What is Billing Optimization?


billingMost people ask us “what is billing optimization?”

A telecom billing optimization is a complete investigation and management of your telecom bills, combining the power of past and   future cost savings along with superior contract terms and conditions negotiation.

A telecom audit looks into past billing and finds all unnecessary charges as well as finds over billing errors. This makes sure that you are refunded all the money your company has been unfairly charged over the years. This is the foundation of your cost savings.

Here are some facts:

• 80% of Business Telecom Invoices have billing errors (Gartner Group)
• U.S. Businesses have $13 Billion/year in Telecom Billing Over-Charges. (Gartner Group) Only 2% is ever recovered!
• U.S. businesses waste over $38 billion a year…mostly due to telephone company errors (Aberdeen).
• Up to 85% of mid-market company telecom bills are paid in full and are not audited by the organization.
• When an audit is conducted, billing analysts most often examine just a small subset of invoices associated with the largest spending leaving hundreds, thousands, even millions of dollars unfound in other telecom spend areas.

LT~CRS looks into every aspect of your telecom billing, assuring that you save as much money as possible. To learn more about our telecommunications audit process, click here.

After a comprehensive audit from LT~CRS, the next stage in the process is contract management. Contract management works in tandem with our audit process. We continue to work with your carriers on a needs basis to negotiate rates on your company’s telecommunication current growth or expansion states. We deliver your company’s go-forward contracts acquiring the best rates and services for your companies continued prosperity. To learn more about contract management, click here.

Contact us today at 866-504-4050 or LT~CRS info to speak with us about engaging in a telecom billing optimization!