Guaranteed ROI with Telecom Expense Management
Telecom costs are among the top four expenses for most companies yet 85% of telecom bills are paid in full without an audit, telecom analysts spend 20% of their time identifying errors and 80% resolving those errors, and 50% of large enterprises do not know what their telecom-related spend is. Gaining control of this unnecessary waste means direct improvement to the bottom line.
Most enterprises face the following telecom expense management issues:
- 7%-12% of telecom service charges are in error
- 85% of a typical enterprise’s telecom bills are not audited internally and simply paid in full
- For bills that are validated, billing analysts most often examine only a subset of invoices associated with the largest spending
As a result, a lack of visibility and control of telecom expenses are costing enterprises a huge amount of money in missed savings opportunities.
The top four reasons for poor telecom cost management performance are:
- Poor visibility into spend data
- Managing increased costs for employees’ mobile devices
- Meeting employee expectations for service and efficiency
- Controlling costs of service admin operations for telecom
LowerMyTelecom offers a telecom expense management solution that provides immediate savings, permanent in-house control and ongoing visibility of telecom assets. For a free consultation, please contact us now at 866-770-0300 to start controlling your telecom expenses!
