Advocate Networks completed a telecommunications inventory assessment for a multi-billion dollar financial services holding company. Subsequently, we managed multiple requests for proposals (RFPs) for its fixed-line and mobile services.
Case Study: Financial Services Company
This leading global investment management firm has approximately $350 billion of assets under management and 5,000+ employees doing business in over 100 countries.
Challenge
- Assess and procure global fixed and mobile communications services
- Decentralized environment and nearly 2,000 mobile devices
- The need to gain control of increasing mobile device expenses and improve visibility into mobile device inventory
Solution
Advocate Networks inventoried, assessed and benchmarked over $10 million in global communications expenditures (2004 and 2007). Advocate Networks provides ongoing fixed and mobile telecom expense management services.
Results
- Over $10 million in cumulative cost-savings implemented since 2006
- A 25% annual reduction of mobile expenses (approximately $500,000)
- Managing fixed and mobile communications in US, Canada and Europe
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