Case Study: a leading united states insurance company achieves $585,000 in telecom savings with Avotus TEM solution

Insurance Titan Achieves Cost Savings of $585,000 on an Investment of $24,000 – a 2337% Roi by Implementing Avotus Tem Solution

A leading United States insurance company with $190 billion in assets and $1 trillion in life insurance policies in force was struggling with telecom billing and inventory management. The company was tracking invoices in Excel, missing payments and incurring late fees, lacked visibility into telecom spend and inventory, paid invoices only at a summary level without detailed audit, and had no accounting system integration. After an earlier TEM effort left them skeptical, they turned to Avotus Corporation for help with their wired telecom accounts and Avotus ECM Expense Management.

Avotus Corporation implemented its ECM Expense Management solution to streamline line-item invoice processing, perform detailed telecom audits, and improve telecom inventory management through monthly reporting. The solution uncovered billing above contracted rates and delivered annual savings of $585,000 on a $24,000 investment, a 2337% ROI. It also gave the customer better visibility and ongoing control over department, location, and provider-level telecom spend while automatically reconciling invoice discrepancies going forward.