MDSL Wins Hottest New Solution Award at AOTMP 2019 for Cloud Services Expense Management
Industry third party recognizes MDSL’s innovation in managing enterprise cloud expenses at annual technology expense management event
MDSL, a global leader in Technology Expense Management ("TEM") solutions, has been awarded the 2019 Hottest New Solution Award by AOTMP for the introduction of their Cloud Services Expense Manager (CSEM) software module. This annual award recognizes the most progressive new telecom, mobility, or information technology solution from the past year. Up against two other finalists in the Hottest New Solution category, MDSL took home the award as the submission reinforced the value of capturing Total Cost of Ownership (TCO) across all technology spend categories in a single platform.
“This recognition validates MDSL’s market leading position in the cloud spend category within the greater TEM ecosystem, something the market has been talking about for quite some time,” said Charles Layne, Chief Executive Officer of MDSL. “We’ve seen great results with our early adopter clients on the CSEM platform and look to use this award to build momentum within the industry and our current client base to maximize the solution’s full potential. MDSL is committed to continuing market leading innovation while maintaining a keen focus on the customer experience.”
MDSL CSEMis a solution that allows customers to manage spend for a variety of cloud services including: Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS). Using a “low touch, no touch” approach, the MDSL platform leverages automated vendor API integration that imports cost and usage reporting (both billed and unbilled) to process, allocate, and report on cloud expenses through a single, centralized expense management platform. Users can manage these cloud expenses alongside other complex technology spend categories within the MDSL solution to understand and quantify accurate Return on Investment (ROI).
What separates the MDSL solution is the extensible technology that leverages a single, unified platform used for more than 20 years to manage enterprise technology and financial subscription services. The contract structure and instance billing of IaaS and PaaS mimic the structure and components of traditional fixed voice and data services. SaaS subscriptions behave similarly to traditional market data services like Bloomberg, Reuters, and FactSet, which MDSL manages for the largest financial institutions in the world.
“Our clients shared their individual and corporate difficulties in managing cloud expenses and as we spent time to understand the issues, the manual workarounds, and the frustrations, we were spurred to leverage technology to resolve these pains,” said Aaron Zeper, VP of Customer Demand for MDSL. “We have seen enterprises implement standard processes for capturing, reporting and allocating expenses across their entire technology estate, and it was imperative for us to solve cloud in the same way. We are pleased to see the results our clients receive and appreciate the industry endorsement.”