Attacking Total Cost Management

TITLE: Tackling the Communications Expense Beast with Telecom Cost Management

SUMMARY: How can a company avoid losing track of the telecom forest for the invoice trees? The answer is to employ the services of a telecom cost management provider.

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For both Fortune 500 firms and small businesses, managing telecom costs can be a daunting task. Companies often use many different telecom and network services and receive hundreds or thousands of invoices each month. How can a company maintain visibility into all these business expenses? In other words, how can a company avoid losing track of the telecom forest for the invoice trees?

The answer is to employ the services of a telecom cost management provider. Not only will doing so greatly simplify management, but also will save the business as much as 25 percent in telecom expenses.

How are these savings realized? In many cases, simply by correcting billing errors. By some estimates, more than half of all telecom service invoices contain some type of error. These errors can result in companies paying 7 to 12 percent more than they should. Finding and correcting these errors alone, though, often is not worth the time spent on the task when businesses try to tackle the problem on their own. A telecom cost management company can make correcting errors cost-effective through a process called validation.

Effective telecom related service and equipment inventory management is another important key to most Telecom Cost Management Solutions. An enterprise is not a static entity. In fact, most changes to an organization require some change in telecom services i.e. office, staff, organization, location or business changes, without a TEM system which can automatically identify each line item of the invoice against your inventory. I.e. if operations or H.R. removes a service << Start < Prev 1 2 Next > End >>