How to Save 25-40% on Your Annual IT/Telecom Spend

​When was the last time you reviewed all the various provider contracts sitting in your drawers or file cabinets? Chances are you could be saving much more by identifying and eliminating unnecessary services and products and negotiating better deals. But if you’re like so many managers, you are strapped for time as it is. Who has time to put everything on hold while you sort through hundreds of documents and invoices, looking for overcharges and trying to find a better deal?

That’s where an independent, third party professional can bring benefits that you just can’t achieve by doing it yourself. A skilled auditor knows what to look for and where to find it. Here are two key areas where a professional services deep dive can really save you money.

Identify billing errors

According to analysts, 85% of IT/telecom invoices received from vendors have billing errors. And they can cost an organization up to 12% of their annual IT/Telecom spend in the form of inflated costs. An auditor can quickly find these errors and will go to bat for you to get rebates from vendors. Do it yourself and you may realize a cost savings of 3-5%.

Renegotiate your contracts

A do-it-yourself approach to negotiating refunds for overbilling can be a long and drawn out process! You need the knowledge, expertise and access to all your provider tariffs. A professional auditor has the negotiation skills and tools to eliminate paying for products and services you’re not using and tighten up your contracts.

​A good auditor, like TTI, will conduct a complete historical audit of services throughout your enterprise, including all expenses in your voice, data and wireless infrastructure - to recover refunds and credits for your organization.

Through our process, identifying potential telecom billing errors represents only 20% of the time and effort to complete the validation. The remaining time is spent reconciling with service providers to resolve the claim, correct the errors on the billing and secure the maximum refunds possible. The bottom line is that our audits will typically result in a 25-40% annual savings. That’s real money. Those who insist on doing it themselves report savings between 5-10%. That’s a big difference.

Contact us. We’ll be happy to walk you through the process and explain various options to create an audit experience that works for your organization.