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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… 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,… read more

I am a CFO, our Company’s Money Manager; How are My Actions COSTING us Money?

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… read more

What You Need to Know About a Telecom Audit

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 Ar… read more

3 Ways to Increase your Bottom Line and Sadly Only One is Sustainable

3 Ways to Increase your Bottom Line and Sadly Only One is Sustainable

Essentially there are only three (3) ways to increase profits: Increase the price you charge for your products/services  and maintain sales volume                  Increase the sales of your product/service at the same cost per unit Reduce your costs The first solution is often not possible due to competitors whose strategy is to be the high volume/low-cost provider of your… read more

How to Lower Your Current Telecom Bill

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 t… read more

Why Is My Telecom Bill So Confusing?

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 t… read more

Telecom Audit Case Study: Wireless Solution

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… read more

Telecom Audit Case Study: Private Equity Firm

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 wit… read more

Telecom Audit Case Study: GA Regional Medical Center

Telecom Audit Case Study: GA Regional Medical Center

Customer Overview: A Georgia Based Regional Hospital engaged Profit Advisory Group to audit their spend for voice, data, wireless, internet and equipment. Spend volume: $1,200,000 annually. Project included 23 locations. Key Challenges & Objectives: Extensive Data collection using Profit Advisory Group Data Collection process and analysis phase preceded the scoping of the spend to b… read more

Telecom Audit Case Study: Southeastern Grocer

Telecom Audit Case Study: Southeastern Grocer

Customer Overview: A North Carolina based Grocery Store chain engaged Profit Advisory Group to audit their spend for Local, Long Distance, Cellular and DSL services. Spend volume: $2,247,000 annually. Project included nearly 250 locations. Key Challenges & Objectives: Challenges included data collection from 17 vendors. Client-Vendor relationships were virtually non-existent. Project… read more

Understanding the Procurement Process

Understanding the Procurement Process

At first glance, the procurement process for telecom equipment may seem like a piece of cake. However, there is a lot to consider regarding the reliability of suppliers, the cost of equipment and service, as well as savings options that can drastically cut your expenses. Profit Advisory Group is an expert regarding the procurement process, and we can help your business save boatloads of time and… read more

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