Telecom Audits Hit Home as Companies Struggle to Reduce Costs

Posted by admin on May 9, 2014 in Liibertarian |

Framingham, MA (PRWEB) March 17, 2009

In today’s challenging economic climate, more and more companies are being pressed to find ways to reduce costs and maximize staff efficiencies. With telecom costs topping the list of corporate expenses, many executives are turning to telecom cost reduction strategies to find immediate ways to drive down costs. As a result, AnchorPoint, the leading provider of integrated Telecom Expense Management (TEM) solutions, has seen an increase in customer requests for telecom audit services as part of their overall telecom cost reduction initiatives.

AnchorPoint’s Audit Services offer several options for kick-starting cost containment, including a one-time historical audit of telecom vendor bills and several contract negotiation services. In addition to recovering money from prior vendor billing errors and identifying competitive rates for services, AnchorPoint’s consultants also use the AnchorPoint award-winning software to identify and isolate cost avoidance opportunities that go beyond vendor billing errors.

AnchorPoint’s Audit Services programs are designed to maximize past and future savings and offer the foundation for on-going TEM lifecycle management. They guarantee that clients maximize their savings by understanding their current services and billings and ensuring they are paying the most competitive rates for only the services they need.

“Many companies find that the immediate savings from a telecom audit is the first step in a comprehensive spend management strategy,” said John Venditti, Vice President, Consulting Practice. “Generally initial savings are found through incorrect vendor billings, but by going beyond that low hanging fruit and analyzing services and spend trends, a company can reduce or eliminate unnecessary forward looking expenses as well as recovery past billing errors. A typical telecom audit of voice, data, and wireless services can generate 5 to 15 percent savings in just a few months.”

John continued, “Let’s consider a company with five million dollars in annual telecom spend. Through an audit, that company can realize $ 250,000 to $ 750,000 in real savings. These real dollars immediately improve the bottom line and can help protect an already reduced budget from other cost cutting measures.”

AnchorPoint’s Quick Wins & Sustained SavingsSM programs offer Audit and TEM Services to help identify immediate savings opportunities as well as options for long-term expense management strategies. AnchorPoint is a division of MTS – Mer Telemanagement Solutions Ltd. (Nasdaq: MTSL), a global provider of Telecom Expense management solutions and customer care & billing (CC&B) solutions.

AnchorPoint audit engagements can be contracted as a standalone service or as part of a comprehensive TEM engagement that also includes automating the ongoing management of telecom costs. For more on AnchorPoint Quick Wins & Sustained SavingsSM programs please visit AnchorPoint Quick Wins.

About AnchorPoint

AnchorPoint (http://www.AnchorPoint.com) is a leading provider of Telecom Expense Management Solutions that enable enterprises to gain visibility and control of strategic assets that drive key business processes and crucial competitive advantage. The company’s award-winning software, consulting and managed services solutions – including integrated Invoice, Asset, and Usage Management and Business Analytics tools — provide professionals at every level of the organization with rapid access to concise, actionable data. Armed with this knowledge, they can make smart operational and financial decisions that maximize the performance of core assets and services. From reducing costs and optimizing resources for superior ROI; from allocating budgets to ensuring regulatory compliance; from purchasing to payment; and everything in between, global leaders rely on AnchorPoint for absolute control over bottom line results.

AnchorPoint is a division of MTS – Mer Telemanagement Solutions Ltd. (Nasdaq: MTSL), a global provider of Telecom Expense Management (TEM) for comprehensive telecommunication management and Customer Care & Billing (CC&B) solutions. Headquartered in Israel, MTS markets its solutions through wholly owned subsidiaries in the United States, Hong Kong, The Netherlands, and Brazil, as well as through OEM partnerships with NEC, Siemens, Phillips and other vendors. MTS shares are traded on the NASDAQ Capital Market (symbol MTSL). For more information please visit the MTS web site: http://www.mtsint.com.

Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulations, dependence on third parties to manufacture products, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission.

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