MEDIA RELEASE PR35212
WeDo Technologies Takes Revenue Assurance to the Next Level
LISBON, June 30 /PRNewswire-AsiaNet/ --
- Business Assurance Systems Will Help C-Level Executives to Face
Management Challenges
Hosting the fourth meeting of its worldwide user group, WeDo technologies
announced its findings that the current economic downturn has revealed a
clear requirement for the implementation of Business Assurance systems. The
company have proposed a Business Assurance methodology, supported by adequate
systems, to monitor and control business operations and prevent risk.
The methodology supports the management requirement that control points
and key performance indicators should be established for every business
process, not just the revenue management process (Revenue Assurance and
Fraud). In Telecom, for instance, there is a significant opportunity to
assure processes like incentives management, handset management, credit and
collections and customer management with similar results.
With 30 telecoms providers and 70 customer specialists in attendance at
the meeting in Cascais, near Lisbon, Rui Paiva, CEO of WeDo technologies,
presented the Business Assurance concept: "We understand the Revenue
Assurance (RA) teams still have many challenges in their present scope of
activities. Controlling the Revenue Management process is a complex activity.
Whether systems or processes related leakage, the risks are always present
and the correction and improvement opportunities are still very sizeable. As
Revenue Assurance leaders we are continuously challenged by our customers to
help them accomplish even more top and bottom-line results. We are now
confident we can deliver a breakthrough to the industry."
WeDo technologies, which has already proven globally that it is able to
deliver solid and effective revenue assurance and control systems, is now set
to lead the Business Assurance domain in the Telecom, Retail, Finance and
Utilities industries. According to the company's experience over the last
nine years, the payback period of this kind of product implementation is
between six to nine months on average.
"The feedback we got during the user group was extremely positive, both
from the business and IT users of our RAID software," Paiva said. "With 2009
results evolving very positively, we are investing in Business Assurance
across our target industries to fuel 2010's growth. Being confident on the
ROI that this approach will bring to our customers, we will be open to make
specific Revenue Sharing or Performance based agreements for reference
implementations."
About WeDo technologies' worldwide user group
Success stories regarding the implementation of WeDo technologies'
Revenue Assurance systems within their organizations were presented by Digi
(Malaysia, Telenor Group), Orascom (Egyptian conglomerate consisting of six
Middle Eastern, African and Asian providers), Ufone (Pakistan, Etisalat
Group) and Vodafone (UK and Turkey). The level of participation in this forum
was higher than last year's event and exceeded WeDo technologies' best
expectations, especially taking into account the current economic situation
as well as the swine flu health scare.
About WeDo technologies
WeDo technologies is the leading supplier of Revenue Assurance solutions
for the global telecoms industry. RAID, the Revenue Assurance and Fraud
product, has been implemented across the five continents. WeDo
technologies has implemented its solutions in more than 65 different
countries and is established in 12. With over 90 customers worldwide, it
offers a very impressive financial track record and a strong shareholder
base, providing the additional comfort that the market expects.
SOURCE: WeDo Technologies
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