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With nCONTROL Telecom Expense Management, you can achieve significant ROI in the first year and continue to enjoy sustained ROI over time.
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The first two elements of a typical ROI roadmap begin with the technology’s power to streamline Invoice Processing and Workflow Automation to deliver a foundation of ongoing cost savings. The third element, Audit and Optimization, provides a high degree of expense reduction which peaks in the first year and continues over time as we correct reoccurring billing errors. Lastly, armed with total visibility, control over corrected expenses, and validated inventory, you are in an optimal position to pursue the forth element, Source and Contract, which further enhances the ROI opportunity.
Industry Research
The following Telecom Expense Management research highlights current challenges and results enterprises are experiencing:
- The average Fortune 500 company spends $116 million year on telecom services; the average mid-size company $26 million. Aberdeen Group 2005 – www.aberdeen.com
- On average 7% to 12% of telecom service charges are consistently in error, which results in $8 million per year in lost profits at larger firms and $1.75 million at mid-size companies. Aberdeen Group 2005 - www.aberdeen.com
- Vendor claims of 20% to 30% savings in the first year are possible and not uncommon in a first generation TEM implementation; however, once the business processes and databases come into permanent control, this premium usually reduces to 10% in subsequent years. Gartner 2005 - www.gartner.com
- The cost of simply paying these bills (not analyzing them for errors) is $9 to $15 per invoice. Aberdeen Group 2005 - www.aberdeen.com
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