SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2005
MER TELEMANAGEMENT SOLUTIONS LTD.
(Name of Registrant)
22 Zarhin Street, Ra'anana 43662, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_________
This Form 6-K is being incorporated by reference into the Registrant's Form S-8
Registration Statements File Nos. 333-12014 and 333-123321.
MER Telemanagement Solutions Ltd.
6-K Items
1. Press Release re MTS Launches Invoice Management Solution dated July 19,
2005.
ITEM 1
Press Release Source: Mer Telemanagement Solutions Ltd.
MTS Launches Invoice Management Solution
Monday July 18, 8:30 am ET
- Suite of Products for Checking and Managing Telecommunications Bills Offers
Opportunity for Substantial Savings on Yearly Telecom Expenses - RA'ANANA,
Israel, July 18 /PRNewswire-FirstCall/ -- Mer Telemanagement Solutions Ltd.
("MTS") (Nasdaq: MTSL - News), a long-standing leader in the enterprise
communications management market and billing solutions, has implemented its
latest suite of telemanagement products, the Invoice Management Solution, as
part of the total Telecommunications Expense Management Solution for Enterprises
installed at the Newark Star-Ledger offices in New Jersey. MTS has received
orders for the solution from enterprises and government agencies in the U.S. and
Europe.
The Invoice Management Solution enables users to verify invoices -- both against
contract terms and communications charges, reconcile discrepancies, resolve
errors, present full or partial payment (pending disputes) and approve payments.
In addition, this suite of products can effectively and efficiently manage and
validate the telecommunications expenses of all the facilities and remote sites
of an enterprise through a centralized solution. This solution has built-in
interfaces that allow for the import and export of data to other systems such as
CRM, A/P, or G/L.
"It is well known that telecom billing errors and other legitimate expenses
result in overcharges of up to 12% per year for most enterprises," said Eytan
Bar, President and CEO of MTS. "Most companies do not have the tools or the
means to check invoices thoroughly. Rather, they generally spot-check them. If
the deviation is less than 10% from the previous month, the invoice is approved
and sent for payment. MTS has designed the Invoice Management Solution to expose
such errors.
"Using the MTS Invoice Management Solution, a CFO now can have 'peace of mind'
knowing that each invoice has been checked for accuracy and actual services
performed, and that the maximum effort was achieved to affect the best deal with
vendors," continued Mr. Bar. "The series of reports generated by the Invoice
Management Solution gives a CFO an overview of his/her cash flow and anticipated
expenses, as well as the deviation from the budget. We believe the Invoice
Management Solution will allow enterprises, like the Newark Star-Ledger, to
significantly reduce their telecom costs."
Hanoch Magid, VP, Sales and Marketing, added, "The MTS Invoice Management
Solution creates a better environment and relationship for enterprises with
vendors by assuring prompt payment, checking for missing invoices, and
initiating discrepancy reports and interactive letters. Moreover, it supports
both electronic invoices as well as manual paper bills, affording enterprises
the opportunity for substantial savings on yearly telecom expenses. As a result,
I believe this solution will become the 'must have tool' for enterprises that
want to gain knowledge about and manage the details of their telecoms expenses."
The MTS Invoice Management solution is a pro-active, policy-based solution
designed to manage and control the entire communications network from basic call
accounting through full IT service management. The modularity and scalability
allows organizations to select only those modules they need, and expand as their
business grows. This premier suite of telemanagement products developed by MTS
including the flagship products TABS and Application Suite, provides full call
management, cable management, toll fraud, and budget management and control. The
charge-back facilities of the software allow various financial accountability
hierarchies, such as departments, account centers, etc. to be billed and
verified against the allocated budgets.
Mer Telemanagement Solutions Ltd. (MTS) is a global provider of operations
support systems (OSS) for comprehensive telecommunications management, expense
management and customer care & billing solutions, offering a full-featured
customized platform. Its telecommunications enterprise resource planning (ERP)
system is used by corporations and organizations to improve the efficiency and
performance of all telecommunication and information technology (IT) operations,
and to significantly reduce associated costs. Its automatic expense management
solution is used to validate telecommunications expenses, provide bill
reconciliation, and manage invoices against the contract. Its affordable
customer care and billing (CC&B) solutions are used by service providers and
operators to support sophisticated pre-paid and post-paid billing, web-based
self-provisioning, assets management, help desk, order management, partners
management and other revenue-generating applications. MTS' Customer Care and
Billing Solutions offer centralized revenue and user management, as well as
real-time billing to operators and service providers.
Headquartered in Israel, MTS markets through wholly owned subsidiaries in the
U.S., Hong Kong, Holland, and Brazil, and through OEM partnerships with Siemens,
Phillips, and other PABX vendors. Its legacy call accounting solutions have been
installed by over 60,000 customers in 60 countries. MTS' shares are traded on
the Nasdaq SmallCap Market (symbol: MTSL). For more information please visit the
MTS web site: http://www.mtsint.com.
Certain matters discussed in this news release are forward-looking statements
that involve a number of risks and uncertainties including, but not limited to,
risks in product development plans and schedules, rapid technological change,
changes and delays in product approval and introduction, customer acceptance of
new products, the impact of competitive products and pricing, market acceptance,
the lengthy sales cycle, proprietary rights of the Company and its competitors,
risk of operations in Israel, government regulations, dependence on third
parties to manufacture products, general economic conditions and other risk
factors detailed in the Company's filings with the United States Securities and
Exchange Commission.
Contacts:
Company: Investor Relations:
Shlomi Hagai, Corporate COO & CFO Kathy Price
MTS - MER Telemanagement Solutions, Ltd. The Anne McBride Company, Inc.
Tel: +972-9-762-1733 Tel : 212-983-1702 ext. 212
Email: Shlomi.Hagai@mtsint.com E-mail: Kprice@AnneMcbride.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MER TELEMANAGEMENT SOLUTIONS LTD.
(Registrant)
By: /s/Eytan Bar
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Eytan Bar
President and
Chief Executive Officer
Date: July 20, 2005