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Quickcomm partners with Source Loop to provide state-of-the-art telecom e-procurement services to clients

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July 26, 2006
Quickcomm partners with Source Loop to provide state-of-the-art telecom e-procurement services to clients

Leveraging partnership, Quickcomm creates a more effective telecom expense management solution

New York, NY (July 26, 2006) Quickcomm Software Solutions, a leading global provider of telecommunications expense management software and services, today announced the formation of a strategic partnership with Source Loop to extend cost-effective telecom sourcing solutions to clients.

Source Loop provides an e-procurement and reverse auction solution that seamlessly manages the entire sourcing process for telecom services. By conducting the sourcing process through their web based application, Source Loop can source a complex telecom service contract in half the time required by traditional methods.

Our e-procurement solution allows clients to conduct a competitive sourcing process with the leading telecom service providers and secure the best rates and terms available in the market, says Daren Moore, Managing Director at Source Loop. Enterprises with global networks now have a single solution for managing all aspects of the telecom cost equation.

Quickcomms telecom expense management software is an in-house enterprise application that reconciles telecom invoices with inventory and human resource records. It analyzes each line item, from mobile and cellular voice services to tie lines, paging services, data and PBX. Quickcomm identifies discrepancies in telecoms bills and redundant or surplus services, saving clients an average of 10 percent to 20 percent off their telecom bills.

Sophisticated Enterprise clients are demanding tools and services to manage costs throughout the entire telecom expense life cycle said Quickcomms CEO Mark Evans. Through this partnership with Source Loop, we enable Enterprise Network Executives the ability to easily procure telecom services at best in market rates. Evans added, Together, we offer a solution that carries an extremely compelling value proposition for clients.

About Quickcomm
Quickcomm was established in 1997 and has grown to become a leading provider of global Telecom Expense Management (TEM) software and services to Global 2000 companies. Quickcomm software helps cut telecom expenses dramatically and provides actionable insight for telecom provisioning that improves a companys bottom-line. It is the most complete TEM solution available, integrating transparently with a companys existing infrastructure. Initially formed in Australia, Quickcomm has been incorporated in the United States since 2003 and is headquartered in New York. For more information visit the companys web site at www.quickcomm.com.

About Source Loop:
Based in Reston, VA, Source Loop delivers innovative sourcing solutions to procure telecom services. The companys SmartSource online sourcing and reverse auction application enables enterprises to source complex telecom services in a fraction of the time compared to conventional approaches. Source Loop is operated by experienced telecom expense management executives responsible for founding one of the largest TEM service providers in the U.S. More information about Source Loop can be found at www.SourceLoop.com.
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