Organizations today have major inefficiencies in their telecom networks. Understanding what is on the network and how it should be charged is very complex, and as a result, organizations are paying millions of dollars more than they need to on their bills. There has been an awakening to this fact due to the desire to transform and modernize networks.
Modernizing your technology to support your future network demands requires an accurate inventory of your existing assets as a baseline. But relying on invoices from service providers to take stock of what you have is often difficult. Invoices typically omit key information you need to catalog your assets. They’re riddled with billing errors that render the data useless as a benchmarking tool. Managing contracts, licenses, and orders adds to the challenge and complexity of accurately cataloging your network assets, which evolve over time.
Mitigating Telecom Risks and Uncovering Hidden Cost Savings
Perform a strategic telecom audit
A partner specializing in strategic auditing can accurately assess your existing physical and virtual network inventory assets, what they are, where they are, how much they cost, and how much they should cost. This provides a baseline from which to identify cost savings, plan for network optimization, expansion, or migration, and help secure your network by eliminating unused assets that may pose a risk.
Surface billing errors
Benchmark telecom service rates, terms, and conditions
Negotiate best-in-class services and telecom pricing
On-going auditing and management
The Ideal Partner Attributes
- Telecom audits that go beyond low-hanging fruit. Finding billing errors is table stakes. Look for a provider that can go deeper, auditing areas others may not examine, including physical sites, fees, and taxes. Ask for case studies, references, and how much they have actually saved their customers.
- Automated solutions to provide speed and accuracy. Data normalization and auditing tools save time compared to tedious manual audits and incorporate past data and experience for continual improvements. Speed to savings should be a factor in the decision-making process. Look for a partner with a proven track record of speed and best-in-class results.
- Service level agreements that guarantee a positive return on your investment. Telecom financial assurance services shouldn’t cost you a penny out of pocket. It’s about adding value — ensuring you’re getting the most out of every dollar spent while returning dollars to you. Ensure alignment of pricing, so that both parties are motivated to achieve the best outcome.
By partnering with SIB, organizations can take advantage of their telecom cost reduction services to streamline contract negotiations and achieve significant savings. Through a combination of deep industry knowledge, automated solutions, and a commitment to delivering positive results, SIB can help organizations achieve financial assurance, mitigate risks, and position themselves for future growth. SIB’s expertise in auditing, benchmarking, and contract compliance can help organizations identify and eliminate billing errors, secure best-in-class rates and services, and optimize their telecom expenses.
