Telecom audits are vital for businesses to manage their telecommunications expenses and improve their overall operations. A telecom audit is a comprehensive review of a company’s telecommunications invoices, services and contracts, including phone, internet, and other data-related services. A telecom audit aims to identify cost savings opportunities, improve network efficiency, and ensure compliance with vendor contracts.
BENEFITS OF A TELECOM AUDIT
- A telecom audit can help businesses identify areas where they are overspending on telecommunications services. With fast-paced technological advancements and the constant need for communication, telecom expenses can add up quickly, making it difficult for businesses to stay on top of their costs. A telecom audit can reveal that a company is paying for unnecessary services or not taking advantage of discounts and promotions offered by its vendors. This can lead to significant cost savings for the business. Delta Dental of Michigan is one recent example. An audit uncovered a $450,000 billing error and a savings of 30% on telecommunications.
- In addition to cost savings, a telecom audit can help a business improve network efficiency while saving money. A telecom audit can identify network bottlenecks, outdated equipment, and other issues that can slow down network performance. A business can improve network speed and reliability by addressing these issues, leading to increased productivity and customer satisfaction. This can be especially important for companies that rely heavily on technology and communication for their operations.
- A telecom audit will ensure that vendor contracts match the rates and services on the bill. Vendor contracts can be complex and challenging to navigate, and a telecom audit can help a company fully understand the bills and what should be billing versus what is billing. This can help a business avoid costly out of contract services and also help a business negotiate more favorable terms with its vendors.
IMPROVE COMPANY OPERATIONS WITH A TELECOM AUDIT
A telecom audit is essential for businesses to save money and improve their general operations by identifying cost savings opportunities, improving network performance, and ensuring compliance with vendor contracts. It’s highly recommended that businesses conduct a telecom audit at least once a year to stay on top of their telecommunication expenses and make necessary adjustments to optimize the costs. Not only do they save costs, but they also improve the overall communication infrastructure of the business, which leads to better customer satisfaction and business growth.
Ninety percent of audits lead to savings and offer a company significant dollars to reinvest. Detroit Country Day saved $82,000 with a telecom audit; how much could your business save? Calculate your potential telecom savings or contact Tenurgy for a risk-free, 100% remote telecom audit today.