Financial Technology

Financial Technology

November 20, 2012

Teligistics Garners Over $7 Billion in Sourced Agreements

Teligistics (News - Alert) has garnered over $7 billion in terms of telecom contracts that it had sourced for its client organizations after its establishment in 1997. In 2011, Teligistics had unveiled its proprietary and revolutionary Web-based e-Procurement tool, Telibid.

In a statement, Dave Roberts, CEO and founder of Teligistics said, “We are undoubtedly the leading source for large enterprise procurement of complex global voice, data and technology related contracts. We continue to win for our clients ‘Best in Class’ contracts because we have the technology, subject domain expertise, experience and the market data necessary to deliver outstanding results.”

Organizations can publish an RFP or request for pricing/proposal on the Web using the Teligistics online sourcing tool. The tool features custom designed telecom templates for all categories of telecom services including wireless/mobility, local, long distance, audio/online conferencing, MPLS, managed services and Internet access among others. A voluntary state-of-the-art reverse auction configuration is also incorporated in Telibid.

According to Roberts, enterprise-level telecom users will find the revolutionary Telibid ideal. Teligistics has utilized the subject matter proficiency of several thousand large and intricate worldwide telecom contracts for developing the sourcing tool. In 2005, the organization received a U.S. Patent for its methods for examining telecom provider rate plans. This method is used as the core of the financial analysis reports that are generated from the RFP bidder reactions. Roberts added that Teligistics is one of the major organizations offering this sort of comprehensive analysis.

Roberts said, “Despite the fact that the cost of technology and communications services generally go down over time, most large organizations are faced with ballooning telecom budgets but can’t figure out why. This is generally due to the fact that the average telecom cost per employees is exploding with the primary culprit being wireless mobility. The rate of telecom consumption is outpacing the natural downward trend of technology in the marketplace. The rate of increase in telecom costs per employee is only second to employee healthcare.”

Teligistics is a closely-held private organization based in Texas. Teligistics is a major provider of enterprise-level telecom cost control offering tools in the country. The organization also offers client offerings in telecom expense management.  

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Edited by Brooke Neuman

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