Telecom Expense Management - Rivermine News and Events

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3rd Annual Summit on Enterprise Telecom Expense Management Draws Record Attendance, Brings Together Top Executives
Premier Industry Event Delivered Best Practices, Panel Discussions and Analyst Sessions

Fairfax, VA, July 21, 2006 - The 3rd Annual Summit on Enterprise Telecom Expense Management (TEM) recently attracted more than 200 enterprise, telecom carrier, and government executives to share best practices and hear lessons-learned from experts who have implemented automated TEM solutions in their organizations. The Summit, sponsored by Rivermine, SAI, and Global Internetworking, is the largest conference in the TEM industry and was held on June 7 and June 8 at the Ronald Reagan Building in Washington, D.C. The first day included a Telecom Expense Management Executive certified training course delivered to close to 40 attendees by the Association of Telecom Management Professionals (AOTMP), while the second day included presentations and interactive panel discussions from Gartner, Fidelity, Sodexho, IKON Office Solutions, Verizon Business, Advocate Networks, RSIS, and MicroStrategy.

Rivermine President and CEO Mark Logan opened the Summit by discussing key industry trends. "Organizations are demanding greater visibility into, and control over, their telecom environments in the interest of bottom-line savings," said Logan. "Also, with issues like convergence and greater wireless usage adding more complexity to corporate telecom policies, many organizations are centralizing their telecom operations."

Representing Gartner at the event, research vice president Phillip Redman discussed enterprise wireless and telecom expense management and the challenges of inventory inaccuracies, security concerns and industry standardization. From the enterprise perspective, Reed McGoldrick, vice president of Fidelity Investments, shared her experience implementing an automated TEM program for the company. Fidelity's best practices included ongoing inventory management, training, and internal controls.

Other sessions at the Summit included interactive panel discussions on topics such as carrier mergers and acquisitions, TEM case studies, and the importance of applying business intelligence to the telecom environment.

Rivermine is a leading provider of automated telecom expense management solutions, providing an intuitive and unified way to gain visibility into, and control over, nearly all aspects of telecommunications management. The solutions automate many cumbersome tasks such as service ordering and provisioning, telecom analysis and planning, and invoice processing, auditing, and payment.

About Rivermine:
Rivermine is a leading provider of automated, award-winning solutions that enable organizations to gain visibility into, and control over, their wireline and wireless telecom spend. Hundreds of companies including many Fortune 1000 corporations and large government agencies have selected Rivermine to optimize their overall telecom environments and dramatically reduce costs. Rivermine currently manages over $6 billion in annual telecom spend globally. The company's patent-pending Telecom Expense Management (TEM) solutions automate the entire telecom lifecycle including ordering, inventory management, invoice processing and auditing, wireless expense management, mobile device management, and reporting/analytics.

Rivermine's Telecom Expense Management software andmanaged services save many companies and governmentagencies MILLIONS of dollars per year.

Rivermine's Telecom Expense Management software and
managed services save many companies and government
agencies MILLIONS of dollars per year.