The Hidden Costs of Telecom Inefficiency: How to Reclaim Your Budget

Telecom expenses are a significant operating cost for most organizations. Too often, they’re often riddled with inefficiencies, errors, and missed savings opportunities. Businesses without a robust telecom expense management (TEM) strategy could be leaving thousands, or even millions, of dollars on the table.

Let’s explore some eye-opening statistics about telecom inefficiencies and how Valicom’s solutions can help you tackle these challenges head-on.

The Telecom Expense Problem: Shocking Stats You Can’t Ignore

1. Errors Are Costing You

Between 12-20% of telecom invoices contain errors, resulting in costly overpayments. These mistakes, whether from inaccurate billing or unclaimed discounts, can significantly impact your bottom line.

2. Billions Wasted Globally

Globally, businesses waste $65 billion annually on telecom inefficiencies. This includes payments for unused services or misaligned contracts that fail to reflect actual usage needs.

3. Untapped Savings Potential

Organizations could save 10-30% of their telecom expenses by adopting a streamlined TEM strategy. These savings can be reinvested into growth initiatives or operational improvements.

The Challenges Businesses Face

1. Lack of Visibility

A staggering 60% of enterprises struggle to maintain visibility into their telecom expenses and inventory. Without clear oversight, identifying inefficiencies or unnecessary costs becomes nearly impossible.

2. Paying for Unused Services

Around 15-20% of telecom services are inactive or underutilized, yet organizations continue to pay for them. Whether it’s a dormant phone line or an unused data plan, these charges add up.

3. Misaligned Contracts

Nearly 50% of telecom contracts fail to align with actual usage patterns, leading to wasted resources and inflated costs.

How Valicom and Clearview Can Help

At Valicom, we specialize in addressing these challenges through Clearview, our telecom expense management platform, and the expertise of our dedicated team.

Here’s how we can help:

1. Audit and Error Detection

Valicom’s team conducts comprehensive audits of your telecom invoices, ensuring accuracy and identifying billing errors. Our Clearview software detects up to 90% of billing errors, so you’re not paying for what you don’t owe.

2. Visibility and Control

With Clearview, you gain a centralized view of your telecom inventory and expenses, empowering you to monitor services, optimize contracts, and eliminate redundant costs.

3. Savings Realization

Our clients save an average of 10-30% on telecom expenses. Many business who adopt a TEM have achieved between 100-300% ROI within the first year of implementing solutions.

4. Expert Support

Valicom’s team of experts works alongside your business, handling vendor disputes, renegotiating contracts, and ensuring operational efficiency. With their guidance, you’ll not only save money but also improve processes and accountability.

Reclaim Your Budget and Drive Efficiency

Telecom inefficiencies waste more than money. They drain valuable time and resources. Nearly 40 hours per month are spent reconciling telecom invoices manually, and 80% of companies fail to track unused lines, leading to unnecessary expenses. With Valicom and Clearview, you can take control, eliminate waste, and focus on growing your business.

Your Path to Savings Starts Here

Don’t let telecom inefficiencies erode your bottom line. At Valicom, we’re here to help you achieve measurable results through our proven TEM solutions and industry expertise.

Take the first step today. Request a consultation and discover how Valicom can save your business up to 30% on telecom costs while improving visibility and operational efficiency.

Request a Consultation Today and start maximizing your savings!