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TEOCO Releases Cutting Edge Telecom Rate Management Module

Posted on: Tuesday, 24 June 2003, 06:00 CDT

FAIRFAX, Va.--(BUSINESS WIRE)--June 24, 2003--TEOCO Corporation - The Employee Owned Company - today announced that it has released Rate Management Module 1.0, an enhancement to TEOCO's comprehensive Telecom Cost Management solution, BillTrak Pro. The Rate Management Module (RMM) is a significant enhancement to BillTrak Pro that allows companies to consolidate all of their service agreements into one central location for auditing, analyzing, and reporting.

TEOCO designed RMM to enhance the automation of telecom rate auditing - increasing rate management efficiency and decreasing telecom costs. For many types of vendors, such as Local Exchange Carriers (LECs) and Inter-Exchange Carriers (IXCs), rates are established on contract arrangements that vary from vendor to vendor, each of which contains varying structures and conditions. RMM enables companies to store key elements of their tariff, contract, and interconnection agreement rates in order to track costs and manage agreements.

"Our customers are excited about the benefits of this new technology," said Tom Kins, Vice President of Telecom Solutions. "RMM provides the functionality necessary to audit against tariff and contract rates in an automated fashion. Instead of having to keep track of paper contracts, RMM acts as a central repository for all rates."

"XO partnered with TEOCO because of the quality of their product, the knowledge of their staff and the value they return to our company," said John Seaton, Director of Carrier Management, XO Communications. "We are excited to see them continually enhancing their product in a way that adds critical functionality and extends their leadership position in cost management."

TEOCO's Telecom Audit Service Center, which specializes in telecom cost management outsourcing and manages over $80 million per month in telecom costs, uses RMM as an important component of its services. According to Chris Harrison, Director of Operations, "RMM gives you a great way to efficiently ensure your rates are always correct on recurring circuit, usage, and other service charges. Load the rates in, map them to billed charges based upon rules you set, and let the system do all the work. In addition, rate data are available in a BAM (BillTrak Pro Analysis Module) universe for reporting and accrual purposes. It's a great product!"

BillTrak Pro is the market leader in Telecom Cost Management solutions. BillTrak Pro enables customers to import and store electronic invoice data, perform auditing and analysis on the data, and then facilitate the payment process. TEOCO's products and services manage more than $8 Billion in telecom costs per year. By combining RMM with BillTrak Pro, TEOCO has created a solution that sets a new standard for Telecom Cost Management solutions.

About TEOCO

Founded in 1994, TEOCO, The Employee Owned Company, provides strategic business solutions that create measurable value for our clients through the intelligent use of business expertise and information technology. We are committed to advancing the practice of Principled Entrepreneurship, building a successful business without compromising our values. TEOCO's current lines of business include: Telecom Solutions, a leading provider of network cost and revenue management solutions, Enterprise Web Services, a provider of e-business solutions for the commercial marketplace, and Respond Networks, an internet-based technology solution that helps local businesses connect with purchase-ready buyers.

TEOCO's Telecom solutions are deployed in over 30 top carriers in the US and Canada. They include Allegiance Telecom Inc. (NASDAQ:ALGX), AT&T Wireless (NYSE: AWE), Bell West, Cable and Wireless (NYSE: CWP), Qwest Communications International Inc. (NYSE: Q), Sprint Canada (TSX: FON), TALKAmerica.com (NASDAQ: TALK), T Mobile (NYSE: DT), and XO Communications (OTC BB: XOXOQ). For more information, visit TEOCO's Web site at: http://www.teoco.com.

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