vCom Solutions Heads into Q4 2021 with Record Growth
SAN RAMON, Calif. - November 2, 2021 - ( Newswire.com )
vCom Solutions, a leader in delivering innovative IT spend management software and managed services to businesses across the U.S., today announced record sales growth and aggressive momentum into Q4. In the second quarter, the company made significant gains in its Expense Management practice, as well as in the adoption of the company’s Managed Pay product. In addition, 28 new clients were added to the vCom roster in Q3, the highest ever in a single quarter in the company’s 20-year history.
New clients onboarding with vCom range from law firms and financial institutions to media companies and healthcare facilities. Included in the list of new clients are: Bond Schoeneck & King PLLC, Cole, Scott & Kissane, Fresno Madera Farm Credit, Frontier Bank, Genea Energy Partners, KHQ Inc. & Cowles Media Company, MCM Construction, Mediagistic, Munsch Hardt Kopf & Harr PC, Reno-Tahoe Airport Authority, Ruby Industrial Technologies, Spokane Chiropractic & Sports Injury Clinic, Steptoe & Johnson PLLC, Supreme Lending, and Tri-State Memorial Hospital.
“To have a record sales quarter in the year we are celebrating our 20th anniversary illustrates not only how vCom has continued to evolve as an organization, but shows how our ongoing mandate—to help businesses manage and save on their recurring IT spend—continues to grow in importance as technology infrastructure become more complex,” said Gary Storm, CEO of vCom. “In their shift towards digital transformation, businesses want proven tools to help them achieve their goals; vCom’s software platform, managed services, and aggregation product allow them to do exactly that.”
vCom’s digital transformation solutions are supported by the company’s proprietary vManager software platform, a cloud-based portal that centralizes spend activity for every IT asset beginning with design, sourcing, and procurement through onboarding and support, culminating with invoice management, payment, and analysis. In Q2 2021, the number of clients utilizing vManager in support of Expense Management practices rose by substantial margins, indicating growing understanding of vCom’s ability to empower digital transformation, as well as an increased reliance on vManager to both improve and speed the management of IT expenses:
- 37% increase in number of provider invoices automatically being managed through vManager
- 48% increase in number of carriers being managed by vCom on behalf of our clients
- 32% increase in number of customers utilizing vManager’s ability to automate the cost allocation of charges and creating a file that they import into their AP system
- 106% increase in the number of AP posting files imported
vCom’s Managed Pay service, which was launched in 2020, has seen triple-digit growth within the last year with an almost 250% increase in the number of clients using the service and a 113% increase in the number of vendor accounts being managed by vCom. Instead of having to process a paper check or log in to multiple vendor portals to process payments, Managed Pay automates the process, providing a valuable time savings to financial teams while preventing late fees and potential service disconnects.
“Providing our clients with tools to work smarter not harder is something we are very focused on. That’s our definition of digital transformation—automating time-consuming and repetitive manual processes within the asset lifecycle,” says vCom COO Sameer Hilal. “By taking the ‘analog’ out of managing an IT asset and digitizing the process—whether that’s processing an invoice or eliminating the need to enter data into different systems—it creates immediate value for the customer; they achieve visibility, understand where they are spending money, and gain a mechanism for optimizing utilization and spend. They also get time, the most precious resource, back to focus on more important activities.”
To learn more about how vCom can aid in the digital transformation of organizations, visit www.vcomsolutions.com.
About vCom Solutions
vCom is a cloud-based software and managed services company focused on helping enterprises manage IT spend from procure-to-pay. vCom improves visibility and control within a single software while decreasing expenses for networks, mobile, cloud, collaboration, hardware, and SaaS technologies. To learn more about vCom visit http://vcomsolutions.com.
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Original Source: vCom Solutions Heads into Q4 2021 with Record Growth