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At a high level, there are three types of audits: internal, external, and IRS. Of course, you have no control over when the IRS comes around, but the right mix of internal and external checks can help you keep your costs under constant scrutiny while keeping your books in order — which can't hurt if Uncle Sam does decide to take a dive into your telecom records.
Let's take a look at internal and external audits, which you can control and use to monitor your telecom spend.
When it comes to telecom audits – we have seen a major shift within the last year. It seems more and more businesses are attempting to wrap their arms around their telecom inventories and spend. All companies from small individual ownerships to large corporation are looking for areas to cut costs in every aspect of business. Telecommunications can be a large but absolutely necessary expense.
We’ve seen a big uptick in interest in audits and inventories in the last year, and we predict that interest will continue into 2015. It’s detailed and tedious work, that you can do internally – but you may not have the time, resources or expertise to be doing it to the full capacity. Because to the untrained eye, finding billing errors in mounds of invoices….
With 2015 budgeting looming on the horizon, it’s time to take your expense management to the maximum. What did you spend in Quarters 1-3? Which cost centers monopolized your telecom budget, and which devices went unused?
As we discussed in our last blog post on telecom management pain points, telecom invoice auditing is a major headache. New cloud telecom expense management software tools make that management process easier, and we wanted to show a case study that illustrated how various telecom management services can be bundled together to build a custom solution around your needs.
Think the Great Recession is over? Not for CIOs. For the second year running, business productivity and cost reduction was the No. 1 concern of CIOs, CTOs and IT executives in the annual CIO survey from the Society for Information Management — and by a wide margin, according to Jerry Luftman, who has conducted the survey for SIM for the past 10 years.
