BASKING RIDGE, New Jersey, July 17 /PRNewswire/ --

- Provides Consolidated View of Worldwide Billing Activity in Currency of 
Choice to Improve Online Expense Management for Multinational Customers

Verizon Business multinational customers now have a more convenient way
to view, monitor and analyze their expenses, with the company's introduction
of Global Billing Report. Customers can use this advanced tool, available at
no cost through the Verizon Enterprise Center (VEC), to view worldwide
communications expenses online in both the original billed currency and
another currency selected by the customer.

Global Billing Report is immediately available, and a number of customers
headquartered in Europe, Asia and the United States are currently using the
tool to manage their worldwide billing information.

"Our customers are eager for a sophisticated and consolidated view of
their global communications operations and expenses," said Tom Vitale, vice
president of customer enablement and cross-product support for Verizon
Business. "Global Billing Report replaces disparate billing reports,
historically accessed in various ways, with one customizable and holistic
online tool."

Global Billing Report is made possible through a comprehensive billing
transformation initiative through which Verizon Business has consolidated
customer billing data from all regions into one centralized data repository.
As a result, Global Billing Report can combine billing data from domestic and
international invoices into a group of summary reports that provide a more
detailed view of a customer's services across the regions where the customer
operates. The company plans a series of future enhancements, including
expanded product-level reporting and additional languages.

Global Billing Report simplifies the process of reviewing invoices before
making payment. Customers can view and analyze invoices in various levels of
detail, from high-level summaries to individual charges. The billing
information that is included in Global Billing Report can be easily and
efficiently downloaded, as well as viewed online. The tool is fully
integrated into the Invoices section of the VEC, allowing customers to easily
isolate an individual invoice to view images, and in many cases, line item
detail.

When customers sign up for Global Billing Report, they can select the
invoices to be included and choose the currency. Each month, Global Billing
Report converts all invoices to the customer's requested currency, allowing
them to see the charges in both the original and converted currencies.
Invoices are grouped by international region (United States, Europe, the
Middle East, Africa, Asia Pacific, Canada and Latin America), as well as
shown in a consolidated master list to enable customers to analyze expenses
by country, region, or across a worldwide enterprise.

Global Billing Report is the newest offering in Verizon Business' suite
of online self-service billing applications that provide a practical and
environmentally friendly alternative to paper-based billing and reporting.
Verizon Business offers a variety of paper-free billing and reporting options
which enable customers to review, analyze and, in many instances, pay their
invoices online. Available options include EDI Billing, BillManager, Direct
Data Billing Services and Online Billing through the VEC.

Verizon Business encourages its large-business and government customers
to take advantage of its online billing applications to help customers better
manage and report on their communications expenses. Last year, Verizon
Business teamed with Computershare and American Forests on a program to plant
a tree for every customer who registers to conveniently view and pay bills
online. The program is modeled after Verizon's successful eTree program for
shareholders who opt for electronic versions of annual reports, proxies and
other shareholder communications materials. Paper-free billing offers both
cost and conservation benefits, especially for enterprise customers whose
invoices for a single month of call detail can number tens of thousands of
pages.

The feature-rich VEC online portal allows customers to place orders, view
and pay invoices, create trouble tickets and analytical reports, and monitor
and manage their voice, data and IP services with the company. It provides
near real-time access to information so companies can make informed decisions
about their domestic and global networks. Users can access the VEC virtually
anywhere in the world, at any time.

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE: VZ), operates
the world's most connected public IP network and uses its industry-leading
global-network capabilities to offer large-business and government customers
an unmatched combination of security, reliability and speed. The company
integrates advanced IP communications and information technology (IT)
products and services to deliver leading enterprise solutions including
managed services, security, mobility, collaboration and professional
services. These solutions power innovation and enable the company's customers
to do business better. For more information, visit www.verizonbusiness.com.

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