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Benefits and Cost Savings
 

INVENTORY CONTROL

  • Lower inventory costs from 5-50%1
  • Eliminate costly walk-around audits and duplicate data entry
  • Centralize and maintain real-time inventory
  • Synchronize inventory with all other processes

COST AWARENESS

  • Snap shot of expenditures or a drill-down visibility of spending
  • Cut reporting cycles from days to minutes
  • Gain an additional 45% return in audit findings and refunds/credit secured compared to traditional audit review2

WIRELESS OPTIMIZATION

  • Optimize monthly invoices (initial and recurring savings)
  • Improve Rebates / Discounts by 25-30% (vendor consolidation)4

COMPANY POLICY COMPLIANCE

  • Trigger changes in user behavior and proactively lowers telecom expenses
  • Rapidly identify fraud and abuse to take immediate action

PROCUREMENT MANAGEMENT

  • Automate moves, adds, changes and disconnects (MACD)
  • 65% improvement in procurement efficiency3
  • Labor savings of 31% for service order management4
  • Reduce data entry and email communication

INVOICE VERIFICATION AND PROCESSING

  • 50% reduction in time and cost required to process invoices due to automation5
  • 62% reduction in late payment penalties6

EMPLOYEE TRACKING

  • Maintain employee information for reporting accuracy and department chargeback.
  • Stop paying for unused services.
1 Aberdeen Group. The Total Telecom Management Process Benchmark Report
2 Aberdeen Group. Best Practices in Contract Management
3 Aberdeen Group. The CFO's View of Telecom Cost Management Report
4 Aberdeen Group. The Total Telecom Management Process Benchmark Report
5 Aberdeen Group. The Total Telecom Management Process Benchmark Report
6 Aberdeen Group. The Total Telecom Management Process Benchmark Report
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