When looking to shave off unnecessary telecom expenses, it’s not uncommon for financial executives to search out the quickest and easiest way to cut costs. Many hope to find a “silver bullet.”
While this approach is completely reasonable given the complex nature of the telecom industry, the danger lies in assuming that there is a simple “one-size-fits-all” approach that can be applied to any telecom billing system in any industry.
The honest truth is: There is no silver bullet
Without taking the time to become intimately familiar with the ever-vacillating trends of telecom, or working with someone who already is, your company is likely spending thousands of dollars unnecessarily each year.
The above statement may cause some amount of discomfort, not only because it sheds light on a monetary drain, but because it also implies two seemingly undesirable solutions to fix the problem:
1. You, or someone on your team, must spend countless hours becoming “telecom experts” – a potentially costly and uninviting proposition.
2. If you choose not to invest these resources into telecom expense management, telecom costs can quickly inflate – often within a matter of months – and no one will be there to catch it.
So then, what’s the answer?
Without a doubt, the most beneficial thing you can do to cut down on telecom expenses is begin to understand the world of telecom so you can make truly informed decisions.