TEM for Hospitality
Why is Telecom expense management so important in the hospitality industry?
Leading the hospitality industry requires exceptional communications to seamlessly manage staff, scheduling and supporting the needs of each individual guest. Whether your hospitality company floats on water or expands across the globe on land, telecom expense management will provide visibility into your telecom environment and save you 15-30%.
With inventory Management and a comprehensive audit, you will benefit from:
- Spend savings of 15-30%
- Visibility into telecom inventory
- Complete mobile and wireline control
Valicom in Hospitality
The hospitality client approached Valicom in need of a large scale, comprehensive WAN audit and inventory overhaul. With over $50 million in annual telecom spend, the client was having a hard time accounting for, and controlling, their budget year over year.
The client’s initial focus was on their WAN inventory to address a significant over expenditure. They sought assistance identifying potential billing and contract compliance issues along with other cost reduction opportunities. By deploying Valicom’s TEM services they hoped to understand actual costs and build a strategy to control these costs moving forward.
After Valicom itemized their telecom inventory, they conducted a comprehensive billing audit and reviewed existing contracts for compliance – resulting in $1.2 million in savings. The savings continued to impress, reaching over $6.2 million to date.
To find out how Valicom's telecom expense management can benefit your hospitality organization, request a risk-free consultation.