Industry Facts

• Up to 14% of telecom invoices are found to contain errors – 85% of the errors are in the carrier’s favor.
• Best-In-Class companies spend 50% less on the same wireless services.
• Insurance Coverage for dependents costs $3,000 per employee.
• A mid-sized poultry processing plant spends $3M per year on energy.
• Up to 19% of office supply invoices are out of contract compliance.
• There are 3200+ electric utilities in the US – 50 different rate schedules per utility is common.
• The average company spends >$300/yr/employee on office supplies.
• The average $1B company spends approximately $10M on telecom expenses.
• Insurance brokerage fees could be 10% of your premium.
• The last 20 minutes of an online reverse auction can save an extra 10%.
• 90% of commercial real estate leases contain hidden charges by landlords.
• Non-compliance by vendors to contracts can cost up to 5% of total spend.
• Approx 60% of global CFO’s concede that costs they are currently cutting will reappear within 2 to 3 yrs.