Multimillion dollar deal follows a successful project executed by cVidya in 2006
cVidya Networks, a global leader of telecom data integrity and revenue assurance systems, has announced that BT has signed an agreement for implementation of cVidya's MoneyMap solution across its UK operations. This agreement follows on successful execution of cVidya's project with BT in 2006 and subsequent ITT process.
BT created its Revenue Assurance Centre of Excellence two years ago, and has since been reviewing many strategic programmes and has run a number of proof of concepts with various vendors. BT's objective was to provide a single revenue assurance subscription inventory to better support its internal and external customers worldwide. cVidya was selected due to its leadership in implementing industry standards, as well as its track record for success.
Geoff Hammond, head of BT’s revenue assurance centre of excellence, says: “We have previously managed our own revenue assurance needs through internal developments and legacy applications; however the significant pace of change and product development, combined with the growing operational role within our team meant the only way forward was with an ‘off-the-shelf’ solution.
“Through our stringent ITT selection process it became apparent that the cVidya MoneyMap solution offered the functional capabilities to streamline our revenue assurance processes, and enabled our team to react quickly to new requirements and make major contributions to BT’s goals in the short and long term.”
"We are proud to be selected by BT, and look forward to building on our previous success to strengthen our relationship," commented Alon Aginsky, CEO at cVidya Networks. "In addition, this decision highlights the added value that MoneyMap can bring even to those service providers who already have a mature revenue assurance operation in place."
cVidya’s MoneyMap Revenue Assurance Solution enables operators to correlate and consolidate information from all network, operations and business systems. Through an ongoing process, it automatically detects problem areas in which profit margins are decreasing as a result of revenue leakage, data inconsistencies or resources that are not being used efficiently, leading to substantial revenue loss. Once MoneyMap identifies the areas of revenue leakage and resource inefficiency, it provides the user with intuitive tools to promptly correct and manage the problems to achieve profit maximization.