Case Study: Large US Based Company achieves $344K+ in annualized telecom savings with IQ Telecom

Billing & Invoice Consolidation Results in Savings & Efficiencies

Large US Based Company worked with IQ Telecom to address a decentralized telecom billing process across 130+ U.S. locations. With hundreds of invoices arriving each month, a $5.4M annual telecom budget, remote and closed locations during Covid-19, and frequent late fees, the company struggled to approve and pay invoices accurately and on time.

IQ Telecom used its IQT360° location-based inventory process to audit more than 330 invoices, eliminate unused services, consolidate accounts, and redirect billing into master accounts for centralized processing. IQ Telecom helped reduce monthly invoices from 332 to under 100, cut late fees by 95%, secure $50,000 in billing error refunds, and generate more than $344,000 in annualized savings, including $20,000 per month in eliminated costs and other measurable efficiencies.