Telecommunications have become a top line item expense for most organizations and a strategic area that must be managed. On average, for our clients, telecommunications account for three percent of their revenue. (Enterprises with extensive data networks i.e. financial institutions, technology, medical research spend a larger portion of their budget on telecommunications and related network services.)
The complexity of telecommunications services and billing requires people with domain expertise, a process that is Sarbanes-Oxley compliant and technology to manage these expenses. The program should include inventory and order management, validation and dispute management, usage tracking with charge-back to accounts payable and general ledger accounting systems, bill payment, and reporting. The ultimate benefit is control over expenses and actionable intelligence for better decision-making to reduce expenses and optimize your telecommunications investment.