Business Services Industry

Siemens Communications Cost Management Services Offers New Control and Insight into Enterprises' Telecommunications Operations and Spending

Business Wire, Feb 20, 2007

Siemens' New Flexible Managed Service Options Help Reduce Cost, Maximize Performance and Help Customers Gain Competitive Advantages in Business and Contract Negotiation

BOCA RATON, Fla. -- Siemens Communications, Inc. [NYSE: SI] today introduced Siemens Communications Cost Management (CCM), a new multi-year managed services package that enables enterprises to more efficiently manage one of their largest operating expenses - telecommunications.

Siemens CCM streamlines and simplifies management of complex carrier multi-vendor telecommunications environments through a powerful combination of services that includes telecom expense management, physical circuit auditing, and voice and data circuit benchmarking. The new service can help enterprises realize immediate savings, reduce ongoing operational expenses and lower future monthly bills. Enterprises gain control of their telecom outlay by capturing a circuit inventory based on physical and electronic audits that identify unused services, circuits and equipment. Regular electronic inspections of incoming invoices collect and analyze data for ongoing communications optimization. Customers can review their billing history and determine which circuits they can disconnect, helping them recover costs from telecom carriers for extended periods of invoice errors and find candidates for substitution at lower expense.

Siemens CCM enables customers to obtain, analyze and act upon their own telecommunications information and frees them from depending on carriers and suppliers to get that data. It can build customers' negotiating power to minimize new contract prices by helping customers to gain a greater understanding of their voice and data communications spending.

Siemens HiPath Managed Services offers a single point of contact and accountability for all service needs within an enterprise's multi-vendor communications infrastructure. A comprehensive portfolio of out-tasking and consultative services ranges from remote day-to-day monitoring and management to helping customers transform to open communications. Siemens uses a flexible approach with both standard and custom offerings by working closely with new customers to understand their business needs and develop services to meet them.

Even potential Siemens customers appreciate that this new service can enable them to focus on strategic growth. "The unique combination of Siemens CCM services truly maximizes the savings that large communications spenders such as the New York City Department of Education can achieve," said Ross Lanham, a Consultant with the department.

"Like all Siemens solutions, Siemens HiPath Managed Services CCM focuses on customers' business needs to help them to work their money and assets harder to best serve their objectives," said Todd Habersang, Vice President of Market Management Services at Siemens. "This is our key role," he said, "to understand our customers' business and become their trusted partner and advisor. With open services as an enabler, we help our customers achieve their full potential, especially enterprises seeking optimal and insightful control of their telecommunications operations."

For more information, visit www.siemens.com/communications.> About Siemens

Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Founded nearly 160 years ago, the company is a leader in the numerous fields, including medical technology; power systems; automation and control systems; transportation; information and communications; lighting; building technologies; water technologies; and services and home appliances. Based in Munich, Siemens AG and its subsidiaries employ 460,000 in 190 countries. Eleven of Siemens' worldwide businesses are based in the United States and are supervised from Siemens' U.S. corporate headquarters in New York City. Siemens' American operations produce annual sales of $18.8 billion and employ approximately 70,000 people in all 50 states and Puerto Rico. For more information on Siemens in the United States, visit www.usa.siemens.com

About Siemens Communications, Inc.

Siemens Communications, Inc. is one of the world's leading vendors of Open Communications solutions for enterprises of all sizes, enabling business processes to be more productive, faster and more secure - with any device, network or information technology infrastructure. A wholly owned subsidiary of Siemens AG, the company is based in Boca Raton, Fla., and employs 17,000 employees globally. For more information, visit www.usa.siemens.com/communications.> Note: Siemens, HiPath are registered trademarks of Siemens AG or its subsidiaries and affiliates. All other company, brand, product and service names are trademarks or registered trademarks of their respective holders.