Brightfin provides a unified Telecom Expense Management (TEM) platform that integrates mobile, fixed, and cloud expense tracking directly within ServiceNow. This solution enhances visibility into IT spending, automates workflows, and reduces costs associated with telecom and cloud services.
Funding
$5.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing telecom, mobile, and cloud expenses across multiple systems creates fragmented data, manual workflows, and a lack of visibility into total IT spending. This makes it difficult for organizations to control costs, optimize resource allocation, and ensure accurate financial reporting.
Solution
Brightfin offers a unified Technology Expense Management (TEM) platform natively built on ServiceNow, providing comprehensive visibility and control over mobile, telecom, and cloud expenses. By integrating directly within ServiceNow, Brightfin automates invoice processing, streamlines workflows, and enables real-time reporting, empowering IT and finance teams to optimize spending and improve efficiency. The platform consolidates IT expense data into a single system of record, facilitating accurate cost allocation, proactive savings identification, and data-driven decision-making. Brightfin's TEM solution simplifies the complexities of managing diverse IT expenses, ensuring accuracy, compliance, and cost savings at every stage.
Target Audience
Brightfin targets IT and finance departments within medium to large enterprises that utilize ServiceNow and are seeking to gain better control and visibility over their telecom, mobile, and cloud expenses.
Features
- Native ServiceNow application for seamless integration with existing IT workflows
- Automated invoice processing and bill payment with real-time reporting and dispute resolution
- Unified dashboards for consolidated visibility into mobile, telecom, and cloud spending
- Inventory management and cost allocation to track service usage and allocate expenses to departments or business units
- Contract management and benchmarking to negotiate better contracts and uncover savings opportunities
- Historical audits to identify billing discrepancies and eliminate waste
- Mobile device lifecycle management from procurement to recycling
- Integration with leading cloud service providers (AWS, Azure, Google Cloud) for real-time billing and usage data