cVidya Networks, a global specialist in Telecom, Revenue Assurance and Dealer Management systems, announced today that 1&1 Internet, the Web host by known servers and a leading ISP in Germany, has deployed cVidya's revenue assurance product for partner invoice reconciliation. The software will enable 1&1 to more efficiently identify and manage disputable charges in inter-carrier invoices between their own organization and network and infrastructure owners.
cVidya's Partner Invoice Reconciliation solution automatically recalculates invoices and verifies accuracy of inter-carrier payments for third party outsourced services such as leased lines and next generation infrastructures. This results in a major decrease in expenses for DSL access. By identifying discrepancies, the service provider is able to negotiate, prove and reclaim erroneous payments and bills.
"Due to the increasing complexity of communication networks, there is a growing demand for a solution that enables service providers to more effectively minimize and measure errors in settling accounts between operators and service providers," commented Alon Aginsky, the president and CEO of cVidya Networks. "Existing billing systems need to be updated regularly to optimally process the complicated accounting between wholesale operators and service providers. cVidya is pleased to be working with 1&1 towards the first deployment of its new Partner Invoice Reconciliation solution."
Markus Huhn, CFO of 1&1 Internet added, "We are confident that cVidya's Partner Invoice Reconciliation solution will be instrumental in enhancing 1&1's inter-carrier invoicing processes. By minimizing cost and required resources, this solution will increase efficiency of our invoice processing procedure."