KUALA LUMPUR, Oct 31 -- The Synchronoss Financial Analytics platform has been selected by Rackspace to manage costs, provide visibility and deliver savings by checking and validating the accuracy of its largest and most complex third party partner expenses and invoices.
Synchronoss Technologies Inc in a statement said the Synchronoss platform would use advanced analytics to evaluate the complex, large-scale invoices that Rackspace received from its partners each month.
“This agreement also shows the significant progress that Synchronoss is making to broaden our reach and open up new opportunities for our products and technologies outside our established TMT footprint,” said Synchronoss president and chief executive officer, Glenn Lurie.
Each invoice can contain complex large datasets, which the Synchronoss platform will automatically process to identify potential anomalies and errors in the data.
The automated process will improve accuracy and provide expense governance to enable Rackspace to promptly recoup misbilled charges on its largest expenses.
Rackspace chief financial officer, Dustin Semach said: “The Synchronoss platform is an important addition to our operational toolkit. It automatically captures and rapidly processes vast amounts of data at scale, then transforms that data into actionable insight.”
Synchronoss is a global leader and innovator of cloud, messaging, digital and IoT products. More information at https://synchronoss.com.
-- BERNAMA
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