Why a telecoms audit could generate large savings for your business

Published: 08/01/2019 | Last Updated: 06/04/2020

As a business owner, you’re always looking out for areas where you can cut costs, but you might not have properly considered your telecoms bill. Telecommunications can be a large expense, but necessary nonetheless.

However, it can cause a dilemma when the cost of telecoms bills seems to be eating away at your company’s finances. A telecoms audit can help you to understand your telecoms bills, and here’s why else you should take advantage of them.

Pay for what you use, not what you don’t use

It can be difficult to identify where you could make savings when looking at your telecoms bill, but with an audit, your current set up is reviewed for you. This gives you a clear picture of how your telecoms systems are used, what kind of calls you make and what it all costs. It also importantly highlights your unnecessary costs.

These costs can include unused or needless phone lines that waste financial resources. Knowing whether your money is being wasted on unused services helps you to eliminate or reduce expenditure.

It helps you to cut costs without damaging your business

It’s all too easy to panic when it comes to cutting costs and if decisions aren’t thought through, they might end up damaging your business, according to Inc. With a telecoms audit, you can be sure to receive cost cutting suggestions that won’t simply leave your company with more grief.

In fact, an audit will assist in improving your firm’s efficiency. Check out the Planet Numbers website to learn more about how your company could benefit from a free telecoms audit. With the insight of an audit, you can make smart cost cutting decisions that generate large savings.

Improve your technology systems

Your phone system and technology are crucial to making sure operations run smoothly, but how can you make the most of them? With a telecoms audit, potential upgrades can be identified that can improve security measures.

Even if you keep your systems updated and in line with new technology, an audit can give you suggestions on how they can be used most effectively. Cutting costs doesn’t always mean you have to change the way you do things – it could be as simple as merely optimising how you currently use your infrastructure.

Makes your data meaningful

If you find that you have a lot of data and no idea what to do with it, a telecoms audit could soon change this. Forbes claims that data is the most ignored and valuable asset to a business, which is why you should use it to your advantage.

An audit could identify which line extensions are being underused or overused or peak call times, all by looking at your company’s data. This means you can manage your resources effectively and make the necessary changes to cut expenses.

It gives you the foundations to create a telecoms budget

Once you have an overview of your system from the audit, you’ll gain a better understanding of your firm’s telecom needs. This, paired with recommendations can be a great basis for going forward.

From here, a good telecoms budget can be developed. You’ll know where to allocate budget and resources, making your firm more cost-efficient and thereby saving money in the long run.