MDSL News

The world’s leading OnDemand cost management company generates more than its share of news. The latest stories are below, but if you’d like to know more about us, get in touch.

IXIS Corporate and Investment Bank (IXIS CIB) the French investment bank selects MDSL solutions for managing their Telecom and Market Data costs

MDSL’s third reference in France confirms the strong growth towards better cost management in Europe and positions MDSL as the partner of choice for large organizations.

Paris - London – New York - Tokyo – Mars 9, 2006 – MDSL, the leading provider of OnDemand expense management solutions, today announced that the French bank IXIS CIB has chosen to deploy MDSL TEM and MDM for managing its Telecom and Market Data costs.

“After carefully evaluating the capabilities of many MDM and TEM solutions, IXIS CIB selected MDSL’s solution because of its unique and powerful functionality” stated Christophe Bruant, facilities manager for IXIS CIB Paris.

According to Industry analysts, Market data and Telecom costs typically represent the third largest non-payroll expense for financial companies and are seen as a new frontier with vast potential for significant expense reduction opportunities. This potential stems from the lack of visibility into communication expenses attributed to complex contracts, distributed inventory, and erroneous carrier bills. MDSL provides its solution as a ready to use ASP service, and this allows companies to track, manage, and more effectively deploy communications resources and support services across an entire enterprise.

“We are delighted that IXIS CIB has chosen MDSL’s solution after carrying out a long and thorough period of due diligence. It demonstrates MDSL’s capacity to provide the best solutions for large organizations in both Market Data and Telecom expense management. It also illustrates how the European market is buoyant for us” says Philippe Lignac, Sales Manager EMEA.

IXIS CIB’s goal is to standardize business processes for procuring, provisioning, managing change, and recovering costs in support of their mission-critical communications environment. FITEX MDSL’s main partner in France will help IXIS CIB to streamline its operations and drive costs down by implementing the MDSL TEM and MDM solution.
About IXIS CIB

IXIS Corporate & Investment Bank is Groupe Caisse d’Epargne’s corporate and investment banking arm and a leading player in capital markets. It holds a banking license under French law and offers a combination of optimal security and excellent ratings.

IXIS Corporate & Investment Bank delivers an extensive array of high value added broking, structured finance, financing, engineering and research services. The Bank maintains a global presence through its Paris headquarters, branches in Frankfurt, London and Tokyo, and subsidiaries in New York and Hong Kong.