Engineering firm increases savings 304%

One of the world’s largest, publicly owned engineering and construction services organizations was exploring ways to curb their wireless spending. Over the past century this organization, through its operating subsidiaries, had become a global industry leader providing exceptional expertise and technical support to customers in a wide variety of businesses worldwide.

The Challenge

As this worldwide enterprise grew, so did its wireless costs. mindWireless was brought in to manage the billing process for one of the organization’s operating companies. The remaining operating companies’ wireless phones were to be supervised by internal staff who would work with their carriers to optimize wireless spending over the same time period. This allowed for a meaningful comparison of the two options.

The Results

mindWireless achieved an annual savings per phone that was 304% greater than that achieved through internal, carrier-supported efforts. The following chart documents the overall savings realized:

Wireless Optimization Internal/Vendor
Management 
 mW Management
Cost/Minute  Decrease of $0.02
(-11%)
 Decrease of $0.06
(-29%)
Actual Bill Amount/
Month
Increase of 8% Decrease of 16%
Actual Savings Value-
Phone/Year
$140 $566

 

mindWireless was able to achieve an annual savings for each phone that was $426 greater than that achieved through internal efforts – a direct result of optimal realized cost per minute.

The difference in results can be attributed to the sophisticated analysis performed by mindWireless’ statisticians and their expertise with best practices and rate plans availability. Recognizing the significant savings opportunities and the time value of outsourcing this business practice, mindWireless is now achieving similar results company-wide.

Note: These results do not reflect the administrative time and costs associated with internally managing wireless billing.