Telecommunications expenses are among the largest cost items on the corporate income statement, easily overlooked by companies as simply doing the cost of business. Rapid technological advancements in voice, data, web services, and wireless devices have made it essential for corporations to keep pace in order to remain competitive. Despite declining costs, the reliance and proliferation of these services have created a precarious paradox that, if ignored, can have severe consequences that negatively impact the bottom line.
We recommend that organizations follow these five key best practices to achieve lasting cost savings and improve the management processes associated with telecom:
Uphold a consistent ORDER process for the entire organization.
Maintain a real-time INVENTORY.
Proactively ANALYZE every invoice.
VALIDATE invoices against contracts and inventory.
ALLOCATE costs to dedicated cost centers.
Telecom Research Library
