TEOCO Corp. (Booth 402), a provider of cost- and revenue-management solutions to the communications and entertainment industries, announced that two major communications providers, including a Tier 1 North American carrier, have signed on to become customers of their XTrak service.
TEOCOs patent-pending XTrak solution eliminates manual entry, extracts the greatest level of detail, and creates a uniform electronic format to load into a cost-management system, such as TEOCOs BillTrak Pro. By automating the load of invoices at the detail level, XTrak opens the door to additional auditing opportunities. The automated controls that XTrak adds to invoice processing can help communications and entertainment providers address Sarbanes-Oxley requirements.
TEOCO launched the XTrak solution in 2005, and has attained 12 customers, with one customer currently in trial.