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Sourcing is the process that company’s use to research and select vendors. This process includes understanding the specific attention your telecom environment needs, creating an RFP that will help you best understand what each vendor has to offer, analysis of the bids...
Telecom Contract negotiation can be tricky. It can also save you money you would otherwise be spending. And this is why companies go through the motions of negotiating contracts with their telecom vendors. Unfortunately, blind negotiation won’t get you far. If you feel lost and frustrated when it comes to contract negotiation, you’ve come to the right place.
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Telecom invoice top the list of some of the most complex and convoluted invoices around. What’s sad is that part of this confusion is by design. The sad truth is that carriers are counting on your organization not reviewing invoices at all. And that’s where it gets expensive.
Telecom contracts are long and boring. They outline the terms and conditions of the agreement, the prices that are to be paid for each type of service and device. And then there’s the pages upon pages of legal-ease, line after line of language that is difficult to translate or even understand. Do telecom contracts have you stumped? Have you ever combed through the minutia? When it comes time to renew and resign, reviewing your existing contracts could very well be worth your time and energy. Why? Negotiation!
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.
Don’t leave money on the table. Negotiating telecom contracts is supercharged with a TEM firm.As a business owner, you want the best for your company… while also keeping extra expenses at a minimum. Maybe the do-it-yourself approach has worked for you in the past. But last year you let your wireline contracts expire and they auto renewed, at a different (and higher) rate. Whoops!
How can I reduce my telecom spend? That moment you open up a telecom invoice, and see exactly what is due next month. Your telecom spend is out of control – and you don’t quite know how to get it back in order, or where you even went wrong. Your staff has the devices they need, and the contracts were painstakingly reviewed and negotiated by your team
You may have missed some of our top TEM resources and tips! Here are a few of our favorites from the last few months. Whatever your learning style – we have something that will suit your telecom knowledge needs!
Valicom offers the absolute smorgasbord of telecom services! Our a la carte service menu options means that you pick only the telecom expense management (TEM) services you want and need. Our mission is to help our clients reduce their telecom expenses. We do this by offering robust telecom contract and invoices services. Mix and match them. Every telecom environment is a little bit different.
It’s all about finding the right fit. For your organization, and for your telecom environment. In today’s blog we outline the RFP process in five steps.Seeking telecom expense management tools or services? The best way to find the vendor that is the best fit for you is to publish an RFP. Today we outline a few steps and provide a RFP template for TEM.
Now Available! Watch on your schedule.Last week we had a great turnout for our webinar “Unlock Savings: Finding Telecom Inefficiencies”. The webinar was designed to assist in streamlining TEM processes for in-house telecom managers and telecom business consultants.
A telecom contract controls not only price, but terms and conditions, over a long period of time. Long distance rates, mobile data and minute pooling options, internet package pricing and device purchase costs all affect the bottom line. This means that getting the lowest cost, most flexible agreement possible is one of the very best ways to save money on telecom.
When conducting telecom contract negotiations, large businesses know and expect to scrutinize all areas of those contracts prior to signing them. They not only review the contracts for pricing negotiation, but also for terms and conditions negotiation. The latter, the so called “T’s and C’s”, are what we often see small and medium size businesses overlook. Whether you feel it’s unimportant, or that the contract value is too small, you still have the opportunity to scrutinize this verbiage, and it can often be in your best interest.
It’s easy to see that when you remember the telecom vendors are in business to make money. YOUR money.In other words, they are good at this, and maybe you aren’t.So either get someone experienced to the negotiating table with you, or at least put a game plan in place so you have the time and the information to make an informed decision. Here is where to start:
Are you in charge of reducing business costs by negotiating your telecom and data contracts? If so, you may be wondering if you are being offered the lowest rates.The standard for your industry has been set by benchmarking, how else do you know how you stack up against the competition? Why not take the same approach to further help reduce your telecom expenses?
