Telecom Supplier Cost Management

Managing costs for third-party telecom suppliers is critical for ensuring financial performance, especially in multi-national, complex customer, or agency environments. Telecom validation functions are  subject to cost reduction targets, making do with less,  and outsourced service providers. Synaptitude works with clients to reduce existing network costs from third-party telecom suppliers, and improve cost management processes to ensure continuing cost controls and contract profitability.

Solutions

Many cost management organizations utilize processes that have been developed over time. Processes are often duplicative, not optimally efficient, or may not meet regulatory requirements. Further, as suppliers change cost management functions may not be ideally structured for validation and management of current network costs and invoices.

In wholesale-focused businesses, up to 70-80% of costs can be a result of telecom access costs from third-party suppliers. Local suppliers may take advantage of the telco's limited availability for managing up to millions of network components across their network, or may simply be sloppy in their record keeping, resulting in unwarranted costs on supply invoices.

Synaptitude delivers expert services to analyze, diagnose, and improve cost management functions. Our practitioners compare existing processes to best practices, industry benchmarks, and key performance indicators. We are able to immediately identify areas of potential savings, and then create a roadmap and implementation plan to achieve best-in-class capabilities. We work closely with client organizations to ensure successful implementation, and to ensure that target benefits are realized.

Benefits

• Immediate and ongoing reduction in costs from third-party network suppliers
• Increased efficiency in cost management operations
• Better visibility of contract profitability
• Increased ability to support new products and services
• Consolidation of operations
• Improve business continuity capabilities
• Eliminate single points-of-failure
• Assurance of proper controls
• Meet regulatory requirements