Everyday companies are asking an age old question: are we sufficiently profitable? If the answer is yes, then the company will think of ways to maintain and increase their revenue and if the answer is no, then the company will look for ways to improve their bottom line profitability and this usually begins with cutting costs.

Cost-cutting companies will first look at functions perceived as cost centers-functions necessary to conduct business but do not generate revenue and profit. On the other hand, business functions that are producing revenue and profits are viewed as a profit center and will usually remain intact and typically not experience budget cuts.

For many companies, the telecom department is generally viewed as a cost center and companies are learning that to keep this department afloat, engaging in a Telecom Expense Management [TEM] initiative is a crucial step in the right direction.

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The benefits of adopting a telecom expense management (TEM) solution are becoming increasingly evident in this struggling economy. More and more best-in-class companies are turning to TEM to uncover missing dollars and take control of their telecom systems once and for all.

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PORTLAND, OR (November 6, 2009) – Ty Hart and John Hogan announced the launch of Verilytics, Inc, a new telecom expense management company that provides comprehensive auditing services, along with automated solutions, that will enable a business of any size to gain insight and control over telecommunications costs.

The company was founded by a group of telecommunications veterans who saw an increased need in the marketplace for high quality audit and invoice management services. Their combined legal, audit and carrier backgrounds provide an ideal blend of skill sets to help business clients navigate complex and frustrating carrier invoices, and improve their bottom line.

“Every month, companies spend countless dollars on overcharges and services they didn’t request or need,” said Ty Hart, President and co-founder of Verilytics, Inc. “We felt that a lot of companies are being under served in this area. Organizations of all shapes and sizes need cost effective ways to gain control of their telecom budget and reduce expenses, and we are here to help them.”

The team Verilytics has put together has more than a century of combined telecom experience, and has performed telecom expense audits for companies of all sizes.  Services include auditing, automated invoice processing and payment, wireless optimization, network design and procurement, project management, provisioning and tariff/contract analysis.  With staff in Portland, Oregon and Boise, Idaho, clients can take advantage of Verilytics’ existing relationships with more than 80 service providers.

“Telecommunications expenses are among the largest cost items on corporate income statements, and according to leading industry analysts, many companies can lower their telecommunications costs by 15% or more with a detailed audit,” said John Hogan, Chief Operating Officer and co-founder of Verilytics, Inc. “We can help organizations achieve lasting savings, and implement valuable best practices to dramatically improve their bottom line.”

For more information, please contact Ty or John at 888.333.5958 or info@verilyticsinc.com.

About Verilytics

Based in Portland, Oregon, Verilytics provides comprehensive auditing services, along with automated solutions, that enable a business of any size to gain insight and control over telecommunications costs.  Using proven business models, the Verilytics team can identify cost savings and provide immediate recommendations to optimize your communications environment. More information is available at www.verilyticsinc.com.