IT Financial Consulting Services
Technology Finance Practice Analysis Many organizations find it difficult to properly account for and/or
equitably allocate technology expenditures. Accurately charging
users for technology resources and services is fundamental to overall
technology cost control. ISG applies its expertise and "best practices" to
help clients design, develop and implement an entire framework
for managing technology expenditures. ISG's IT Finance Consulting
Services help clients better understand, manage and ultimately
reduce total technology costs.
ISG can:
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Develop effective technology
cost management and allocation practices |
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Identify products, services and
rates for use in the chargeback process |
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Manage data sources required for
the chargeback & allocation process (e.g. vendor billing,
call detail records, inventory records, etc.) |
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Provide outsourced IT controllership
functions (e.g. budgeting, reporting, technology acquisition
assistance, contract negotiations and financial analysis) |
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Assist with developing and measuring
vendor performance against contract compliance metrics and
service levels |
Optimization Savings Analysis Program
ISG
can provide optimization savings analysis recommendations that will
result in ongoing cost reductions. ISG has a team
of analysts dedicated to researching and identifying savings opportunities
and helping clients realize savings in a timely
manner. ISG may identify savings opportunities utilizing
standard tariff offerings as the basis for a recommendation. ISG's
efforts will require recommended changes that do not require physical
changes to existing facilities, but are instead used to implement
discounts or more efficient billing arrangements already available
to clients resulting in reducing monthly recurring
charges. If ISG is engaged to identify optimization savings
initiatives, ISG will conduct a physical inspection of client
sites so savings can be achieved through optimization of services/facilities
in billing. This will allow ISG to identify circuits/lines
that are not being utilized or are not cross-connected to equipment
that obviously is not used. Removal of these circuits/lines
creates immediate monthly savings in the future, as no historical
recovery is possible. Most important, ISG will only seek
to enhance savings under vendor offerings already used by clients
and will obtain client's approval before implementing
any optimization recommendations.
Cost Avoidance Identification Program
To monitor and control costs on a go forward basis, ISG will outline
for client's specific billing items and variances
that warrant review and/or validation. ISG will identify
billed items that despite being in compliance with appropriate
tariffs are potentially fraudulent or abusive. These may
include: 900/976 information type calls, third party billing,
and incorrect pre-subscribed Interexchange carrier (PIC) codes.
ISG will identify LEC billed Long Distance, Thrifty bills, Dial
One usage, etc. ISG will provide a report to client identifying
these exceptions. The Third Party Itemization (TIP) report
will identify all third party carrier and long distance charges
appearing on local carrier accounts. When indicated on
the invoice, ISG further itemizes this on the TIP report. ISG
will then implement identified cost avoidance measures (i.e.
blocking factors on LEC bills preventing third party billing)
to have these occurrences eliminated from billing going forward.
Contract
and Commitment Management
Service Points:
- Streamlines and simplifies management of multiple service contracts
- Flexible - any type of service contracts
- Identify high volume contracts
- Involve right people at the right time
- Manage term dates: renewal, termination and renegotiations
- Ensure obligations are followed
- ISG offers comprehensive strategy review and negotiation for
all your IT and Telecommunication contracts
- ISG is experienced in contract enforceability and interpretation
of IT contracts. We are committed to understanding your business
and technical direction so that we can assist with your company's
technical, cost and performance requirements.
- Monitor commitment levels and thresholds
Rate Analysis and Benchmarking
Rate Analysis and Benchmarking
Service Points:
- Evaluate expense patterns and cost saving opportunities
- Access to all tariff resources
- Audit and recovery of expenses of underused services
- Rate negotiation support
- Provides accurate, detailed data to manage your business
- Benchmarking information offers consistency, accuracy and integrity
- ISG understands the importance of telecommunications and IT
benchmarking. We conduct a comprehensive rate analysis and provide
benchmarking tools, focused on your unique price and service
requirements so that you are able to achieve desired goals.
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