The Depository Trust & Clearing Corporation (DTCC) has announced that it had selected IBM’s new Telecom Expense Management solution to help DTCC in managing its telecommunications spending.
IBM’s Telecom Expense Management Services is designed to help clients address the complexities of managing telecommunication ordering, inventory and invoice acquisition and validation of services provided by their telecom vendors.
“IBM’s solution provided DTCC with a better grasp of our inventory and telecom spending so that we could identify significant savings opportunities and make more informed decisions about these expenses,” said Michael Obiedzinski, DTCC Vice President, Network Services.
By utilizing IBM’s Telecom Expense Management services, DTCC expects to improve the management of order, inventory, bill payment, cost recovery and vendor management, ultimately resulting in an expected return on investment to the company of more than 20 percent annually by improving process and business controls.
Laurence Guihard-Joly, Vice President of Integrated Communications Services in IBM’s Global Technology Services said: “By providing a centralized, proactive telecom expense management solution, we are helping DTCC reduce its telecom costs and streamline corporate controls and audit compliance for a critical set of IT and business resources, both fixed and mobile communications resources.”