With companies struggling to strike a stern balance between expenses and profit in a recessionary environment, they can cut on their expenses by up to 30 percent if they control their telecom expenses.

According to a report- “Slashing Telecom Expenses in a Looming Recession”, directed by Aberdeen Group, a company that keeps an active check on their telecom expense, which includes not only direct landline and mobile device costs, but also asset insurance, contract negotiations, procurement, security, federal compliance, and dispute resolution, can trim on telecom expenses by 30 percent in contrast to those that do not analyze their telecom costs at all.

Furthermore, the high-scale companies cut their telecom expenses by average of 31 percent by evaluating their internal processes, policies, and systems to develop a centralized inventory of all corporate assets, services, and mobile automated billing, an invoice reconciliation, exception reporting, and dispute resolution capabilities, says the report.