Telesoft Helps Companies Comply with Sarbanes-Oxley
Sarbanes-Oxley Compliance Costs Time, Money

PHOENIX, AZ. (January 30, 2007) Telesoft Corporation, the leading provider of Expense Management Solutions for enterprise, has announced a new release with TeleSOX features specifically designed to aid companies in meeting Sarbanes-Oxley reporting requirements. In order to accomplish this task, TeleSOX offers a method to aggregate, monitor and analyze telecommunications data in order to correctly report expenses.

According to industry analysts, about 9% of telecommunications charges on average are overpaid. In most cases, telecom expenditures are among the top five expenses for companies and are also one of the least controlled. It is imperative that companies take steps to implement internal controls in order to manage unwanted charges and avoid a problem with a company's accounts payable system.

Thierry Zerbib, Telesoft Corporation's CEO stated that, "given the difficulty and the high costs involved to comply with Sarbanes-Oxley, the importance of putting a system in place to keep track of a large expense such as telecommunications is important. Without a system to account for telecom expenses, decision-makers are often approving payments for large expenditures with little documentation to determine whether they are valid and/or accurate."

"Telesoft offers TeleSOX to accurately account for telecom expenses in order to meet strict Sarbanes-Oxley requirements. In addition to complying with accounting requirements such as Sarbanes-Oxley, we offer services to eliminate various unneeded costs within telecommunications that can improve a company's overall bottom-line," said Zerbib.

Telesoft's TeleSOX compliance features can be acquired to be managed within an enterprise as a licensed solution, or as an outsourced option with Telesoft handling the labor and month-to-month management of enterprise expenses.

In addition to TeleSOX, Telesoft offers numerous products to manage Telecom and IT expenses more effectively reducing overall spend. "Companies are really doing a disservice to themselves by not implementing some type of telecom expense-management (TEM) system. Through Telesoft solutions, whether it be Inventory Processing, Wireless Management, Call accounting, or Asset management, companies can do some incredible things that in some instances could mean showing a profit or showing a loss," stated Zerbib.