Telecom Expense Management and Call Accounting Technology!

Telecom Expense Management and Call Accounting Blog!

Want updates in your inbox?

  • Home
  • Blog
  • If Ever There Was a Time for An IT Audit, It’s Now!

If Ever There Was a Time for An IT Audit, It’s Now!

time-for-audit-now

Just when you thought you had saved all the money you could, the march is on to save even more. As businesses begin to look at their respective versions of a post-COVID "new normal" there will be even more pressure to find areas where you can save money, while ensuring that your IT department is capable of supporting a more flexible and potentially complex work environment.

You may have been reluctant in the past to bring in an expert to do a deep dive into your IT contracts, suppliers and inventory and identify areas to tighten up and save. But if ever there was a time to put your hesitations to one side and conduct a thorough audit, this is it!

Here are five areas that an independent, third party professional will look at to set you on your way to greater savings and improved efficiencies as you move forward towards a post-COVID work environment:

Billing errors
Did you know that 85% of IT/telecom invoices received from vendors have billing errors? According to analysts, 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 help you get rebates from vendors. By the way, if you do this yourself, you are limiting your savings to around 3-5%.
Inventory waste check
What systems and equipment are you no longer using and still paying for? Inventory waste is just one of the areas an auditor will help you identify.
Vendor performance
Do you have the right mix of service providers and vendors? How current are your contracts? Have renewal dates come and gone? Auditors understand what goes into successful sourcing and can quickly uncover weak vendor performance.
Contracts
Once you have conducted a review of your vendor performance, it’s time to do a deeper dive into your contracts. This is where knowledge, expertise and access to all your provider tariffs can make a big difference. For instance, lower rates should not be the only goal. Contracting favorable contract terms can be as vital or more vital than a low rate. Our sourcing team knows how to ask and receive best in class rates along with terms and conditions.
Technology expense management
How are you managing your wireless, wireline and mobile expenses? How are you managing your inventory? How much visibility do you have? Are you using a technology expense management (TEM) solution? A TEM will help you effectively manage your inventory and billing expense going forward. This is the ideal way to continue to run a tight ship and garner additional savings dollars long after the audit has been completed.

 At TTI we believe that a professional audit should save you money, not cost you money. Our professional team can 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.

Our audits typically result in a 25-40% annual savings. Those are real dollars that you could probably use these days.

Contact us. We'll be happy to walk you through the process and explain various options around a telecommunication audit, telecom contract sourcing or a telecommunications expense management solution to create an audit experience that works for your organization.
Staff and Budget Shrunk by COVID? 5 Ways TEM Can H...
COVID Cut Your Budget by 7.3%: What You Need to D...

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

 Chances are that, if you run an IT department, your team along with your budget has been downsized. This pandemic has turned our world upside down and it's not over yet. That means you will have to continue to do more with less. But that doesn'...
​What You Need to Do If you've read the latest Gartner report, you know that IT spending is down this year by 7.3%. Looking at the categories, the most dramatic budget cuts are being felt in devices, down by 16.1% and data systems, down by 10.3%.Why ...
A lot has changed since back in March when businesses closed their doors and hunkered down to wait out the pandemic. And, while some doors are beginning to open, it may be awhile for others. IT managers, however, should be busy right now. If they're ...
These are tough times for everyone. This pandemic has rocked us both emotionally and financially. Many businesses have had to close their doors and/or lay off employees, at least for the short term. Maybe yours is one of them. So, if ever there was a...
How are you handling these challenging times? If you are in charge of IT/Telecom for your organization, you have a unique set of challenges. They involve not only keeping yourself and your family safe but serving the remote working needs of your end ...
Are you looking at ways to save money for your company? Stop overpaying your IT/telecom invoices.You may not be aware that over 85% of mid-sized companies are not fully auditing their IT/telecom invoices. So, they get paid in full, month after month....

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