HOW CAN BIG-DATA SAVE YOUR BUSINESS

Running a successful business requires a lot of work and strategic decisions. A business should have both profits and expenses, but a successful one will have more profits. If you have more expenses, then your company is in trouble.

If this situation is your reality, it is possible to claw your way out. How you may ask? Well, to start, you can cut non-essential expenses with the help of big data.

What Does Big Data Mean for Businesses?

Simply, it means you now have the tools to do better.

When you start using big data, you start making decisions on actual facts because you can see trends and gain insight. When it comes to telecom and IT, you see real facts about your assets and usage. It can tell you about unused devices, which, in turn, will help you decrease IT expenses. You can then implement more effective resource planning and management. Unlike a vendor who may not disclose this information, big data reveals your current circumstances so you can make informed decisions.

Speaking of IT vendors and carriers, big data decreases your dependence on them. As one of an organization's advisors, clients are dependent on vendors to help them make sense of telecom and IT. However, these two parties have completely different agendas that don't necessarily align. Stats speak for themselves, and big data can tell you what needs to be fixed and adjusted.

When you have facts and a better idea of your IT situation, you can start creating and setting better policies that will help reduce IT expenses further. Big data can show you instantly how devices are being used by your employees. For example, big data can show you employee mobile usage. Is it acceptable that your employees are taking their mobile work devices on vacation with them and using cellular data in Mexico? Probably not. If you learn that unacceptable use is occurring, you can create policies to fix problems and lower expenses at the same time.

What Can Businesses do with Big Data?

Big data is highly beneficial to organizations, but they need to know how to interpret it and turn that into cost reduction. HPCI has partnered with SpikeFli Analytics providing big-data analytics technology that can do that and pinpoint exact spending to help manage IT expenses. Through a visual organization chart, we can slice and dice data allowing CEOs or high-level management to understand exact costs and percentages increased or decreased based on specific departments. You can know exactly where your telecom or IT spending is coming from.

HPCI also offers asset mapping—a tool that helps you understand costs based on their location on a map. With one click, you can instantly know what your costs are based on where they are in the world. This information is powerful insight for both IT departments and financial executives.

When businesses have big data, they have a survival tool. They have a reduced dependence and the facts to make cost reduction a reality. HPCI can help your business use big data to lower your telecom and IT expenses. Contact us for more information. 

FOUR BENEFITS OF OUTSOURCING YOUR TELECOM VENDOR MANAGEMENT

Outsourcing. It seems like everyone does it, but should you?

Are there any benefits at all, or would it be easier to tackle it in-house? IT vendor management can be a tricky area for businesses. If you have good relationships with your vendors, you don't want to offend them even if you think you could get a better price. That's why you need someone to manage your vendors on behalf of your company for telecom contract negotiation.

Let Someone Else Manage Your IT and Telecom Vendors

It can be hard to let go of a part of your company and have someone else take care of it, or is it? After you read these benefits of outsourcing, you'll be asking where you can find someone to do it!

1) You get strategic expertise: Your company excels at its core business—whatever that may be. You're so good at what you do because your employees devote their time to making the company successful. You don't have the time or the resources to become an expert in another industry that isn't directly impacting your core business. When you outsource your IT and telecom vendor management, you'll benefit from someone else's strategic expertise where vendor management is their core business.

2) They're negotiators: A third party who specializes in telecom and IT vendor management is pro at negotiating on behalf of companies. HPCI has negotiated hundreds of contracts valuable to both big and small businesses. With this experience, they have more insight into cost reduction avenues and ways to leverage your company. If done in-house, you may not get the best price in your telcom contract negotiation.

3) A reduced dependence: When it's just your company and a vendor, you rely solely on the vendor for facts related to the actual impact of their service on your business. If you have a third party managing your vendors, they'll tell it to you like it is. You'll know precisely whether the vendor is beneficial to your business or not. The outsourced company will also present these numbers to you in a way that you can understand thoroughly.

4) Better technology: When you outsource vendor management, that company will have the technology tools specific to vendor management. If done in-house, the technology you may be using won't be the best at explaining why you're spending what you are. When you have the right tools that explain the details of your invoice, you have a better sense of your spending. HPCI's platform will give you detailed insight into usage, assets, and contracts, allowing for more effective decision making.

When you outsource your telecom and IT vendor management, you benefit from the expertise of a company that specializes in an area you don't. You'll receive unbiased info, benefit from better technology, and benefit from pro negotiators. HPCI is vendor/expense management company that specializes in negotiating and managing corporate IT and telecom contracts. We focus on cost reduction and creating internal efficiencies for our clients. Contact us to start saving your company money.

GET TO KNOW THE HPCI PLATFORM

A business can’t be a business without the necessary systems to sustain its operations. To work well, you need to have computers and other hardware to compile reports; create presentations, and complete tasks.

You also need IT management and a network which employees can join, use to send emails, and conduct research if need be. Then there’s one of the most important systems a business needs—communication. You need phones, whether they’re mobile or in office, to communicate with both clients and employees.

When you put all these systems together, you have a foundation upon which a business can thrive and grow.

However, these systems aren’t free of costs. It takes money to fix a computer when it goes down; to upgrade network infrastructure when the business grows, and to replace old or lost mobile devices. When your business really starts expanding, these systems will cost you more money as you grow your client base and increase your number of employees.

Subsequently, you’ll see an increase in both revenue and expenses, and you’ll be looking for ways you can increase the margin between the two. That’s when you’ll look internally and put your business under a magnifying glass. The easiest way to increase your profit is to decrease the costs of operating your business.

So, you turn your attention back to your systems. You have hardware, you have IT, and you have telecom. The hardware has already been purchased, so there’s nothing to be done there. IT and telecom, however, are more about service costs, so how do you go about reviewing those costs for efficiencies?

First of all, you need to look at the information (contracts and invoices) you receive from your telecom and IT vendors. It’s normal for businesses to have several of these vendors, so you could find yourself looking through pages and pages of documents that you can’t make heads or tails of. That’s your first problem as you need to understand exactly what you’re reading, so you can make an informed, strategic decision. If you make decisions without understanding what you’re doing, you’re headed for a world of trouble. HPCI can help you.

Gain Insight with HPCI’s Cost Reduction Platform

HPCI is a vendor and expense management company that specializes in negotiating and managing corporate IT and telecom contracts. We get our clients the best contracts at the best prices, and usually save them between 30-40% of their original telecom and IT bills. How do we achieve that? We use our unique, one-of-a-kind technology platform to show customers exactly where all their IT and telecom dollars are being spent.

What’s so special about our platform? Let us tell you.

Our platform uses big data analytics to find trends in your telecom and IT spending, giving you insight into business areas that can be foggy. It eliminates the need to access multiple vendor portals to get all your information, and, instead, acts as one source of truth. From this one dashboard, you’ll see the reality of your telecom and IT spending.

It will provide you with an ‘apples-to-apples’ comparison of all your telecom and IT vendors, so you’ll know in an instant which ones are costing you the most money. It will give you multiple vendor data sets in one format, eliminate the need for endless spreadsheets, and eliminate the need for data analysis and presentation creation. Instead, our technology platform can generate instant reports for all levels of your business, which can all be exported in pdf or excel formats. What business wouldn’t want that?