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?