An important and almost always overlooked strategy for a company to save money is for a telecom review. A telecom review is an audit of your telecommunications network billing and contracts, done by professionals who can find money saving errors. Telecom services account for one of the five largest expenses a business will face and with the many changes in the business and communications world what was good then may not be in your best interest now, so it is always imperative to stay on top of your telecom contract and here is why:
Telecom Bill contracts usually run 3 years and will typically go into automatic renewal. With confusing and complex billing-overcharges and outdated telecom fees can be easily overlooked. All too many times businesses are getting charged for services they no longer use or have cancelled. According to a study by Gartner Group, a leading information technology research and advisory company, “When it comes to telephone and data bills, an estimated $13 billion in overcharges will be generated in the next 12 months, and less than 2% of these telephone billing errors will ever be identified.”
All too often, businesses pay their telecom bill without a review of the actual charges or costs, which can lead to fraudulent and inaccurate billing. On average 85% of companies do not audit their bills which causes them to over spend by about 45%. Toll fraud hacking into corporate telecom networks is averaged to cost more that $1 billion dollars a year annually, how much of this 1 billion could be in your company?
Don’t let your company suffer from inaccurate billing and erroneous charges-by addressing cost issues and management issues you can cut costs and benefit instantly! Here at Spaulding Hill we offer a free telecom assessment. If you would like a FREE assessment please click here or call 866-441-7469.
