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3 Ways We Helped Energy Companies Save in IT and Telecom (Free eBook)

Posted by Henry Cheang | October 20, 2015 2:02 PM

The Canadian oil and gas industry has been under serious pressure. Energy companies have taken cost cutting measures to weather the storm, and some decided to rationalize asset spend rather than engaging in mass layoffs. A heightened focus on IT andtelecom expense management (TEM)is an especially sustainable, recurrent way of reducing costs. In fact, our latest free eBook, “Telecom and IT Cost Cutting Initiatives for the Energy Industry” outlines how we helped energy companies achieve hard dollar savings in just one year. How did we do it?

Oil and gas industry saves with technology expense managementA summary of the savings

We always survey the full state of spending on IT and telecom assets in search of billing discrepancies and other standout items for our customers. After we finished, in one specific customer we found annual savings in: 

  1. Hard dollars – we identified $150,000 in annualized charges from billing errors and zero usage devices;
  2. Recouped costs by increasing the company’s inventory accuracy – we found approximately $10,000 in annualized charges spent on items that were not being tracked in inventory at all; and
  3. Time savings – Cimpl’s powerful automation tool allowed the company to reallocate over $50,000 in annual full-time IT employee salary to other more demanding IT tasks and projects.

These results are very obvious and salient payoffs. After all, achieving six-figure savings is not a trivial feat for any organization, especially for a time span as short as a year. The best part of this result is that a good chunk of the savings are recurring. In “Telecom and IT Cost Cutting Initiatives for the Energy Industry”, we cover this process in more detail.

Free Oil and gas eReport: Download now!  

Optimization techniques that benefit everyone

I don’t want to give off the impression that such huge cost savings are unique to this industry or to one particular customer. Far from it. Although the free eBook focuses on this particular industry as its primary illustration, “Telecom and IT Cost Cutting Initiatives for the Energy Industry” is full of examples that can be applied to other companies interested in cost savings by optimizing their Enterprise Digital Footprint.

In the end, using good IT and telecom expense management is a strategic way to cut costs. Because of the capacity for identifying recurring cost savings, it empowers customers to better understand and plan their IT and telecom spend and use. Demonstrating this fact is at the heart of “Telecom and IT Cost Cutting Initiatives for the Energy Industry”.

Everyone can use help steering through the current economic climate; if you manage IT and telecom, this eBook is for you. Read it now.

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Topics: Customer Story, Bill Shock, Cost Transparency, ebook, energy industry, oil and gas industry

Written by Henry Cheang

Henry has a lifelong passion for science and technology. This enthusiasm is put to good use in a cutting-edge software company like Cimpl. As product marketer, Henry researches market and user needs to develop user and buyer personas, contributes to product design, and helps coordinate product messaging. Henry also writes nearly the entirety of all documentation for Cimpl’s many successful platforms. In his spare time, Henry devotes much energy to family, friends, and martial arts. Henry recently completed his Master’s in Business and Administration from Concordia University, where he specialized in the study of marketing, organizational behavior, and corporate governance. He has authored academic papers on the latter two subjects; these papers form part of his bibliography of over 20 professional research publications.

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