According to a recent study by Gartner Group, a leading information technology research and advisory company, when it comes to telephone and data bills, an estimated $13 billion in overcharges will be generated in the next 12 months and less than 2% of these telephone billing errors will ever be identified.
Breakdown Of Overcharges
Let’s examine the 13 billion dollar per year in potential savings cited a bit more closely because as you’ll see the potential savings number in the overall telecom audit industry is actually much higher. I think that you’ll agree…Why? These statistics are estimates of only year’s worth of overcharges by the phone companies due to identifiable telecom billing errors. In the telecom audit industry, it is quite common to gain client refunds of 3-5 years back in billing history. But don’t neglect that fact that just as important to take into consideration is the next 3-5 years in future recurring telecom savings for the corporate audit client. If we look at a 6 year savings model based on these statistics (telecom savings three years back and three years forward) the actual savings numbers are phenomenal. The telecommunications cost management savings number is actually 78 billion dollars in potential recouped telecom expense savings for U.S. Companies just on their 6 year likely recovered telecom billing errors. Also consider that the $13 billion dollar amount for telecom billing errors cited in these studies does not include other forms of telecom audit savings. For example, actual savings from physical inventory findings (phone lines, cell phones and data circuits that exist in billing but are unused and unaccounted for) and telecom contract negotiation savings are not included in the research study. In summary, telecom audit companies and their clients have the potential to recoup 78 billion dollars in savings!
As a seasoned telecom auditor, the cost recoverables exist, and they are real. So if you like finding hidden treasure, now is the time to start digging up real telecom cost savings.
Get a free no risk telecommunications audit review for your business from BottaBoom today, contact the telecom audit experts here: http://www.bottaboom.com/contact-us/
Tags: Telecom Audit, telecom cost savings, telecommunications audit
September 30th, 2009 at 6:28 pm
78 Billion in telecom savings each year, simply amazing. The telephone companies should be ashamed. This is a
great recommendation for companies to take their medicine…push aside your pride and get a telecom audit. We did and saved a few hundred thousand and were able to implement a new VOIP upgrade for our company to boot, at no additional cost.