Razorsight and Broadband Plus Announce Strategic Partnership

Razorsight and Broadband Plus Announce Strategic Partnership

FAIRFAX, Va. — Razorsight Corporation, a market leading provider of on-demand financial business intelligence and spend analytics software, today announced it has entered into a strategic partnership with Broadband Plus, LLC, a management advisory and consulting practice for the converged communications industry. Under the terms of the agreement, Broadband Plus will engineer and sell solutions in the North American communications, media and entertainment markets that incorporate Razorsight’s industry leading cost management and spend analytics software platform.

Razorsight’s AIM Analytics (Communications Module) is the most advanced solution in the market today that offers automation, business workflow, and analytics for a company’s cost management, while delivering a return on investment in less than 12 months. AIM fully automates invoice management, data extraction and inventory tracking. With AIM, Broadband Plus’ communications clients will gain 100 percent visibility into their largest direct cost through a user friendly, on-demand system that provides measurable financial business intelligence.

“We are pleased to enter into this partnership with Razorsight as the company has automated a number of financial processes that were historically done through inefficient, manual efforts. Razorsight’s software platform delivers a new level of innovation, operational efficiency and business transparency that CFOs of large communications companies are looking for today,” said Keith Hall, Founder and Managing Partner of Broadband Plus, LLC. “The broad deployment of Razorsight’s solutions at many of the world’s leading communications and media companies is a testament to the strength of Razorsight’s technology and we’re excited to represent the company as it continues to further its market leadership position.”

“Keith Hall and Bob Keane are two of the most respected executives and expert advisors in the communications, media and entertainment market,” said Razorsight CEO Charlie Thomas. “Their knowledge, respect and credibility coupled with our AIM platform will provide a winning combination for many companies. AIM is the only solution of its kind which delivers a ROI in under a year. We’ve saved billions of dollars for our customers and transformed the way they manage, process and audit their network costs.”

About Broadband Plus, LLC

Broadband Plus, LLC (www.broadbandplus.us) is a privately held management advisory and consulting practice made up of C-Level executives across the converged communications industry; Media, Cable, CLEC, ILEC, ISP and ICO. Team members have led small and large companies alike and represent cross functional specialties including executive management, sales and marketing, operations, engineering, and legal and regulatory. Broadband Plus, LLC provides strategic and tactical advisory services as well as actionable services to achieve its partners’ business objectives.

About Razorsight

Razorsight (www.razorsight.com) is the market leader in on-demand business intelligence for finance executives, providing rich spend analytics and automated invoice processing. Razorsight’s Software-as-a-Service (SaaS) provides a new level of visibility into corporate expenditures through advanced technology which automates the manual process of receiving, validating and auditing invoices in any format. Razorsight captures detailed data from invoices, contracts and other sources of information to provide business intelligence that significantly reduces operating costs and enhances Sarbanes-Oxley compliance. Razorsight’s web-based software is easy to install, requires no capital investment, is highly scalable and proven to save money. Razorsight’s solution is installed at numerous Fortune 500 companies. Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India.

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