Telecom Expense
Benchmarking
bench·mark - noun
A standard by which something can be measured
or judged.
In other words, how much *should* this telecom item cost us?
When you're trying to price telecom services, benchmarking data is well worth the effort
and cost to obtain.
Not only can it provide you with a clear picture of where your services
could
be from
a pricing standpoint, it also helps you make RFP savings estimates by service
type. This allows you to decide where to apply the
most effort during the RFP and telecom contract
negotiations to maximize strategic cost reductions.
Telecom benchmarking also supports the best
practice of having a goal for what you
want your pricing and contracts to look
like
when the RFP is over. That is hard to do if
you don't know what you could be saving.
The bottom line is that benchmarking is a key part of good telecom expense management. Don't go into your next
contract negotiation blind!
Valicom's Telecom Audit Teams have the experience and the industry knowledge to
get you the benchmarking data you need for your next telecom contract renewal.
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