As anyone who deals with telecom knows, it’s a very difficult category of spend. Companies that try to reduce telecom expenses are often presented with a harsh reality: It takes a lot of time and resources.
So the question is this. How do companies reduce their telecom expenses? Which tactics yield the best results, and give them the best bang for their buck?
There are four primary areas that a managed telecom partner can help you save big on your telecom expenses!
Optimizing Your Contracts
Optimizing your prices, discounts, and business terms is very important. If you haven’t done so in the last 18 months it’s time to reoptimize your carrier contracts.
Subscriptions And Services
Provider and vendor plans based on actual usage is an optimization that you should perform monthly. Not every business does this, some only do it quarterly or semi-annually, but it’s best done every month.
Compliance Monitoring
Invoice auditing to check billing errors is very important. There should also be monitoring of different incentives, discounts, and other contractual terms.
These telecom costs need to be monitored in real-time. A managed telecom partner can help you with your compliance monitoring, and make sure that all your money is going into the right places.
Demand Management
Optimizing internal policies like service usage and demand management is another service that should be performed monthly. A managed telecom partner will look into all rogue spending, and look into company policies to make sure there are policies in place that prevent rogue spending. They will also focus on the four areas and yield the best results so get you the best bang for your buck.
Learn more about how you could be saving big on your telecom services!
