cVidya MoneyMap® is the First Revenue Assurance Product to Receive TM Forum's Product Conformance Certification
31-Oct-2011 | News-Press Release
London, October 18, 2011 - cVidya Networks, (www.cvidya.com) the global leader and innovative provider of Revenue Intelligence solutions for Telecom, Media and Entertainment service providers, announced today that their MoneyMap® solution is the first Revenue Assurance (RA) product to be awarded to be awarded TM Forum Frameworx Conformance Certification. MoneyMap® enables CSPs to identify and manage areas of revenue leakage. The certification affirms cVidya MoneyMap’s conformance with the Frameworx suite of standards, which has already been adopted by 90% of the world’s largest service providers.
cVidya’s MoneyMap® product is setting the standard by being the first product in the Revenue Assurance industry to receive Frameworx certification. The conformance with the TM Forum’s Business Process Framework (eTOM) and Information Framework (SID) standards provides our customers with significant benefits including reducing complex integration project risks by providing the detailed information needed to develop an integration roadmap, reducing RFx costs, and enabling faster deployment. The Conformance Certification results can be viewed here: http://www.tmforum.org/ProductAssessmentResults/7629/home.html
“We are very excited about receiving TM Forum’s Conformance Certification,” said Alon Aginsky, CEO and president of cVidya Networks. “cVidya is committed to maintaining the high standards of TM Forum’s Frameworx Business Process and Information models. This certification will benefit CSPs by ensuring that service management products and solutions in the Revenue Assurance industry conform to a single standard.”
TM Forum’s Frameworx is a comprehensive suite of standards that enable a service provider’s business to run with maximum agility, simplicity, and efficiency. Frameworx provides the blueprint for effective operations, enabling service providers to assess and improve business performance by using a proven, service-oriented approach to operations and integration.
Frameworx Product and Solution Conformance Assessments enable suppliers and service providers to verify a product or solution’s conformance to the Frameworx Business Process and Information models. Through an independent and thorough analysis of a supplier’s self-assessment, the Forum scores adherence to each model on a sliding scale and publishes a report detailing the product or solution’s level of conformance.
“Service providers are increasingly using Frameworx conformance as an important distinguishing feature between available software solutions as the need for affordable, efficient and effective business processes become critical to quickly delivering innovative services,” said George Greenlee, senior vice president of product management, TM Forum. “cVidya’s Conformance Certification reflects the company’s commitment to standards and interoperability, and reassures customers that are seeking standards-based, cost-effective and flexible solutions.”
cVidya’s MoneyMap® solution enables operators to correlate and consolidate information from all network, operations and business systems. Through an on-going process, it automatically detects problem areas which impact profitability as a result of revenue leakage, data inconsistencies or resources that are not being used efficiently. 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.
About cVidya Networks
cVidya Networks is a global provider of revenue-intelligence solutions for telecom, media and entertainment service providers. The company’s product portfolio helps operators and service providers maximize margins, improve customer experience and optimize ecosystem relationships through revenue assurance, fraud and risk management, dealer management, margin analytics, and clearinghouse services. Backed by a team of highly skilled professional experts and consultants, cVidya’s solutions have a proven track record of achieving rapid ROI and lower TCO. With over 130 customers in five continents and an extensive network of regional offices in Europe, North America, Latin America and APAC, cVidya has one of the largest installed bases of revenue-assurance and fraud-management implementations worldwide.
Jeremy Hess, Account Manager, NCSM Strategic Marketing
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