Unlocking Telecom Savings for Canadian Businesses

In today's complex digital landscape, managing telecom costs is a constant challenge for Canadian businesses and public institutions. With a staggering $23 Billion spent on telecom services in 2021, the financial burden is clear – as is the need for cost-saving strategies.

To tackle this issue, Finance & IT departments must closely examine telecom spending. Expense Defence provides the solution, helping our clients reduce their telecom fees by up to 40% without any change to their vendor relationship.

The Telecom Landscape

The $23 Billion annual expenditure on telecom services underscores its critical role in everyday business operations. From customer service calls and virtual meetings to secure transmission of sensitive documents, businesses depend heavily on telecom services to function efficiently. As a result, this essential service represents a significant line item in many organizations' budgets.

Identifying Savings Opportunities

Many companies are paying for outdated service packages that may include unnecessary features, or they might be missing out on volume discounts they are eligible for due to the scale of their operations.

Expense Defence analyzes monthly statements to identify inefficiencies and areas where expenses can be trimmed without sacrificing service quality or bandwidth. We renegotiate expenses, tailoring services to actual usage and needs, generating significant savings.

Case Study: Multi-Location Restaurant Chain

Renegotiation of telecom rates and agreements resulted in savings of over 80% in landline and 70% in mobile costs. This was accomplished by eliminating underutilized, excess and redundant services to “right-size” the telecom footprint and negotiating better rates on the updated solution chain-wide.  To date the chain operators validated that they have saved in excess of $300,000 in billing fees with the same service and provider.

Implementing a Savings Strategy

For business operators looking to implement telecom savings in their organizations, consider the following steps:

1.      Audit Existing Contracts: Review current telecom contracts to understand service terms, fees, and expiration dates.

2.      Assess Usage and Needs: Evaluate actual usage statistics versus services paid for. Identify discrepancies or opportunities for downscaling.

3.      Engage Experts: Partner with Expense Defence auditors to leverage our expertise and industry contacts to negotiate better terms for you.

4.      Monitor Regularly: Telecom needs can evolve rapidly. Regular monitoring and adjustment of telecom services are crucial to ensure the enterprise operates efficiently and at optimal expense.

Securing Savings

While the potential savings are compelling, executing a telecom expense reduction strategy can be challenging.  Overcoming obstacles line contractual lock-ins and complex telecom tariffs requires a combination of expert negotiation skills, a deep understanding of telecom technologies and a strategic approach to vendor management.

In today's cost-focussed environment, every dollar returned to the business drops right to the bottom line. Optimizing telecommunications expenses is not just an opportunity; it's a necessity. Taking proactive steps to manage and defend against excessive telecom costs can result in substantial financial benefits, enhancing the overall profitability and operational efficiency.

A partnership with Expense Defence represents a simple strategy for significant savings. Call (416) 568-8495 or visits www.expensedefence.com to start saving today!