5 Statistics to Convince Your Executive Team It’s Time for a Telecom Audit
A telecom audit entails a review of an entity’s telecommunication expenses to identify areas they may be overspending. The process allows auditors to......
10.22.2021
Telecom & Wireless
Overview
Telecom Audit
A telecom audit examines the telecommunication expenses of a business. It points out areas where the company might be spending more than necessary. Telephone, internet, wireless service bills will be examined for inaccuracies. Every year, many companies reap thousands of dollars in savings by resolving inaccurate charges detected during a telecom audit.
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Large companies often lose track of usage details due to managing multiple telecom providers. Telecom audits provide a valuable service by uncovering errors that can lead to reimbursements from providers. These audits also help identify duplicate services and unused subscriptions that the company is still paying for. By canceling these redundant or unnecessary services, businesses can achieve substantial savings
Util’s process kicks off with the review an initial data set comprised of invoices, and related contracts. Util then communicates with the provider(s) to obtain historical usage data.
In addition to the application of proprietary knowledge and methods, the following bullet points outline some of the steps performed throughout the detailed audit process:
- All lines were analyzed to identify excess or under-utilized lines of service that could be eliminated.
- Local and long-distance calling plans, as well as systems, were reviewed to identify
- Analyze telecommunications use tax as it pertains to each entity, and advise on potential for cost savings, and refunds.
Wireless Audit
The following bullet points outline some of the steps performed throughout the detailed wireless audit process:
- Device purchase and lease contracts were analyzed to assure that the most up-to-date technology is in use for the cost
- Device features were reviewed to identify excess spend
- Mobile data to devices such as tablets and hot spots were reviewed to assure the organization is making the best use of deployed technologies
- Data plan configuration was reviewed to assure that pooling of is being administered in the most cost effective and efficient way
- International calling from the US, as well as calling abroad was reviewed to assure that devices making these types of calls have appropriate plan features to deliver savings.
Our Process
Consult
Access 16 cost-saving solutions spanning 4 subcategories (Utilities, Contract Services, Financial Services, and Commercial Real Estate). There is often one, or more, areas in which we can aid our clients.
Audit
Util Auditors deploys proprietary knowledge, methods, and superior technology to thoroughly analyze invoices and services for errors, anomalies, and inefficiency in billing. Clients can login to track the progress of each audit, at each location, in “real time” using our Client Portal.
Advise
An interim report of findings can be downloaded at any time during the audit process through your uView™ Dashbard. A formal report of our audit recommendations is provided by Util Auditors on every audit project.
Deliver
Where some audit firms simply make recommendations, Util Auditors will assist you to implement the cost savings and obtain the refunds that we identify. We will act as your project lead, completing paperwork and compiling claim documents for your review that are required to realize the benefit of what we propose.
Achieve
As a contingency-based service we only invoice for cost savings and refunds if, and after, the client realizes them.
Relevant Insights
Why You Need a Telecom Audit as Workers Return to the Office
When workers return to the office following many months of a COVID-19 shutdown, it’s good to get a fresh start. Putting the office......
10.03.2021
5 Benefits of a Telecom Audit For Your Business
Expenditures on telecom (telephone charges and internet) are inevitable. Every business organization needs effective communication to guarantee success. Employees need to communicate with......
07.29.2021
Services You Can Trust
At Util Auditors, we are passionate about serving our clients, increasing operating efficiency and cutting costs. We treat each client the same to identify cost saving opportunities, and provide the absolute best solutions. It is this consistency and commitment that allows us to continuously exceed the expectations of our clients.
We have provided cost reduction services as well as utility refunds to over 275 clients including Fortune 100 and 500 companies.