Effective cost management is crucial for business leaders aiming to optimize their infrastructure investments. Here are some key strategies to consider when looking at telecommunications cost savings.
Addressing Phantom Connections
One of the most overlooked areas in telecommunications cost management is the issue of “phantom connections, or Ghost Connections.” These are circuits that were never disconnected or were disconnected but never removed from the bill. This oversight can lead to significant unnecessary expenses. Regular audits of your telecommunications infrastructure can help identify and eliminate these redundant circuits, ensuring that you only pay for the services you actually use.
Embracing Newer Technologies
Legacy technologies often come with higher costs and lower efficiency compared to modern solutions. For instance, transitioning from traditional MPLS networks to SD-WAN (Software-Defined Wide Area Network) or adopting Internet on Demand services can provide better performance at a lower cost. These newer technologies offer enhanced flexibility, scalability, and cost-effectiveness, making them a smart choice for forward-thinking business leaders.
Annual Contract Audits
Conducting annual audits of all telecommunications contracts is another effective strategy for cost management. By reviewing contracts regularly, businesses can renegotiate terms, eliminate unnecessary services, and ensure they are getting the best possible rates. Bridgehead IT experts have help clients achieve an average savings of up to 19% after a thorough contract review. This not only helps in cost reduction but also ensures that the services align with the current needs of the business.
POTS Sunset
With the announcement from providers that POTS (Plain-Old-Telephone-Service) is no longer profitable, and the providers now starting to shut down this older technology, customers are seeing spikes in costs for these services. What use to cost around $20 – $40 dollars per month, is now costing some customer’s upwards of over $800.00 per month. Transitioning these services to other technologies, such as VOIP (Voice-over-IP) or Wireless services, can help your company save significant money, and provide better flexibility to your environment.
The Takeaway On Telecommunications Cost Savings
Effective cost management in telecommunications requires a proactive approach to identifying and eliminating unnecessary expenses, embracing modern technologies, and regularly auditing contracts. By implementing these strategies, business leaders can optimize their telecommunications infrastructure investments, leading to significant cost savings and improved operational efficiency.
For businesses looking to achieve these goals, at Bridgehead IT we offer expert services to help you streamline your telecommunications setup. With our comprehensive audits and cutting-edge solutions, you can ensure your infrastructure is both cost-effective and future ready.
Trust the Bridgehead IT Dream Team to guide you towards smarter, more efficient telecommunications management. Contact us for a no-cost consultation.
