How it works

The Problem

One of the biggest problems in Enterprise Productivity is connecting contracts through to expenses – that is, the written word of the contract that translates to the dollar amount of the expenses. Companies across the globe overspend in the Telecom and IT services categories more than $0.5 trillion dollars per year because it’s so difficult to make that connection and have a more consolidated view of what is spent. A lot of time is spent tracking and figuring out where problems exist and there are so many little problems compounded that there’s no guarantee they’ll be picked up in its entirety. The result is ill-equipped staff that lose huge amounts of time and have no guarantee that they even found the full savings potential. 

Our Mission

Our mission is to save you time. When we save you time, we save you money. We free up space for you to focus on other tasks and projects you could be doing to develop and improve your business, without having to rely on manual auditing, that results in reporting which are time-consuming and prone to human error and inconsistency of data.

The Solution

Telco Machine exists at the intersection of cost saving and expense management. Our machine-learning platform automates the most complex tasks of auditing, optimizing, and managing spend for Telecom & IT services for medium to large enterprises.

Our Competitive Advantages

The Results

With an innovative delivery model that optimizes spend with integrated on-demand solutions for expense management and consolidated invoicing, we arm businesses with the information they need to secure and sustain savings.

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.

TMS

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

Solutions

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