Velocity enters the telecom expense market with the GEM platform

Velocity, a technology solution and services provider has launched the Global Expense Management (GEM) platform, marking its move to offer solutions for businesses seeking to streamline their expense management processes.

Leveraging RPA, AI and machine learning, Velocity is upgrading its technology expense management systems with cost allocation and streamlined payment processing through its cloud-based GEM platform.

Focusing on various IT sectors, including fixed and mobile telephony, cloud, UCaaS, and SaaS, Velocity will continue offering clients straightforward point-and-click access to measurable financial improvements and usage governance. The company said this efficiency ensures organizations can optimize technological investments, enhancing their competitive edge in the digital landscape.

The proprietary GEM platform offers other benefits to organizations seeking to optimize their expense management across multi-location enterprises. With GEM, clients gain visibility and control over all their expenses, enabling them to reduce and optimize costs. The platform automates processes, enhances inventory control, and allows the allocation of internal resources to higher-value corporate initiatives.

It is designed to reduce expenses and optimize costs, making it a valuable tool for budget management, expense allocation and compliance. It also offers seamless integration with ERP systems for efficient data delivery.

GEM streamlines operations by automating processes and providing a single tool for managing all IT-related services. It offers flexibility in ingesting client data, making it adaptable to unique business needs. The platform helps businesses effectively adapt to technology changes, updates, and upgrades and assists in managing and planning for contract terms and conditions, ensuring that organizations stay ahead of the curve. GEM delivers comprehensive, detailed management, and optimization of corporate telecom inventory, resources, and expenses while offering documented cost savings.

"We are committed to bringing more value to our customers looking to simplify their expense management and save money. GEM sets us apart because of our 100% U.S.-based support teams, a significant differentiator in the current state of the market. Furthermore, our ability to seamlessly integrate GEM with other Velocity solutions enables us to simplify client technology needs into one comprehensive package," said Mark Walker, President and CEO of Velocity.

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