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

How We Helped an Insurance Company Reduce IT and Telecom Costs

Posted by Caroline Le Brun | July 13, 2017 5:00 PM

Cimpl currently serves a public Canadian insurance company that provides its services to over 3 million customers. With nearly 10,000 employees and about 1,200 departments, managing MACDs became quite a challenge. Before implementing Cimpl, the company’s IT executives kept track and managed over 18,000 assets and services manually, through multiple different systems and Excel sheets. In using several different systems to organize their assets, the company often lost track of where specific assets were, leaving them uncertain about what assets they actually owned. Finding invoices and billing anomalies became an impossible feat. At the same time, the company had several vendors to track and pay.

Reduce IT costs

Some major concerns expressed by the company included  the management of its IT and telecom assets. Each employee owned multiple assets, all of which needed to be tracked. On the other hand, the company must also be aware of what’s happening with its numerous IT and telecom vendors. As a result of their previous IT and telecom management practices, they would often end up with an inaccurate reflection of what they owned and where things were located.

The insurance company became trapped in a vicious circle; they couldn’t keep track of their assets nor services, making it impossible to organize an inventory that clearly demonstrated what they owned. They finally decided it was time to break the cycle by choosing to implement Cimpl. By regrouping everything related to their IT and telecom under one centralized system, they were able to gain control over their many assets. We pulled together all of their wireless, wireline, and IT assets into a customized Cimpl portal where they could order, track and manage their assets easily. Enabled end users to order and upgrade their devices, wireline networks, and IT assets themselves, directly within the platform. AP files are generated to chargeback costs by department and business units. The software also helped create a culture of cost transparency, through allocating and tracking costs of assets to specific users.

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With our solution, the insurance company’s managers successfully gained clear-cut visibility over each employee’s individual usage, thus increasing accountability. Enforcing usage policies helped encourage employees to alter their usage behaviors and keep costs under control. With an at-a-glance dashboard, they can now easily determine audit trails and identify anomalies. By implementing automated workflows, they were able to work much more efficiently, freeing up time for employees to work on more important tasks. At the same time, incorporating automation in their workplace helped alleviate common human errors. Using Cimpl allowed them to save up to 20% of costs on wireless phones and rate plans, one of their most costly assets. Finally, management of their cost centers and IT budget significantly improved. As a result of using Cimpl, the insurance company was eventually able to increase their monthly savings to 5.5% through optimizing over-priced services, removing inactive and unnecessary features, and comparing rate plans to find the best possible contracts that provide efficient services, and cost them less.  

Cimpl is leading a revolution in IT and telecom expense management. Cimpl brings together actionable data analytics and automates everyday processes to ensure that companies know what they have and what their technology costs are at any given time. We can help you keep track of not only your Enterprise Digital Footprint (EDF), but also your Employee Digital Trail (EDT), promoting cost transparency so that you can allocate costs and encourage employees to alter their consumption behaviors. Specifically, Cimpl provides 3 key brand promises to each of our customers; 1) Cost Savings, 2) Time Savings, and 3) Accurate Inventory Management

  • Cost Savings: By using reports that detect over usage, cost spikes, zero-usage services, and by assessing your contracts and spend, we validate that you are paying as per your agreements. Cimpl helps with cost avoidance, cost optimization, and more.
  • Time Savings: By providing at-a-glance dashboards, default or configurable reports, reallocation of resources, actionable data analytics, and automation of tedious tasks, we help you save time. Employees can focus on other, more pressing tasks.
  • Accurate Inventory Management: We provide clearly defined lifecycle management, giving you visibility over all of your assets, as well as who is using what, where it is located, and how much it’s costing. All of the information required for showback, chargebacks, and for procurement is readily available.

Are you seeking a solution to help you get organized, manage your telecom and wireless expenses, as well as keep track of your assets, data, and usage? Perhaps it’s time to consider a Telecom Expense Management solution like Cimpl. Our Software-as-a-Service (SaaS) can help bring you clear ROI through saving money, saving time, and maintaining an accurate inventory.

Take a look at some of our other customer stories, with many more to come!

 If you want to learn more about what Telecom Expense Management (TEM) can do for you, take a look at our ePaper. When you’re ready to take the next step, feel free to request a demo of Cimpl, where we’ll take you step by step through our platform.New Call-to-action



Topics: Customer Story, Telecom Expense Management (TEM), TEM Software, Cost Optimization

Written by Caroline Le Brun

Having worked in marketing for 16 years, Caroline has significantly improved Cimpl’s online presence and industry recognition as Marketing Director. Working closely with analysts and highly focused on keeping up with IT industry trends, she is most knowledgeable in the realm of technology and IT expense management best practices. As a passionate, driven marketer, she works side by side with her marketing team to bring Cimpl beyond its greatest achievements.

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