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...]
How to Gain Leverage Over Your Telecom Services Provider
Wouldn’t it be great to have the upper hand when it comes to negotiating with your telecom services provider? The reality for many of us is that our telecom providers are in the drivers seat. They set prices and terms, and because you simply cannot run a business without telecom services, you play by their rules and pay each invoice as it rolls in. Despite what many people think, it IS possible to gain leverage when it comes to negotiating your telecom contract. Here are three negotiating … [Read more...]
The One Reason Most Companies Don’t Lower Telecom Expenses
For many people, the tactics it takes to lower telecom expenses seem like too much work. Considering that even a 10% reduction on your bill could potentially save your company tens of thousands of dollars each year, it is well worth it. Also, consider that you don’t know what you don’t know. If, as an IT director or procurement professional, you don’t know the certain prices, bundles, or promotions that are available at a given time, then how can you be expected to know to ask for those things … [Read more...]
An Easy Way To Lower Telecom Expenses
Businesses of all sizes are always on the lookout for ways to save money. Taking a closer look at your telecom expenses is a great move, but unfortunately many businesses never do anything about them because lowering telecom expenses on your own can be a difficult and time consuming process. There are easier ways to save though Lowering Telecom Expenses An easy way to save is to move some of your services to a competitor. When you move some of the services to a competitor this lets your … [Read more...]
How to survive the TECHNOLOGY bullet that has you in its crosshairs
Ready, Aim, Fire! In case you survived 2014 without realizing that Technology is hurtling forward at warp speed, or you still do not accept that the Internet of Things is as absolute as the Tax Man, or that your every move will be monitored, recorded and even predicted by Big Data, consider the following facts and forecasts: 90% of worldwide data was created within the last 18 months and will increase 1,150% by 2020. 12 million RFID tags (used to capture data and track the movement of … [Read more...]
There Ain’t No Cure For The Telecom Blues
As former Telecom Executive turned Rock Superstar David Bowie might have said, If you aren’t taking the time to become intimately familiar with all the ch-ch-ch-changes in telecom or working with someone who already is, your company is likely spending tens, even hundreds of thousands of dollars unnecessarily each year. Mark Knopfler referred to this undesirable dilemma as, “Money For Nothing.” Talk about being in Dire Straits. Many CFO’s, CIO’s and IT executives do not have an extensive … [Read more...]
4 Challenges Faced When Negotiating Telecom Contracts
Is it time to renew your telecom contract? Wouldn’t it be easy just to sign on with your current vendor for another year without putting any thought into the terms and conditions of your contract? Then you could check “renew telecom contract” off your to-do list and then focus on the other important tasks in your business. It’s very tempting, but beware! This is exactly what the telecom vendors want you to do! Telecom contracts are purposefully challenging so that you are tempted to skip the … [Read more...]
Why Do Data Breaches Occur & What Do They Cost?
Why do data breaches occur? In the early years most breaches were ego-driven with hackers motivated by the classic “I’m smarter than you and to prove it I can hack your system”. Due to stepped up law enforcement and more serious punishment, these types of attacks have now decreased to an almost imperceptible level. The ranks of the early hackers consisted of disgruntled former employees, political activists and thrill-seekers. Ever the opportunists, criminals quickly realized the potential … [Read more...]
Big Data Has Its Eye On You – Part II
Big Data, Part 2 Last week we looked at what Big Data (BD) is and some of its potential uses while this week we will explore some of the challenges facing its use and some of the potential fears of BD. Gartner, Inc., widely recognized as the worldwide leader in IT research and advisory services, started speaking to BD in 2001 and formulated the now famous “3 V” model of the challenges of handling BD: volume, velocity and variety. Below we will demonstrate that the volume of data currently … [Read more...]
2 Line Items That Will Add Value to Your Portfolio
There are two line items that are costing private equity firms thousands upon thousands of dollars a year. By simply reducing these two costs you can instantly add value to your portfolio, but more importantly you can stop wasting hard earned money. Telecommunications and IT Expenses Telecommunications and IT are usually a company’s two largest line item expenses. And, often unbeknownst to the owner and the company’s investors, it’s costing them way more than it has to. When unchecked, every … [Read more...]
