|In an effort to maintain operational efficiencies and streamline overall expenditures, it is essential companies pay close attention to all charges and fees as they relate to company services and keep business costs to an absolute minimum. One very simple way of controlling spending is to eliminate excessive and unneeded expenses.
To assist you, we’d like to share two easy ways our customers have successfully eliminated wasteful disbursement of capital and succeeded in lowering their overall telecom costs:
“One way to save money is to trim your budget of unneeded expenses.”
Reducing the ongoing operational and maintenance costs associated with your communications equipment can greatly reduce spending while still continuing to support your company’s business requirements. Multiple research studies have shown most organizations are utilizing anywhere between 50% and 70% of their IT budget to maintain, update and upgrade their technology infrastructure. These costs can be significantly decreased through detailed analysis and thorough examination of existing fees.
Additionally, eliminate paying for costly errors and erroneous charges on your voice and data communications invoices. Gartner Research estimates that companies spend up to 20% over their actual telecom budgets each month due to miscellaneous charges and invoicing errors. As an example, if your company’s total monthly telecom expenses are $5,000, this would calculate to an approximate loss of $12,000 per year. This is all assuming you are only being billed for services your business still requires! This does not take into consideration the many services you may be billed for which are no longer necessary for your business needs. Given the current state of the economy and an overall reduction in the workforce across the nation, very few businesses today have the staff or resources necessary to conduct the type of analyses mentioned above in order to efficiently reduce costs while maintaining business standards.
Teleco’s Telecom Management Service (TMS) can provide this assistance to you! We begin by analyzing all of your wireless, voice, data and Internet invoices for errors, unused services and extraneous charges. This will typically save customers 15-30% of their total monthly telecom expenses… and that’s only after the initial cleanup!