by Profit Advisory Group | Aug 16, 2018 | awards Inc. magazine today revealed that Profit Advisory Group is the number one ranked Telecommunications expense Management Company in NC on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. “We’re incredibly honored to join such a … [Read more...]
Attention CEOs and CFOs of America: HERE IS A CHECK FOR *$200,000 TO SUPPLEMENT YOUR________________?
A. Finance Team B. IT Budget C. Procurement Department D. Operations Infrastructure E. Wish List F. All of the above Wouldn’t it be great if the CFO could just wave her magic wand and create some extra money? It seems as if that is what she is expected to do anyway - regardless of the situation. Sales down? You still better make your profit numbers. Economic Slowdown? The CEO says that shouldn’t affect what you are trying to do. Demands of Shareholders? You better deliver on … [Read more...]
Money Trapped Inside Your Phone
ATTENTION CEOs AND CFOs OF AMERICA: THERE’S A LOT OF MONEY TRAPPED INSIDE YOUR PHONE! A convergence of three powerful telecom missteps has created a Perfect Storm, and it is trapping hundreds of millions of dollars inside the phones of companies of every size, all over the country. Interestingly, this is not by accident. It is by design, courtesy of the telecom carriers. This money, YOUR money, can be doing so much more to contribute to the health of your organization in so many ways, not … [Read more...]
PAG PASSES QUARTER-BILLION DOLLAR MARK IN TELECOM SAVINGS!
Charlotte-based Profit Advisory Group reached a significant milestone this month, when they passed the $250,000,000 mark in total dollars saved for their clients! With over 70 years of combined industry experience spent with the major telecom carriers, PAG’s unique, non-intrusive Telecom Audit levels the playing field for their clients. An average PAG Telecom Audit generates 23% in savings. Profit Advisory Group’s happy roster of clients range from Healthcare Providers, Insurance … [Read more...]
I am a CFO, our Company’s Money Manager; How are My Actions COSTING us Money?
Entrepreneur Magazine wrote an article outlining the 4 primary roles of a CFO: Book: The primary role is to ensure that the books are in order. Share: Sharing data with Management for forecasts, guidance and top level decision making. Comply: SEC filings, tax returns, SOX, HIPAA and PCI are several examples of compliance requirements. Assist: Helping internal customers (i.e. employees) in making decisions based on the financial metrics of the company’s performance. So how is it … [Read more...]
I am a CFO, a Smart Guy/Girl, so How do I Get the Upper Hand on my IT Staff?
Last week we discussed why you can’t understand the language your IT staff speaks any time you question them; this week we will discuss how you can gain the upper hand, or at least level the playing field. 1. We Live in the Information Age Today there is an unimaginable amount of information available on any subject, literally at your fingertips and only a mouse click away, thanks to the Internet. Anyone who is serious about gaining an understanding of any subject will easily find more than … [Read more...]
I am a CFO, a Smart Guy/Girl; Why Can’t I Understand the Language my IT Staff is Speaking?
Not for nothing, but your IT gurus equally do not understand when you discuss ROI, EBITDA or SG&A. Specific job functions each have their own lingo, but there are 3 primary reasons that even smart people who are not technologists get lost in a conversation with one within seconds… aka “you lost me at hello.” 1. Telecom/IT is Very Acronym-Driven First is that Telecom/IT is arguably the single most acronym-driven profession on the planet, beating out even our government and military … [Read more...]
Management: Out with the Old, In with the New
You know the saying that someone "can't see the forest for the trees?" It’s true and here at PAG we see it all too often, as in every single day. There are those who are overwhelmed by the day-to-day they cannot elevate themselves above the fray and see the bigger picture; even executive management is not immune to it. We often encounter C Level Executives (and their staff) who have “silo vision,” preventing them from being able to see across the enterprise. Many times, however, this blindness … [Read more...]
5 Things You Need to Write a Telecom Vendor RFP
Imagine you’re buying a house. Your first step would be to create a list of criteria for your realtor to help find a home that meets your needs. These criteria might specify a particular location, price, size, floor plan, or feature, such as a fenced-in yard, that is important to your family. Imagine what would happen if you didn’t specify any details with your realtor, and just said “show me houses.” What are the chances you would find your dream home? Instead of buying a house, you’ve been … [Read more...]
Why You Need to Care About OPM
Right to the head of the class if you know what OPM is, as you are clearly in the 1%. Before I tell you what it is, I will tell you what it's not. You will not find it on an annual report or in an Excel spreadsheet as an expense line item. There is no one from HR who can find anyone on a depth chart that is over the OPM Department. Neither is there anyone in procurement or sourcing who knows how to buy it, where it comes from or even how much it costs. Even though OPM exists at every layer of … [Read more...]
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