
Telecom
Telecommunications has become one of the top 5 expenses for corporations today. On average, Fortune 500 companies spend over $100 million annually on telecom services. Combine that with the fact that according to Gartner, 8-12% of telecom invoices contain billing errors and the result is corporations losing millions of dollars each year. In addition to the erroneous billing by the telecom carriers, financial waste is also caused by a lack of internal management controls. Managing the sheer volume of the voice, data and wireless expenses is an epic challenge. Companies today typically have hundreds of vendors and thousands of invoices, each of which must be reconciled against contracts to the actual inventory of services being used to ensure accuracy. All this while thousands of circuits and wireless devices are activated and deactivated each and every month.
Telecommunications is complex, technical, always changing and loaded with conflicts of interest and hidden agendas. Cost Management Group has worked with thousands of companies throughout the United States and abroad and remain vendor neutral. We specialize in helping our clients drive down their telecom costs through infrastructure optimization, elimination of waste or abuse, carrier selection, rate negotiations and contract optimization, all without any upfront costs to you. Let Cost Management Group examine your telecom environment today.
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