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...]
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...]
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...]
How to Lower Your Current Telecom Bill
Telecom is a vital service in today’s business world. The many communication services provided by telecom carriers allow us fast and easy access to information, collaboration, and clients across the globe. The world of telecom has grown to be something much more advanced and complex than the simple hardwired phone lines that were our main source of connecting not so long ago. With all of the advances in telecom that have transformed the speed and accessibility of business in a positive way, … [Read more...]
Why Is My Telecom Bill So Confusing?
As a business owner, you receive many invoices that need to be paid on a regular basis. Some of them are easy to understand, so you pay them without question. This is NOT the case with the telecom bill. Telecom bills rank consistently as one of the most difficult invoices to understand, leaving many people asking themselves, “WHY is my telecom bill so confusing?” Here are some of the main factors that contribute to the telecom confusion: Multiple Telecom Billing Systems One of the main … [Read more...]
Telecom Audit Case Study: Private Equity Firm
Customer Overview: A leading Private Equity Firm engaged Profit Advisory Group to strategically source the Wire line Services. Spend volume: $14 billion in assets under management. Project included 26 operating companies. 1 Company served as the pilot Approximate spend of $40,000,000 Key Challenges & Objectives: Challenges included extensive data collection effort of a large spend with multiple services. Key objective was to reduce cost and gain greater control of the wire … [Read more...]
6 Tips to Reduce Telecom Expenses & Increase Efficiency
Communication keeps business moving alive and moving forward. While telecom is a necessary expense for any business, the costs for telecom can snowball into a very large total very easily. How do you keep the expenses for communication reasonable without sacrificing services? Here are 6 tips to help your business reduce telecom expenses and increase communication efficiency: 1. Do the Research: The telecom market changes rapidly, and prices fluctuate over short amounts of time and from vendor to … [Read more...]
5 Reasons to Switch Telecom Vendors
Have you been with the same telecom vendor for a while? Perhaps you are wondering if “the grass could be greener” if you made a switch. Sometimes it is difficult to know if and when it is the right time to consider a new telecom vendor. Here are 5 reasons for switching telecom vendors that may help with your decision making process: 1. Improving Your Telecom Service Options Are you happy with all of your options? As new and improved options become available, your current provider may or … [Read more...]
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