The CFO's View of Total Telecom Cost Management
- Joe Basili, Aberdeen Group
The average company, with over $1 billion in revenue, spends approximately 1% of their revenue or $182 million on telecom expenses. This means, on average, Fortune 500 Companies are not managing $61 million in expenses. The survey found that 65% of enterprises do not have an accurate inventory for service usage data. In addition, 49% of the respondents identified lack of automation to manage network expenses as another obstacle to achieving effective network cost management.
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