IQT Case Study on Invoice Consolidation and Savings

Case Study: Billing & Invoice Consolidation Results in Savings & Efficiencies

By utilizing our proprietary IQT360° location-based inventory process, IQT set out to improve invoicing and on-time payments to provide our client with annualized savings over $344,000. IQT can do this for you.

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Managing Telecom Inventory & Costs in a $2 Trillion Market

Author: Ann Flynn, President & CEO, IQ Telecom

This article appeared in the January 2021 AOTMP® Insights edition.

“The landscape of business, how and where we work, and how businesses support the technology needs of employees continues to undergo significant changes. Process management and the need for cost control are more important than ever and one thing is certain – “nothing will be quite the way it was.”

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Uncovering Hidden Savings in the M&A Integration Process

Author: Ann Flynn, President & CEO, IQ Telecom

Publication: Connecticut Bankers Association Quarterly, March 2021.

This article explores the specific impact that M&As can have on telecommunication expenses in a world where the number of banks is shrinking, technology is advancing rapidly, customer acquisition is fiercely competitive, and remote work is a new norm.

A recent Lexology® article cited research done by investment advisor FJ Capital Management on banking mergers and acquisitions (M&As). It indicates that M&As will accelerate by mid-2021 and continue robustly for five years. This long period of bank M&A activity is likely to result in as much as 50% fewer banks in the US over the next decade. In addition, respondents weighing in on a Datasite® survey also expect M&A activity to increase in 2021. This research points to financial and real estate services that will accounts for 22% of this activity.

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Building an Inventory, Securing Refunds, & Creating Cost Savings

The client is a national provider of physical therapy services with over 500 locations and monthly total telecommunications expenses
of approximately $200,000.

They had thousands of invoices, hundreds of locations, and knew that the phone bills were out of control. They had no insight into their
inventory or a way of identifying issues.

How did this business realize over $800,000 in annual savings?

IQT can do this for you. The powerful combination of our expertise and the IQ 360° tool provides unparalleled visibility and control over
your telecom spend, so you can focus on your business and increase your bottom line.

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IQT Drives $20M Cost Reduction for Large Financial Institution

The Challenge

Facing mounting challenges due to closures, acquisitions, and relocations of staff, the client struggled to keep up with the telecom landscape. These challenges resulted in services that continued to bill at inactive locations, new services added that were not billing contracted rates, and late payment fees that continued to erode the bottom line. There was simply no visibility into what services were where and/or their costs.

Find out how we solved this problem for our banking client resulting in $3 million cost savings the first year.

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IQT can do this for you

The powerful combination of our expertise and the IQ 360° tool provides unparalleled visibility and control over your telecom spend, so you can focus on your business and increase your bottom line. IQT’s industry experts will provide visibility into your telecommunications environment, identify and take action to realize immediate savings, and develop processes to manage and maintain inventory and costs. Contact us today to get started.

 

 

White Paper: Best Practices for Taming Telecom Costs

Telecommunication services are a major expense for businesses. This often drives a need for solutions to reduce these costs. Download our white paper for a perspective on how to tame growing telecom costs in a $1.8 trillion market.

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