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...]
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, 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...]
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...]
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...]
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...]
Resources to Save Money on Telecom
Saving Money on Telecom Expenses There’s no way around it. Running a business takes a lot of hard work and dedication. But too many businesses and organizations are only focused on bringing in new clients to increase revenues. However, this is only half the battle of increasing your net profits. You must also be diligent with managing your expenses and stop wasting your hard-earned dollars on useless or ineffective investments. We have helped our clients save an aggregate of over $200 million … [Read more...]
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