VIENNA, Va. -- Telarix, Inc., the leading provider of Interconnect Business Optimization (IBO) software for telecom carriers, today announced it had extended its portfolio of interconnect business optimization solutions with iXAudit. The enhanced software module provides telecom carriers an end-to-end audit and dispute management system designed to streamline the validation of interconnect invoices and declarations, reconcile charges and manage settlements.

Legacy invoice systems and costly manual processes which carriers have relied upon in the past to manage invoices and declarations can no longer address the new level of complexity in which carriers now operate. As the number of service and content providers has increased exponentially in recent years, so has the number of invoices that are both received and delivered. Higher invoice complexity and volumes, combined with a variety of invoice formats, has created a challenging environment for carriers that must analyze invoices for accuracy and identify and manage disparities that arise among their trading partners.

"Auditing is one of the most overlooked components of a carrier's cost avoidance strategy despite its ability to increase top-line revenue and improve overall profitability," said Andy Bairsto, Senior Analyst, Yankee Group. "By deploying interconnect business optimization solutions which can provide real-time intelligence about the traffic moving across a carrier's network as well as track settlement charges, carriers can detect and remedy areas of potential revenue leakage or cost inefficiency."

iXAudit, a critical module in Telarix's cost avoidance and revenue assurance solution, provides carriers with an unparalleled invoice tracking, analysis, and dispute management capability. iXAudit serves as a data repository for all carrier invoices and offers a flexible workflow process to expedite the identification and management of disputes. By leveraging VSR(tm), Telarix's unique ability to rate calls based on each vendor's specific numbering plan, iXAudit enables carriers to immediately identify the true costs and associated margins of all their interconnect traffic and reconcile that information with the invoice or payments received from other carriers.

"With overcharges estimated to be as high as 10 percent of total invoice value, carriers need a comprehensive solution that can quickly and accurately identify and track invoice discrepancies," said Amir Yazdanpanah, Chief Executive Officer. "The enhancements to iXAudit enable carriers to accurately and effectively manage the myriad of invoices they now receive while accounting for any disputed amounts which might arise. As a result, carriers can minimize their financial risk, reduce the number of invoice disputes and improve their overall cash flow."

Telarix Inc.