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Examples of Communications Audits

 

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Researchers have found that up to 90% of telecom invoices for any company contain some kind of error. It has also been estimated that the average savings procured through a telecom audit are 30%-40% of telecom expenses. Keep in mind that these savings run the gamut of telecom expenses, ranging from long distance service to billing costs. These figures are only the average in the United States today. With technology and telecom needs growing constantly, the chance for errors resulting in savings will only increase. Think of the potential savings your company can find through a comprehensive telecom audit.

Telecom audits can review any service that you feel could better serve your needs at a better cost. This includes local and long distance, fax, modem, equipment, configuration, billing methods, and internet. A telecommunications audit can work to save you money in any or all of these areas. Your industry or the size of your business does not determine how you can benefit from a telecom audit. It simply changes the ways in which we can work with you to optimize service and savings.

Telecom auditing can benefit any company, no matter the industry or the size of the business. Whether your company is small or operating on an international level, your telecom will always be one of the top five expenses. From hospitality management companies to worldwide service providers, themselves, every company in existence will come across billing errors, and each one can benefit from a close look at their telecom management. The following are just a few examples of telecom audits that saved money for several companies varying in size.

Telecommunications Service Provider
This international provider of telecom services was paying close to $10 million per year for voice services. Through a complete telecom audit, the company was able to reduce this expense by 50%. In this case, the company did choose to switch carriers, since the more expensive vendors contract was close to expiration. In addition to these savings, the audit revealed $5 million dollars in overpayment due to invoice errors, which was credited back to the company within twelve months.

Storage Company
A medium-sized storage company reduced their monthly expense by 15%, without changing carriers. It was found that, while service needed optimization, the current vendor was able to offer the best terms and rates. This company also managed to procure a refund for a fax line that was paid for, but never used. This was accomplished during a gap analysis, reviewing contractual terms versus actual services received. It was found that the fax line had, in fact, been out of use for several months, and the contract was not updated.


Customer Service Call Center
This business was able to reduce monthly expenses, namely those concerning their long distance plan, by 50%. This was accomplished, once again, not through a change of vendor, but through a re-negotiation of their contract with the current provider. It was also found that reconfiguring routing could save the company an additional $1,500 per month.
 


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