OVERLAND PARK, Kan., May 19, 2008 (PRIME NEWSWIRE) -- TMNG Global (Nasdaq:TMNG), a leading provider of management consulting services to the communications, media and entertainment industries, today announced the commercial availability of its Ascertain(tm) revenue and expense management solutions for cable, digital video, and broadband providers. Specifically, the new offering will focus on three customized solutions; digital video, telephony expense management and commercial services revenue management. Ascertain(tm) is a flexible, configurable revenue management and data integrity toolset that has been successfully deployed in Europe for 7 years by Cartesian, a TMNG Global company.
"Cable operators are expanding their businesses on multiple service lines with expanding digital video business, voice over IP telephone, and penetrating enterprise and corporate commercial users. We've developed custom solutions that address all three of these business needs," said Bill Opet, Senior Vice President of TMNG Global's Management Consulting Business and Practice Leader for Global Cable and Broadband. "Our Ascertain(tm) offering provides cable operators with the necessary tools to implement sophisticated audit and financial controls and reduce revenue leakage. We are delighted to announce the commercial availability of the solutions at the National Cable Show."
This digital video solution gives cable providers the ability to analyze their Pay-Per-View (PPV) and Video-on-Demand (VOD) transactions, identifying mismatches between service authorization and billed events. This event-level analysis allows cable providers to immediately flag any discrepancies between business critical systems such as digital cable controllers, VoD transactional data and customer management/billing systems.
Such analysis mitigates the risk of subscribers receiving free services or being billed for services they never received. The solution also enables the service provider to identify stranded network resources; that is, resources that have not been freed-up following service disconnection or termination.
The rising growth in VoIP telephony subscribers has resulted in increased expenses for local telephone company access services. The Telephony Expense Management offering enables service providers to compare third party invoices against estimated minutes and charges based upon contract rates and, in similar fashion, to ensure that they are billing these third party carriers the proper amount. This solution helps providers control the costs of their third party settlements process as well as minimize access costs and maximize access revenues.
Virtually every cable company is growing market share through the sale of high speed data, voice and video services to business customers across their franchise territories. The Ascertain(tm) Commercial Services Revenue Management solution enables cable operators to analyze and manage data integrity across disparate systems by delivering customized reports that easily identify any discrepancies across customer records.
Ascertain(tm) captures accurate billing records, consolidates with client sales administration systems and reports key changes in new revenue for commercial subscribers. By providing operators with this consolidated view, they can track, manage and report the revenue of their single largest clients across franchise areas and different billing systems.
"Revenue assurance was traditionally a telecom discipline, but with the increased billing complexities associated with new cable and broadband offerings, this is no longer the case," said Rich Nespola, Chairman and CEO of TMNG Global. "With these new revenue and expense management solutions, TMNG Global is addressing this growing need, strengthening its professional services portfolio with new software services, and adding a recurring revenue stream for the firm."
About TMNG Global
TMNG Global (Nasdaq:TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, Cartesian and TWG Consulting, and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D.C.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, any statements that do not relate to historical or current facts constitute forward-looking statements, including any statements contained herein regarding expectations with respect to the Company's future business, financial condition and results of operations. Forward-looking statements are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the Company's control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements. Factors that might affect actual results, performance, or achievements include, among other things, the ability of the Company to successfully integrate recent acquisitions, conditions in the telecommunications industry, overall economic and business conditions, the demand for the Company's services, the level of cash and non-cash expenditures incurred by the Company, technological advances and competitive factors in the markets in which the Company competes, and the factors described in this press release and in TMNG's filings with the Securities and Exchange Commission, including the risks described in TMNG's periodic reports filed with the SEC, including, but not limited to, "Cautionary Statement Regarding Forward Looking Information" under Part I of its Annual Report on Form 10-K for the fiscal year ended December 29, 2007 and subsequent periodic reports containing updated disclosures of such risks. These filings are available at the SEC's web site at www.sec.gov. TMNG does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.