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Cimpl Blog

Your Weekly Insights on How to Manage your Enterprise Digital Footprint.

Goods Ways to Cut Business Costs in a Couple of Clicks

Posted by Caroline Le Brun | April 18, 2013 11:15 AM

Small changes can reduce expenses and improve profitability for businesses

That is what John Tozzi wrote recently in the BloombergBusinessWeek. He suggested 10 ways  to help companies to trim costs without touching their core business. For example he talked about reducing energy use by switching to economic bulbs, or finding cheaper places to pay less rent by moving or renegotiating term leases. Well I agree, you can even check and cut your travel expenses, buy second hand equipment and furniture or pay your invoice early to avoid extra fees. But if I wanted to cut costs in my business I wish I could start without really changing everything. Tozzi says "Keep only supplies you need in stock to reduce overhead". Now you are talking! Telemanager savings

What is really interesting is that in all he suggested one out of three points is provided by Cimpl, our software platform.

He strongly advises to manage the inventory, to audit assets and cut tax bills. Indeed, it is difficult to have full visibility of what you own nowadays. Thanks to Cimpl, you can effectively Take Back Control on your spending and know what you have, where it is and what it costs you.

Sounds good? That is not all...

Even more, each employee can now be empowered to access through the Cimpl dashboard their cost and usage data by department. Alerts of potential savings opportunities can be flagged, for example when services are no longer needed. This visibility provides a clear picture of the organization's spending trends and inventory. With a central solution that specifies internal decision rights and the accountability framework, it encourages self-management. Hence, it is a good way to implement rule-based controls and save valuable money!

When it comes to tax savings Cimpl turns out to be a great partner too. Indeed, you should know that wireless is in a unique position in regards by which services are delivered to the end user and how those services are billed to corporations. Awareness is key. Certain conditions apply to eligible organizations. Some tax rules affect only wireless service costs and they specifically involve federal and provincial tax recovery. You may find a way of saving money here. Moreover, Cimpl's telecom expense management software is tailored to comply with Canadian and US financial regulations and implements all tax changes and updates in its reporting.

Bank Case study on Expense Management


Related articles:

Topics: Company Culture, Telecom Expense Management

Written by Caroline Le Brun

As a 16-year marketing veteran, Caroline’s experience extends across multiple industries. Since she joined Cimpl, her successful marketing campaigns have increased the company’s online and community presence, in addition to Cimpl’s footprint and appearances in new or traditional media (such as the Globe and Mail). Caroline is a specialist in communication and social media. She works closely with analysts to keep track of and adapt to the trends and changes in the industry of IT: Technology Expense management, IT cost optimization, Technology trends. Her leadership conducts Cimpl’s marketing team toward ever greater achievements. Caroline is also an exemplary citizen. Outside of work, she is involved in TEMIA, the Dorval Day Camp, and other community organizations. She has a Bachelor’s degree in Commerce from Concordia University and a Master Certificate in Integrated online Strategies from the University of San Francisco Intensive Development program.

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