Keep a check of your expenditure
As obvious as it may seem you must keep control of your expenditure. Regular analysis will not only help with control but will also enable you to see where cost savings can be made.
Start with your profit and loss account as this detail all of the previous year’s expenditure and income. Identify the outgoings that you would like to reduce and those that you absolutely have to cut
Check your net margin
Do you know what your margin is for each product and service? If you don’t know this are you charging enough to cover your costs?
Calculate your operating costs
Your employees’ salaries and all related costs, distribution and storage, as well as the actual cost of production are all operating cost and must be included.
Take action
Take stock and review your business spending including standing charges and working practices, you could uncover a few surprises.
Take Action
Check all your contracts and standing charges with your energy broadband and telephone suppliers. It’s proably that your business may be able to get cheaper deals and keep better track of usage.
Analyse all expenses that seem too high. There will be a way to reduce them if you do the research.
Do your employees have the right tools to effectively do their job? Consider working with Trident to complete an audit and let us work out where you can get a better deal.
Telephony Audit:
- Free carrier liaison service: we do the complicated audit work for you on
Digital, (ISDN) analogue and SIP trunks - Inbound/ Non geographic numbers: 08xx, 03xx
- Analyse network providers for optimum call quality
- Call charge billing – get the best bundle
- Mobie phone charges & device charges
- On going account management reviews to check your tariffs remain competitive
Why Trident for Broadband Services:
- High-capacity broadband and internet connectivity
- Service Level Agreements for performance, circuit uptime and core network latency
- Optimise IT efficiency and be managed effectively so it is available around
- Managed Internet Access
- Broadband for Home Workers
- Could your business benefit from 5G, 1Gb fibre broadband or large capacity leased lines?
Why Trident for Mobile services?:
- Tailor-made mobile packages
- Top industry credentials
- On site and online account management
- Meticulous transition process
- Guaranteed SLA’s
- Detailed porting schedule
- Managed port liaison with outgoing provider
- Network monitoring
- Coverage check and test
- Delivery of key updates to mobile workers
Adapting to change
So, the next question is, how should you conduct your essential services audit?
There are both benefits and disadvantages to doing an inhouse audit versus outsourcing the audit. Doing an in-house audit may seem like it is the most cost efficient but could lead to company biases, lack of information, and ultimately not give you the best savings available.
Trident have subject matter expertise in energy, IT, telecoms and business services. Consider working with Trident to conduct an overall audit.
Call us on 01932 842 009
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