TL;DR:
- Velocity introduces the Global Expense Management (GEM) platform through strategic acquisition.
- GEM enhances technology expense management with precise cost allocation and cloud-based payment processing.
- It targets various IT sectors, offering clients easy access to financial improvements and usage governance.
- GEM streamlines expense management, providing visibility, automation, and resource allocation.
- The platform integrates seamlessly with ERP systems and leverages AI and RPA technology.
- GEM signifies a shift towards comprehensive, efficient expense management solutions.
Main AI News:
In a strategic leap forward, Velocity, the distinguished Managed Solutions Company, has ushered in a transformative era with the launch of its cutting-edge Global Expense Management (GEM) platform. As a pioneer in technology solutions and services, specializing in voice, Wi-Fi, data networking, and connectivity solutions for multi-location enterprises spanning diverse industries, Velocity has taken a giant stride towards its mission of offering holistic solutions to businesses keen on optimizing their expense management workflows.
This game-changing advancement has been made possible through Velocity’s recent acquisition, which reinforces their technology expense management systems with top-tier precision in cost allocation and seamless payment processing, all orchestrated within their cloud-based GEM platform. With a resolute focus on the expansive realm of IT, covering fixed and mobile telephony, cloud services, UCaaS, and SaaS, Velocity is steadfast in providing clients with effortless point-and-click access to quantifiable financial enhancements and usage governance. This newfound efficiency empowers organizations to fine-tune their technological investments, ultimately sharpening their competitive edge within the dynamic digital landscape.
Mark Walker, President and Chief Operating Officer of Velocity, emphasized the company’s unwavering commitment to delivering enhanced value to their clientele, stating, “We are dedicated to simplifying expense management and cost savings for our customers. What sets GEM apart is our 100% U.S.-based support teams, a significant differentiator in today’s market landscape. Furthermore, the seamless integration of GEM with other Velocity solutions allows us to streamline client technology requirements into one comprehensive package.”
The proprietary GEM platform ushers in a host of substantial advantages for organizations with multi-location operations, keen on optimizing their expense management protocols. GEM endows clients with unparalleled visibility and command over their expenses, facilitating cost reduction and optimization. The platform orchestrates the automation of critical processes, enhances inventory oversight, and facilitates the allocation of internal resources toward high-value corporate initiatives. GEM has garnered acclaim from its clientele for its robust feature set, encompassing cost savings, resource reallocation, comprehensive reporting, data accessibility, and remarkable flexibility in terms of client data integration. It is expertly designed to reduce expenses, optimize costs, and serve as an invaluable tool for budget management, expense allocation, and compliance. Additionally, GEM seamlessly integrates with ERP systems, ensuring swift and efficient data delivery.
With its process automation and comprehensive suite of IT-related services management tools, GEM streamlines operations, presenting organizations with a unified solution for overseeing all aspects of their IT landscape. Its adaptable approach to ingesting client data makes it a tailor-made solution for diverse business needs. The platform equips businesses to adeptly navigate technology shifts, updates, and upgrades while assisting in the management and planning of contract terms and conditions, ensuring that organizations stay ahead of the technological curve. Notably, GEM delivers comprehensive, granular management and optimization of corporate telecom assets, resources, and expenses while delivering demonstrable cost savings.
GEM is emblematic of an industry-first approach, bolstered by the integration of Microsoft Power BI with the latest AI and RPA technologies. When complemented by Velocity’s comprehensive managed solutions, it provides a panoramic view of IT/Telco investments, setting the stage for a new era of expense management excellence.
Conclusion:
Velocity’s GEM platform represents a pivotal move in the market, offering businesses a comprehensive solution for optimizing expense management across various IT sectors. With its advanced features and integration capabilities, GEM positions Velocity as a leader in expense management, setting new industry standards for efficiency and cost savings.
