The Business Analytics feature of iTEMize’s flagship Telecom Expense Management solution greatly enhances enterprises’ ability to recognize trends in collated data and to derive much needed perspective on key issues concerning communications cost. Armed with this useful information, enterprises in turn can make effective decisions and eliminate any unnecessary costs involved.
This analysis was included in the latest edition of the cartoon series, “The Misadventures Of Telco Bill,” where the company shows how Anne L. Eyes uses the Business Analytics function in the Telecom Expense Management Software to bring forth the redundant costs hidden within the Telco Bill.
Peter Callowhill, co-founder and chief executive officer at iTEMize, using the Anne L. Eyes illustration, highlights how many reputed service providers actually end up making enterprises pay more than their due via hidden costs. Most enterprises are crippled without any of the capabilities of delving into the billing data in detail, looking at past trends and revealing these inconsistencies, thereby leaving them prone to needless business risk, he said.
“iTEMize offers businesses the ability to transform information assets into true competitive advantage,” Callowhill said in a statement. “Along the way, they can obtain actionable reporting of telecom costs, generate solid documentation for dispute resolution, and maintain the integrity of their telecom budget -- all necessary for competing effectively in the global marketplace."
Callowhill further cited the example of a particular financial institution which was able to significantly reduce their telecom bills using the business analytics capability of the software. This company’s very reputed service provider had in fact double charged them for mileage on various billable circuits over a number of years; the net result was almost a million dollars in excess payments.
The software helped the enterprise to recognize and robustly record this long term billing behavior, in turn allowing the company to ensure better liquidity in working capital and improve the efficacy of the budgeting process. The enterprise managed to get a billing credit of $1 million from the provider and reverse the excess billing.
iTEMize Technologies enable their clients and associates across the globe to get direct cost savings, achievement of management objectives and greater visibility with its online telecom expense management solutions. Its solutions are compatible both for fixed and mobile telecom services.
Carolyn J Dawson is a Contributor to TMCnet. To read more of her articles, please columnist page.Edited by
Amy Tierney
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