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Financial Expertise and Strategic Partnerships Solidify TnT’s TEM Leadership

(Nov 06, 2007)-- TnT Expense Management, an industry recognized, premiere provider of full spectrum telecom expense management (TEM) services, recently opened a new office on Wall Street to better serve its financial services clients and meet the growing demand generated by recent strategic partnerships. TnT Expense Management recently partnered with one of the largest global electronics and engineering companies which will extend TnT’s global reach and enhance their existing International TEM service offerings.

TnT Expense Management’s new office is located at 40 Wall Street on the 61st floor. Their corporate headquarters will remain in Sandy Hook, CT, but the new space in the center of America’s dominant financial marketplace will provide TnT Expense Management better access to financial clients in the area. Financial services is a key vertical and TnT Expense Management works with several Fortune 50 financial services leaders that are trading billions of dollars over trader circuits, phone lines, Internet connections and cellular calls every day. TnT Expense Management’s success in the financial industry is due in part to their in-depth knowledge into industry specific expenses such as trader circuits, hoot ‘n’ holler, ARD circuits and market data services as well as their appreciation for the environment of fast delivery of services and zero tolerance for network downtime.

"We have had a very good experience with TnT as a business partner in helping us advance the NYSE Euronext SFTI network," said Michael Prospect, vice president of the New York Stock Exchange TransactTools.

“When you are a large financial company with 20,000 phone lines in New York City for 8,000 employees and other data circuits, it’s extremely important to keep an up-to-date, accurate inventory and negotiate contracts to ensure you are getting the best deals,” said Michael Bodetti, president and CEO of TnT Expense Management. “TnT Expense Management gets very involved with our clients and takes control of expenses to help maximize the amount of money a company can save.”

In its first year working with one financial company, TnT Expense Management saved the company $2.39M, amounting to 39% of their wireless spend. TnT Expense Management saved another large financial company $2.56M in the first year by focusing on unused or terminated devices for which the company was continuing to be billed, overage charges, rate plan shifts, claims and disputes and network shifts. For another client, TnT Expense Management was able to reduce its baseline spend by 31% through bill auditing and processing. Additionally, for a smaller financial client, TnT Expense Management negotiated contracts with a large telecom carrier to shave off $1M of its $3.5M annual spend, a reduction of 28%.

TnT Expense Management has also been actively working with clients in the financial markets to ensure the right network capacity at the best rates to support the recent SEC Regulation NMS (National Market System). In addition, TnT Expense Management received a favorable Statement of Auditing Standard, Number 70 (SAS 70), Type II audit, and their clients can use this audit as proof of their own compliance with Sarbanes-Oxley’s Section 404 requiring management's annual assertion of effective internal controls over financial reporting.

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