*Please note that Etelesolv has changed its company name to Cimpl in 2016.
“Telecom and IT Cost Cutting Initiatives for the Energy Industry” is a Roadmap to Cost Rationalization
- The energy industry needs sustainable cost cutting measures.
- IT and telecom expense management (TEM) is a painless path to immediate savings.
- The company’s solution saved one particular energy company six figures in one year.
(MONTREAL, QC – October 7, 2015) – Etelesolv (now Cimpl), Canada’s leader in IT and telecom expense management, proudly presents its latest eBook, “Telecom and IT Cost Cutting Initiatives for the Energy Industry”. In this eBook, the company highlights the financial value of technology expense management for the energy industry. This latest report showcases the growing need for companies to better manage its Enterprise Digital Footprint (EDF).
“Canadian energy companies are having particularly tough times because of low global oil and gas prices, “ said the company’s VP of Sales and Marketing. “In our latest eBook we show how IT and telecom expense management is a sustainable source of cost avoidance for energy companies. This report is a starting point for any organization that is looking for cost cutting alternatives that will help them weather the turbulence of the energy market and keep skilled employees on their payroll.”
In “Telecom and IT Cost Cutting Initiatives for the Energy Industry”, the company explains the major ways in which its IT and telecom expense management (TEM) solution generates huge cost savings for energy companies. Although adorned with examples, the eBook places particular emphasis on the $200,000 savings that one particular oil field service (OFS) firm experienced in its first year of using the company’s solutions. There were stand-out savings in several key areas:
1) Hard dollars – $150,000 in annualized charges from billing errors and zero usage devices were identified;
2) Recouped costs through increased inventory accuracy – the equivalent of $10,000 in annualized charges spent on items that were not being tracked in inventory were identified; and
3) Time savings – by using automation tools, the company was able to reallocate over $50,000 in annual full-time IT employee salary to other tasks and projects.
Readers of “Telecom and IT Cost Cutting Initiatives for the Energy Industry” will see that huge savings through IT and telecom spend optimization are achievable and realistic with the help of an expert IT and Telecom expense provider. Although primarily directed at energy industry executives, this eBook is intended for any CIO and CFO tasked with steering their organizations through the current economic climate. Download the eBook here.
About the company
With its global coverage, Etelesolv (now Cimpl) is leading a revolution in IT and telecom expense management. Cimpl, our signature platform, brings together actionable data analytics and automates everyday processes to ensure that companies know what they have and what their technology costs at any given time. Our business leadership and employee engagement have also earned serious acclaim. The company is recognized as a PROFIT 500 company (in both 2014 and 2015) and a Branham300 Top 250 ICT because of its high revenue growth. Deloitte took note of our technological innovation and cemented the company’s status as a technology heavyweight on its Technology Fast 50 and Fast 500 lists. Our company is also ranked as a Best Small and Medium Employer (BSME) in Canada for 2013 and 2014. For more information, visit our website.
Caroline Le Brun