Telecom Expense Management and Call Accounting Technology!

Telecom Expense Management and Call Accounting Blog!

Want updates in your inbox?

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

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

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.



Have Remote Workers? Security Just Got More Critic...
4 Key IoT Challenges Face IT Managers

About TeleManagement Technologies, Inc.

TeleManagement Technologies, Incorporated (TTI) provides Telecom Expense Management and Call Accounting solutions designed to effectively track, integrate, manage and protect an organization's information technology resources. TTI's TEM solution, WinBill®, has developed a reputation for an impressive ROI, with clients reporting savings of 300% or more! WinCall® Call Accounting tracks all domestic and international locations regardless of PBX type (analog, digital, VoIP) to facilitate internal bill back, identify PBX toll fraud and increase employee productivity. Extensive reporting capabilities are also included for planning purposes. TTI's experienced, responsive support team helps keep CFOs and IT/Telecom departments in total control of their technology expenses.

Since 1987, TTI has been designing software products that provide a better solution to managing corporate technology, inventory, expenses and services. For more information, visit www.telmantec.com.

Check out other recent posts by TTI

​If you're staying current with the latest issues keeping CIOs up at night, you'll know that increasing efficiencies and productivity continues to claim the number one spot. A recent article in CIO Magazine, however, cites the results of an Evanta su...
Are we headed for a recession? According to a recent C-suite study cited in CIO Magazine, eight in ten CEOs are expecting a recession to impact their organizations within the next twelve to eighteen months. Recessions, as we know, can do significant...
​If you are a CFO or CIO you are probably well aware that technology and telecom rank high in annual expenses.Between networks, applications, and service providers you are spending more these days, not less. But what you may not realize is that, wit...
Outdated IT Departments Lose Credibility – and Money!​If you manage an IT/telecom department, chances are you've been struggling to keep up with all the demands of a new generation of users as well as how to implement new technologies.And yet, ironic...
Manage Your Inventory and Start Saving Money Now!Anyone in IT knows that managing today's inventory involves much more than keeping track of phones and modems.Inventory management has become something of a science in that it has expanded to include a...
Employees are in the driver's seat these days. And not that you need a reminder, but they are your end users. And one of your most important customers. Are you doing all you can to make them happy? Here are a few stats you may find interesting: ...

We're always happy to assist you with any questions you may have.
Just give us a call!

1-800-903-4006
This email address is being protected from spambots. You need JavaScript enabled to view it.
Inquire by Form
See more options!

Connect with us!

© 2020 TeleManagement Technologies, Inc.
Contact Us Today!  Start Saving on Your Technology Spend! 1-800-903-4006
newsletter
before content