At Profit Advisory Group, we are incredibly proud of how streamlined and effective our process is. Many competitors claim that they have the best processes and procedures to save you money, yet are unable to quantify the effectiveness of their program. We, however, have saved our clients over $200 million dollars since 2002.
We can help save you money with our Telecom Expense Management (TEM) program to proactively assess and manage your telecom profile. Maximizing revenue is only half of the battle to running a successful business. The other half is minimizing expenses, and our TEM process can help you save massive amounts of income.
Stage 1: Audit and Service Optimization
The very first step is to perform an audit to get a high-level of understanding of your telecom infrastructure. Not only do we assess what services you are currently using, but we also help you identify lower cost alternatives to help you save money in the long run. Unfortunately, no one is perfect and mistakes are a part of being human. For this reason, we will scour your technology services profile to find billing errors that are fruitlessly crippling your budget.
Stage 2: Contract Strategy
Next, we move forward by analyzing all of your current contracts to identify opportunities. Then we document the expiration dates of all current valid contracts to help you create a plan for the future. Without proper planning, when it gets down to crunch time you may find yourself making agreements that aren’t the best possible option. Additionally, we will look for errors in your current contracts and help you correct those errors with future contracts.
Stage 3: Procurement Policy and Sourcing
Assessing your suppliers is key to the success of your business. It is absolutely necessary to identify the best service sources and the best rates to add value to your telecom profile.
Stage 4: Technology Review
We then assess the technologies you are currently using and look for ways to improve efficiency. Because technology changes so rapidly, there are likely better technologies that can be taken advantage of to improve your business.
Stage 5: RFP and Contract Negotiation
Following the technology review, we outline the best service provider candidates that meet your needs at competitive rates. We separate the wheat from the chaff to leave only the best options for your business.
Stage 6: Ongoing Inventory and Invoice Management
If you know anything about telecommunications, you understand how crucial monitoring is to success. We will proactively monitor your invoices to ensure that there are no more billing mistakes that waste your money.
Stage 7: End of Life Asset Disposal
Lastly, after your equipment has been replaced or has outlived its benefits to your business, we can help you capitalize on your old technology. There are specific ways to properly dispose of certain types of equipment, but we can also help you find buyers to purchase your equipment.
Using our proven process, we have helped our customers save hundreds of millions of dollars. We want to help you find the best options to optimize the efficiency of your business, too.