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Why Does the Energy Industry Need IT and Telecom Expense Management Right Now?

Posted by Henry Cheang | September 30, 2015 7:00 AM

Many companies experience very sudden growth. When this happens, they often don’t have the time to even think of optimizing their IT and telecom inventory. 

It's easy to understand why optimizing IT and telecom spend and assets is overlooked during periods of swift expansion, but this exercise is a critical part of ensuring smooth growth later on. For example, when a startup gains momentum and real market share within a few short months, it necessarily goes through many changes (such as hiring more people, acquiring/building new infrastructure, and so on).

Part of these changes will include a surge in IT and telecom assets. Before long, it all becomes tricky to manage. Many companies will do the best they can with the resources available to manage new assets and maintain the older ones. It’s usually not enough.

Today, we look at how one of our clients came to this realization and chose our team at Cimpl to manage its IT and telecom inventory. They achieved much more savings than expected in only the first month of using Cimpl

.International energy company saves $70,000 wiht Cimpl

Some background

This client is an energy company that operates on an international scale. As you probably know, the energy industry is experiencing big changes lately. Among their needed adaptations are adjustments in their IT and telecom spend and usage.

This energy company had been managing its inventory with a local telecom expense management (TEM) solution that was no longer meeting its needs. The solution simply did provide desired levels of cost transparency and potential savings. With more than 4,000 wireless assets and more than $100,000 spent monthly on wireline services, the company had no choice but to find a better option. They chose Cimpl. 

It only took a month for this global energy company to see real results with Cimpl's telecom and IT expense management. We started by analyzing three specific areas for immediate cost cutting which included:  

  1. Identifying services with zero usage; 
  2. Resolving billing discrepancies; and
  3. Cleaning IT and telecom inventory.

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First, we discovered a little more than 1,300 mobile phones were completely unused. Then, we went over billing to seek out discrepancies that might have occurred, and found over 600 instances of erroneous billing. We also found inaccuracies in the inventory. All of this work contributed to a huge outcome: This company saved over $70,000 in just its first month of using Cimpl.

This result is unambiguously positive. What's more, it's not a one-time event. Once Cimpl is implemented, the tool continually helps you discover more savings opportunities every single month it’s in use. This is because billing discrepancies can occur at any moment, and also because our team of experts keeps tracking saving opportunities as the company keeps growing. Our reports enable the inventory to be optimized perpetually.

IT and telecom expenses can be volatile, and that is why telecom expense management with Cimpl is there to proactively prevent a company from losing money on zero usage devices, billing discrepancies, and inventory management.

So why should you waste money and time from unsuccessfully trying to self-manage your IT and telecom expenses? With a TEM solution, it is guaranteed that your company will experience substantial savings, and these savings will naturally make your company more effective and more competitive. You'll be free to focus on your core competencies.

Don’t hesitate to find out how you can succeed in the same way as this energy company. Discover how TEM is a key tool in optimizing the overall spending in your organization!

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Topics: Customer Story, Company Culture, Telecom Expense Management (TEM), Mobile Devices, TEM Software, News, Automation, Business Growth, Inventory Accuracy

Written by Henry Cheang

Henry is a dedicated technical writer, focused on conducting market research, contributing to product design, and writing clear and concise documentation for the company. He is an enthusiastic team member and is passionate about science and technology, who plays a key role in Cimpl’s product messaging. His dedication to writing is reflected in his experience in authoring academic papers, documentation, user guides, and in contributing to Cimpl’s marketing efforts.

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