In today’s environment, a company’s telecom spending does not stop with a simple phone line and an email account. Take into consideration all the local and long-distance phone services, toll-free numbers, mobile and wireless services, internet, email, conference services, inter-office networks etc.
Telecom is an important part of any business nowadays. Both large and small companies typically use a wide variety of telecommunications-related services. All these different services combined add up to a significant portion of a business’ cost of operation.
Using this many network and telecom services invariably adds up to a substantial expense for most businesses. In fact, according to research conducted by the Aberdeen Group a few years back, average small to medium businesses spent about $26 million a year while an average Fortune 500 company spent about $116 million a year on telecommunications alone.
Read the 10 tips to reduce telecom expense here
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