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How it works

STAGE 1

Run Diagnostic

1.

Quote

Instant quote generation based on your spend profile of suppliers and geographic locations.

Start

2.

Diagnostic

Provide contracts and invoices and receive a cost savings summary report, demonstrating your cost saving potential at a summary level.

30 Days

Database

Here are the data we received from you

Total Spend (GBP)

£165,58 k

Suppliers

37

Regions

20

Products

116

Services

841

Contracts

37

Invoices

117

Earliest

23/09/2020

Latest

08/12/2021

Savings Opportunities

Here are the opportunities we found

Annual Savings

From £64,524 to £138,892

Opportunities for Immediate Savings
Regions
Suppliers
Min. Total Value (GBP)
Max. Total Value (GBP)

Unused Services

7

11

£29,817.28

£61,795.08

Unused Products

1

1
£2,935.74

£7,606.24

Cheaper Plans with Existing Provider

2

3

£31,154.48

£56,796.29

Billing Error

2

2

£133.00

£10,085.03

Excessive Users

1

1

£652.39

£2,609.55
Sample

Detailed Savings Report

Excessive Users

Summary Annual Savings From £652 to £2,609 We track which of your mobile & telephone services are being used excessively and costing you unnecessarily. The point isn’t necessarily to restrict how people use your services. By following up and identifying the reason behind the excessive users, we can match the service to a more cost effective plan.

Summary Table

CountryVendor NameCheaper Plan TypesMin SavingsMax Savings
USARing CentralExcessive data users£652.39£2,609.55

Methodology

How the opportunities are found

  • Categorize every product against a taxonomy that describes the value the product is meant to deliver
  • Match the product’s taxonomy against the usage found on invoices (calls, text, data)
  • Flag where the product’s inclusions aren’t sufficient for how the service is used

Excessive Users

Action

Steps

  1. Identify whether there is a valid reason for using the excessive service usage.
  2. If there is a valid reason, raise the service with the supplier so it can be placed on a more cost effective plan.
  3. If there isn’t, choose whether to place restrictions on the service or request the user to change how their usage pattern.
Status
Recommendation pending your approval

Under Review (2)

Approved (0)

Rejected (0)

Country vendor Name Bill Date Service Id Access Plan Monthly Charge Gigabyte Allowance Gigabyte Usage Excess Data Charges
USA Verizon August 09, 2021 843-263-9619 Flexible Business Smartphn 2GB 65 2 55.777 510
USA Verizon July 09, 2021 843-263-9619 Flexible Business Smartphn 2GB 65 2 99.999 430
STAGE 2

Activate Thinking Machine

Choose One (1) Package

ESSENTIAL

Delivers on cost savings and continuously monitors for new issues.

EXPENSE PRO

Bundles cost savings plus expense management features.

ULTIMATE BILL

Bundles everything plus a consolidated bill of all global suppliers in the one report.

Support

Company

Head Office

85 Great Portland Street, London, UK, W1W 7LT

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Thinking Machine

Uncover your savings potential

Start saving in under a week from your technology services - wherever they are in the world and at any stage in the contract lifecycle.

Using our patented AI platform, we extract data from your contracts and invoices and automate analytics covering over 20 themes of cost saving opportunities.

Any other questions, just ask me!

Richard Martin
Co-founder

TMS

TMS is an AI company that creates cost savings from Telecom expenses.

Solutions

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