Get a look into competitive costs across the board with telecom benchmarking
bench·mark – noun
A standard by which something can be measured or judged.
In other words, how much *should* this telecom item (wireless, wireline, hotspot, pager) cost us?
When you’re trying to price telecom services, accessing benchmark pricing data is well worth the effort and cost to obtain. This data will paint you with a clear picture of where your services could be from a pricing standpoint, and also helps you make savings estimates by service type.
We live in a world of acronyms, why do we shorten to make words more complicated. RFP stands for Request For Proposal. It’s not a scary word! When you have the right information in the your back pocket, the RFP can be a hugely rewarding project both in the short and long term. Access and information from price benchmarking will allow 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. Setting these goals is a hard task if you don’t know what you could be saving.
Putting it all together.
The bottom line is that benchmarking is a crucial part of good telecom expense management. Don’t go into your next contract negotiation blind! Learn more about the positive and negatives, the costs and benefits, of going to RFP in this blog post.
Valicom’s Telecom Audit Teams have the experience, industry knowledge, and swagger to get you the benchmarking data you need for your next telecom contract renewal or RFP. Tap our team of telecom experts to gain critical insight into what your organization should be paying for your various services!