Believe it or not, most senior managers within large and medium sized enterprises do not know how much they are spending on corporate connectivity expenses for telecom, Internet and wireless services. They may have a notion of an average figure but most are hard pressed to give an accurate consolidated figure of their annual enterprise-wide voice, data, and mobile expenditures. 

Why?

Let's face it. Most of the telecom bills you receive every month are mountains of cryptic information that is not easily deciphered. In most cases, you do not have the time, expertise, or the resources to be able to accurately assess and granularly audit this billing information against your telecom services inventory, contractual terms and obligations set forth in your relationship with your  telecom service providers.

What are the consequences? Simply put – you’re losing money!

- 7% to 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.

Bill processing within most organizations is fraught with inefficiencies stemming from lack of expertise to properly audit telecom bills, bloated headcount to process these bills, lack of proof to dispute charges from erroneous invoices, problems reconciling telecom bills with internal usage, and lack of ability to cost allocate all expenditures to cost centers. 

What questions need to be answered?

•  Who is making the telecom transactions?
•  Why are the transactions occurring?
•  With what service providers are these transactions occurring?
•  What is the total telecom cost for my enterprise?
•  What is the breakdown of my telecom cost?

What do you have to do to answer these questions?

It requires work, but here are the Five Steps;

1.    1. Consolidate Billing

2.    2. Validate invoices monthly

3.    3. Regularly reconcile telecom inventory with billing

4.    4. Allocate costs accurately

5.    5. Provide your managers with reports that detail what is driving expenses

How we help you:

Through our strategic partnerships we help companies like yours adopt Telecom Expense Management (TEM) as the strategic framework to drive your telecom cost management practices within your organization. TEM, in a nutshell, is a broad framework consisting of industry best practices combined with innovative technologies to deliver an integrated holistic solution that enables enterprises to effectively manage and optimize their telecom expenditures across the organization. Deploying TEM successfully within an enterprise will result in increased profitability, visibility, accountability, and manageability into how every dollar is being spent and accounted for within the enterprise. On a whole, TEM is a business transformational solution akin to the likes of ERP applications and has touch points with most parts of the organization hierarchy.

Prime Auditing Services affordable price includes the initial upload of all of your telecom inventory expense data, as well as the ongoing loading of your invoices. Our clients rely on us to support all of their fixed and mobile telecom expense activity including:

·      Initial Bill Audits

·      Invoice Management

·      Inventory Management

·      Reporting and Analytics

Our mission is to help you take the pain out of saving money on telecom expenses.

We want to make it easy for you to say “yes” to TEM cost savings.

The results?

Proper alignment of bill management processes to corporate objectives will result in significant cost savings ranging from 10%-31% within the first year of deploying TEM with 7%-11% of on-going savings in subsequent years. Time savings of 17-20% per month! (That is 27 to 32 hours of staff time!).

Bill management is but one of the many phases of the TEM lifecycle but it is typically the phase which will result in quantifiable results with immediate savings. Ultimately, these derived savings can justify and fund further investments needed to deploy and optimize other phases of the TEM lifecycle. We are there to help you every step of the way.

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What you can do now!

Attendees will learn tactics and strategies for reducing telecom & wireless service costs. 

Some of the topics covered will include: 

• Effective policies and procedures that can save big money 
• Strategies for managing wireless devices 
• TEM implementation pitfalls 
• Improving telecom expense tracking & auditing 
• Using TEM to negotiate better carrier contracts 
• Creating transparency for multiple departments & cost centers 
• How to make the case for TEM internally 
• Reducing total telecom spend by up to 30% 

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