MDSL adds INNODOC to Its Group and Expands Services
August 31, 2012
By Frank Griffin
, TMCnet Contributing Writer
Controlling information in the form of data and minimizing expenses are some of the biggest problems that companies face. Managing large amounts of data and using the information effectively to increase productivity and reduce waste in an organization requires expertise. MDSL (News - Alert) provides Market Data Management (MDM) and is a leader in Telecom Expense Management (TEM) Systems.
The MDSL Group has added INNODOC, a document automation company to its portfolio. Ben Mendoza (News - Alert), MDSL founder and CEO, said, “We are delighted to announce the new organization within the MDSL Group of technology expense management companies.”
The advantage this joint venture provides its customers is an increase in productivity while decreasing their bottom line.
We are all familiar with forms, and at one time or another we have had to fill one out.
Image via Shutterstock
The process a company undergoes to manage these forms and the information they contain is an important one. The various stages in this process can be filled with gaps of inefficiency in terms productivity and lost revenue. The inefficiencies are caused because the data on the forms is being put manually while at the same time filtering relevant information and diverting it to the proper channels.
INNODOC’s technology automates this process for their clients and allows them to have real time access to their data. What normally took hours of manual inputs can now be handled in minutes.
Steve Naghshineh, INNODOC president and CEO, will head the new company as COO and VP and was quoted as saying, “Joining forces was the next step in the evolution of our process.”
Minimizing expenses created by error is another integral part of managing an organization. Billing errors within the Telecommunications division of a company can quickly grow out of control and with the increasing options of communication devices comes the opportunity for additional errors. MDSL’s TEM System specializes in expense management and streamlines the process.
In today’s fast paced information based society an efficient mechanism to input information and retrieve the data can give a company the leading edge. These processes must be managed as competently as possible and the INNODOC acquisition gives MDSL the advantage to accomplish this task.
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Edited by Brooke Neuman