Cost control: Through poor invoice and inventory management, UK companies are spending over £1B more than necessary on telecoms

[Xceed] Through poor invoice & inventory management, UK companies are spending over £1B more than necessary on their telecoms. The average UK company spends 3.6% of their entire P&L on telecoms. XTEM has averaged 40% savings on over 20 completed projects with companies of varied size and from several industries. This suggests that you could be shaving a full 1% off your entire P&L spend, without risk, by improving your telecoms expense management.

In 2008 Xceed launched Xceed Telecom Expense Management (XTEM) which is a new, Software as a Service (SaaS), way of analysing and managing telecom costs for; fixed line, mobile and data networks. It's proving conclusively that there are substantial savings to be made by all companies without changing suppliers or incurring risks. With an average saving of 40% from more than twenty completed XTEM projects and UK telecom bills exceeding £3 Billion per annum it's reasonable to suggest that a massive £1B could be saved by UK companies.

With over 20 projects completed Xceed has uncovered some startling statistics:


80% of telecom bills contain miss-billing or hidden charges
Just 67% of telecoms spend is managed
15%-35% of telecoms fixed assets are not used
63% of firms do not have an accurate inventory of their telecoms estate

UK Firms Wasting Over £1Billion Through Poor Telecom Expense Management
see also XCSL white Paper