Managing Telecom Expenses

Category Archives

Why You Need to Care About OPM

Why You Need to Care About OPM

Right to the head of the class if you know what OPM is, as you are clearly in the 1%. Before I tell you what it is, I will tell you what it’s not. You will not find it on an annual report or in an Excel spreadsheet as an expense line item. There is no one from HR who can find anyone on a depth chart that is over the OPM Department. Neither is there anyone in procurement or sourcing who knows… 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

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

A Comprehensive Analysis of Your Telecom Charges

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 … read more

6 Tips to Reduce Telecom Expenses & Increase Efficiency

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 Researc… 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

Why Your Hospital Needs TEM

Why Your Hospital Needs TEM

Arguably, hospitals have the greatest need for telecom expense management compared to other types of organizations. Hospitals need to ensure that they have the latest, greatest, and most reliable telecom infrastructure. With inadequate telecom service, a patient’s health or personal information could be at risk. Furthermore, there are many compliance related issues that are secured wit… read more

Saving Money With Telecom

Saving Money With Telecom

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 ineffectiv… read more

Resources to Save Money on Telecom

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… read more

Think Outside the Box & Lower Your Telecommunications Expenses

Think Outside the Box & Lower Your Telecommunications Expenses

If you want to lower your telecommunications expenses you are going to have to talk to your carrier and account rep.  They are pretty much in control of your bill, and they are the ones with the power to change how you’re billed.  Although this may not be a phone call your are looking forward to, it’s one worth making. Ask Your Account Rep For “Off The Record” Advice This trick is similar… read more

Use Your Telecom Account Rep to Lower Costs

Use Your Telecom Account Rep to Lower Costs

Most companies get their telecom bill every month, grumble a bit, pay it and move on.  People are busy and sometimes it’s just easier to get it over with. However, there are ways to lower your telecommunications expenses without spending a lot of time or effort.  Here are 2 ways to lower expenses simply by talking to your account rep. Send Competing Collateral To Your Account Rep Let your… read more

Negotiation Tips to Improve Your Telecom Contracts

Negotiation Tips to Improve Your Telecom Contracts

Telecom contracts can seem frightening at first if you don’t know what you are doing. Contracts are scary by nature because they are a legally binding commitment that can have long-term consequences. If you are faced with making the decision to sign a telecom contract, take a deep breath and review your options. You may have forgotten to include some crucial terms and there are several best… read more

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