Telecommunications has become one of the top 5 indirect expense categories for enterprises today. According to Gartner, 8-12% of telecom invoices contain billing overcharges which result in corporations losing millions of dollars each year. Managing the sheer volume of voice, data and wireless suppliers and related invoices is both time consuming and challenging. IT and Accounting departments typically have hundreds of contracts and thousands of invoices, each of which must be reconciled to the actual inventory of services being used to ensure accuracy. At the same time, thousands of circuits and wireless devices are activated and deactivated every month. Most IT organizations lack the time, technology and staff to establish adequate internal controls and processes to effectively manage this critical expense category.
Cost Management Group has worked with thousands of enterprises throughout the United States and abroad. We are vendor agnostic and specialize in helping our clients drive down their telecom costs through infrastructure optimization, elimination of waste or abuse, carrier selection, rate negotiations, historical audit and contract optimization.
Our Services include: