Telecom Invoices

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I am a CFO, a Smart Guy/Girl; Why Can’t I Understand the Language my IT Staff is Speaking?

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 t… read more

MDM, WEM, TEM…OMG!

MDM, WEM, TEM...OMG!

  Give yourself 10 bonus points for knowing what the telecom acronyms stand for, another 10 if you know what the terms actually mean, and an outright A+ if you know the difference between them all! For the other 99% of us, let’s dive right in. MDM: Mobile Device Management WEM: Wireless Expense Management TEM: Telecom Expense Management Ok so there are clearly some similarities: they a… 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

Telecom 101: Learning the Language of Telecom

Telecom 101: Learning the Language of Telecom

When you try to make sense of the invoice from your telecom service provider, does it look like a foreign language filled with technical jargon and acronyms? The service providers know that the less you understand about your bill, the less likely you will be to challenge it! Though almost 80% of telecom invoices contain errors, customers can’t easily identify errors because they simply… read more

Telecom Audit Case Study: Medical Center

Telecom Audit Case Study: Medical Center

Customer Overview: A Mississippi Based Regional Medical facility engaged Profit Advisory Group to audit their spend for voice, data, wireless, internet and equipment. Spend volume: $880,000 annually. Project included multiple locations as well as Physicians groups. Key Challenges & Objectives: Challenges include Extensive Data collection. Hospital was using an antiquated local service that… read more

What is WDM & What Does it Mean for your Company?

What is WDM & What Does it Mean for your Company?

Even if you are well acquainted with the telecommunications industry, there are so many different subfields that you may not be aware of some money-saving technologies. WDM, or wave division multiplexing, is a great way to maximize your investment in privately-owned lines and also a very advantageous service should you decide to purchase it from a service provider.  What is WDM? Essentially, WDM… read more

Breaking News: FCC to ATT “Cram it”

Breaking News: FCC to ATT

ATT will have to pay $105,000,000 to settle charges by the Federal Communications Commission and the Federal Trade Commission because their billing practices for millions of wireless customers were deceptive. The type of charges the ruling is referring to are commonly known as “cramming” charges, which are normally third party billing arrangement that allow ATT (and other carriers) to put t… read more

10 Telecom Tips to Save Money in 2015

10 Telecom Tips to Save Money in 2015

As you wave goodbye to 2014 and look forward toward the new year, what are your new years resolutions? You may have some personal resolutions, as well as some pertaining to your business. If cutting business expenses is at the top of your list, then look first to your telecom bill. Chances are, there is a great big number at the bottom of that bill, and there is room for improvement! If you ar… read more

2 Easy Ways PE Firms Can Add Value to Their Portfolio

2 Easy Ways PE Firms Can Add Value to Their Portfolio

Private Equity firms can easily add value to their portfolio’s through telecommunications.  In fact many PE firms have already started adding value to their portfolio’s following these 2 easy steps.  If you’d like to add more value to your portfolio, and in trn more value to your clients follow these two easy steps. Telecom Audit A comprehensive telecom audit is one of the easiest ways to sav… read more

13 Ways to Reduce Telecom Expenses

13 Ways to Reduce Telecom Expenses

As a growing business one of the most expensive but valuable commodities is going to be telecom services. To better manage telecom expenses you must perform telecom service optimization. Fortunately, there are 13 easy, inexpensive, and immediate tips you can utilize in your telecom strategy in order to optimize and streamline your services. 13 Telecom Service Optimization Tips Do Your Researc… read more

Understanding Telecom Invoices So You Can Save Money

Understanding Telecom Invoices So You Can Save Money

Trying to get an understanding of your telecommunications bills can be an arduous task.  Telecom invoices are notoriously confusing and typically filled with acronyms. If you’re in charge of your telecom invoices you need to know these acronyms in order to best understand them. This is the first step to lowering your telecom bills and not wasting money on  invoicing errors. The following 10… read more

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