, plans), 7% in Audit (establish inventory, billing review, subscribed services, etc.) and 2% in Creative Solutions to solve common problems. This client also had significant supplier diversity goals, which were met as a result of engaging Visicom.

"We're excited to be able to serve these corporate enterprises and assist them with their supplier diversity initiatives and their efforts at cost reduction, especially during these tight economic times," said Peckham.

For more information on how Visicom can help your organization meet its supplier diversity requirements and achieve cost reductions, visit www.visicomcorp.com or call 800-467-7226.

About Visicom

Since 1991, Visicom has helped enterprise clients across the U.S. improve their financial and operational performance by providing visibility and control over their telecommunications expenses. As a provider of Telecom Expense Management (TEM) solutions, Visicom offers a comprehensive portfolio of expense and spend management solutions tailored to the unique needs and situations of each client. Visicom provides completely outsourced services, or works in collaboration with existing client teams and functions.

With more than 17 years of industry experience, Visicom has a proven track record of helping its clients realize a 20-60% improvement in their telecom spend performance. In addition to being a certified woman-owned business, they are also an independent TEM provider. This means they are not motivated by financial incentives from telecom carriers and work solely in the best interest of their clients. For more information, visit www.visicomcorp.com or call 800-467-7226.

About National Women Business Owners Corporation

The National Women Business Owners Corporation, founded in 1995, was the first national certifier of women business enterprises. It began as a special interest group of the National Association of Women Business Owners and later became a separate non-profit 501c3. Over 700 public and private sector individuals participated in establishing the process, standards/procedures, application, etc. The WBE certification of NWBOC is widely accepted by the private sector and many government entities as well. For further information, visit www.nwboc.org or call 800-675-5066. NWBOC also created an interactive eProcurement MarketPlace, www.nwboc.economicengine.com. All women-owned companies can be listed. Please call 800-675-5066 for further information on the MarketPlace.

About Women's Business Enterprise National Council (WBENC)

The Women's Business Enterprise National Council (WBENC) is the leading advocate for, and authority on, Women's Business Enterprises (WBEs) as suppliers and vendors to the nation's corporations. Founded in 1997, WBENC is also the nation's leading third-party certifier of businesses owned and operated by women. WBENC certification is accepted by more than 1,000 corporations, representing America's most prestigious brands, as well as government entities at the state, local and Federal levels. For more information, visit www.wbenc.org or call 202-872-5515.

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