Finance, Banking and Insurance
Telecom Expense Management
Interest rates remain low, suppressing earnings, and so every dollar of expense matters. IQ Telecom’s expertise helps banks, financial institutions and the insurance sector recover maximum savings and keep their telecoms under control.
Know What You Are Spending
Savings in telecom expense go straight to the bottom-line and earnings, enabling IT to deliver improved financial results for the company, so we constantly look for ways to help clients reduce costs. In addition to full telecom expense management, IQ Telecom can help finance, banking and insurance enterprises to fully manage their telecoms, including asset inventory, contract management and error reduction.
Software You Can Count On
Banking clients love the ability to track IT and telecom costs for individual branches and benchmark against one another. Meanwhile insurance clients appreciate the ability to track total costs assigned to remote employees for clear visibility into remote costs.
Full Service | Savings
Our comprehensive IQ360° software is a valuable part of our service, but, crucially, it is delivered as part of a full telecoms-lifecycle service. Dedicated, named resources maintain constant scrutiny on your account, and ensure you’re getting the greatest bang for your buck.
Hands On | Management
We watch the bottom line by validating each charge against contract rates, before payments are made. If inconsistencies appear, we’ll initiate inquiries and disputes to reconcile charges and recover costs, increasing your confidence in the payment process.
Supporting IT Transformation Projects
Though the banking sector is currently in good health and the insurance industry is flourishing, keeping costs in check and getting the most from IT spend is a must.
And when times are good, business transformation is possible. Supporting your strategic IT project with a successful TEM program creates savings and helps you free up the budget necessary to invest without impacting earnings.
Over $3M in Telecom Costs Saved For Banking Client
A Fortune 1000 banking institution company engaged IQ Telecom to consolidate and audit its telecom landscape. With IQ Telecom, the enterprise has been able to view all costs in real-time, dispute invoices that were incorrect and save over $3 million dollars alone in just the first year.
Ongoing auditing continued to identify billing errors and eliminated unnecessary and/or redundant services, resulting in a three-year reduction of over $20 million. In addition to bottom line cost savings, the customer gained full visibility into services at each of their locations. This enabled them to make timely decisions about infrastructure and maintain budgets.
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The Essentials
Just a little information can help us give you an estimate of what you can save with IQ Telecom
How are your telecom invoices processed for payment?
How are your your voice & data services ordered and/or disconnected?
Is your company planning or undertaking any of the following initiatives?
Which, if any, IT projects are planned or underway?
Have you or anyone else audited your telecom spending?
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Summary
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Keeping Banking Telecom Expenses Under Control
Organizations work with IQ Telecom for a comprehensive but seamless service that produces significant savings. For a telecom management service that really delivers, and understands the complex needs of enterprises within the finance, banking, and insurance sectors, get in touch with IQ Telecom now.
Organize in one System
For banks, change is a constant. New branch openings, moving premises, acquisitions and establishing branches inside other businesses can lead to unorganized telecom inventories that are also unmanageable. IQT360° centralizes inventories for you.
Keep more Profit
Managing and tracking all telecom expenses is far from a standard challenge for enterprise financial organizations. IQ Telecom not only organizes invoices; we also actively look for savings, reduce your billing errors, manage contracts and other areas of improvement.
On Target Budgets
Taking your telecom expenses in hand can boost your bottom-line, or even fund business transformation, and put an end to your budget constantly being sunk into running costs. Our service is designed to lift your burdens and help you keep building your enterprise.
Our team has decades of experience working with corporations just like yours to manage their telecom expenses efficiently and progressively. We are standing by to help you get the answers you need in order to understand fully what our system and team can do for you.
We guarantee at least 10% Savings, you can start risk free.
