A shocking 80% of telecom bills contain errors according to Gartner. As much as it would be nice to assume you’re part of the lucky 20%, statistically, you’ve probably been overpaying for your telecom services for months because of simple mistakes. Unfortunately, it’s not an easy fix to catch these errors. Telecom bills can be wildly complicated, and even the most discerning eye may not catch an error. The typical telecom invoice includes: Non-recurring charges (NRCs)Monthly … [Read more...]
Improve the Patient Experience With a Telecom Audit
If you’ve never thought about performing an audit in your healthcare organization, it may be time to consider one. Did you know that a telecom audit can help free up your budget to invest in the right technologies? Doing so can contribute to a more positive patient experience in your facility and keep you at the forefront of healthcare technology trends. Hidden Benefits of an Audit There are organizations that don’t see the need for an audit. They may think that their spending is … [Read more...]
Elevate Your Business Technology With a Telecom Audit
Do you have a wish list of technologies you’d like to implement into your business but don’t have the budget for them? With a telecom audit, your technology roadmap could be on its way to realization. So how can an audit help fulfill your goals? Savings Whether you’re aware of it or not, you may be overspending where you shouldn’t have to be. One such place where you could be leaking money is in your invoices. It’s easy for errors to hide among the jargon and acronyms found in invoices, … [Read more...]
The Telecom Audit: A Quick and Profitable Win for the New CFO/CIO
by Tom Reda, VP Marketing, PAG New CFOs/CIOs understand the importance of generating success at the beginning of their tenure. Improving cash flow is one area that has a quick and positive impact on the organization. As Samuel Dergel states in his landmark book, Guide to CFO Success – Leadership Strategies for Corporate Financial Professionals, “New CFOs who help with cash flow early are appreciated and welcomed as key contributing members of the management team.” Same holds true for new … [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...]
What You Need to Know About a Telecom Audit
For many businesses, telecom ranks as one of the top expense line items. If your business has not had a telecom audit recently, then it is very likely that you are overpaying for services. A telecom audit could be the solution. As you consider a telecom audit for your business, here are some questions that you may have, and the answers that you need to guide your decision making process: Why Are My Telecom Invoices So Confusing? Back when businesses relied on traditional telephone and “snail … [Read more...]
Is a Telecom Audit Right for Me?
The process of understanding your telecom bill has become complex, and can be time consuming and overwhelming. If you have a small company, then your employees probably wear many hats in order to accomplish everything that needs to get done. A larger company benefits from having IT and procurement departments, but members of these departments also have a full array of job responsibilities. It is unlikely that there is someone with the time, the expertise and the specific skill set necessary to … [Read more...]
A Comprehensive Analysis of Your Telecom Charges
Whether you are a small business owner or a CFO of a large corporation, you have the same basic goal in mind: profitability. You are constantly weighing expenses against earnings, and trying to minimize expenses without cutting corners whenever possible. Telecom is a necessary expense for any business. Understanding your telecom charges so that you know exactly what you are paying for can help to minimize these expenses. Telecom Invoice Analysis Here is a breakdown of charges on a typical … [Read more...]
Telecom Audit Case Study: Enterprise Solution
Customer Overview: A leading national retailer engaged Profit Advisory Group to strategically source their spend for voice, data, wireless, internet and equipment. Spend volume: USD 10 million annually on service and USD 18 million in new equipment. Project included more than 575 global locations. Key Telecom Challenges & Objectives: Challenges included extensive data collection efforts and achieving buy-in from multiple company stakeholders. A potential technology … [Read more...]
Telecom Audit Case Study: Wireless Solution
Customer Overview: A leading Manufacturer engaged Profit Advisory Group to strategically source their Global spend for wireless services. Spend volume: USD 7.6 million annually. Project included more than 45 global locations. Key Challenges & Objectives: Challenges included extensive data collection effort with multiple carriers in US, EMEA and APAC. Key objective was to reduce cost and gain greater control of the spend worldwide. Additional objectives included … [Read more...]
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