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           28 November, 2020


    
Category:  Press » Business

 

Telecom Expense Management Firm Source Loop, Maximizes Clients' Cost Savings & ROI

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2008-05-17 04:22:40     
Chris Lee

Reston, Virginia - Source Loop is a privately held (LLC) Telecom Expense Management & IT consulting firm based in Reston VA, with an office in Atlanta, GA., offering both professional and managed services designed to enable companies to effectively manage their telecom / IT networks and service providers.

Source Loop is a full service Telecom Expense Management firm. Its suite of services includes telecom assessments, audits, benchmarking, network optimization, managed sourcing services and a recurring TEM practice. Source Loop combines experienced people, established processes and TEM applications to help companies realize maximum telecom cost savings and increase their Return on Investment (ROI), while ensuring improved operational and network performance.

Services
Source Loop services always perform one of two functions: they either remove unnecessary telecom expenses, a discipline termed Telecom Cost Elimination (TCE). Or they serve to manage and control those services that are necessary for cost effective and operationally sound networks - these services comprise the discipline of Telecom Expense Management (TEM). Both the professional services i.e. Telecom Cost Elimination (TCE) services and managed services i.e. Telecom Expense Management (TEM) services are equally critical to creating and maintaining an affordable and effective telecom or IT network.

Upfront professional services such as managed sourcing, comprehensive telecom assessments, telecom rate benchmarking, and network optimization work to drive down the cost of your telecom spend while maintaining network operational performance. Once this healthy network state is achieved, it's the managed services (TEM) that take over and keep your network services competitively priced and operationally sound.

Network Coin
From the Source Loop perspective, Telecom Cost Elimination (TCE) & Telecom Expense Management (TEM) are both two sides to the same proverbial coin, in this case a network coin. "Despite our many service offerings, it all boils down to two things, Operational Excellence and Savings Delivered," says Source Loop's Managing Director & Founding Principal Chris Lee. "Our clients come to us because they have challenging networking issues, usually involving operational concerns and cost visibility. It is not uncommon for many of our clients to find that they are paying for many services that they do not need. And for services needed, many of those are over-billing due to a myriad of industry factors such as abstruse FCC tariffs, poorly written agreements and employee turnover that make accurate telecom billing a constantly moving target. Take into account the ever-evolving and hyper-competitive Telecom marketplace that makes mergers commonplace, and you have a situation rife for network inefficiency and financial waste, often to the tune of hundreds of thousands of dollars and beyond."

Best Practices
Proper telecom bill auditing techniques coupled with strong telecom invoice management systems and a TEM Best Practices protocol maintain and preserve hard earned professional services results, while adding additional value of their own. Moreover, Source Loop's company culture embraces cross training / cross pollination of industry best practices; Source Loop will leverage the knowledge and expertise of its Professional Services team members to augment the Managed TEM team and vice versa whenever appropriate to drive timely results.

Source Loop's focus on client-specific custom solutions coupled with its Best Practice focus and its fast and nimble company culture have allowed it to deliver substantial savings to its clients since its inception in 2005. According to Source Loop Managing Director & Principal Daren Moore, "Source Loop's e-Sourcing clients have averaged 38% in realized savings; that's up front savings, which is arguably the best kind of savings, while our recurring Telecom Expense Management (TEM) clients have averaged over $1M in realized savings. And when you factor in additional Telecom Cost Elimination (TCE) savings - our clients typically achieve over 18% - you approach savings figures that can make or break smaller companies or add significant shareholder value to larger ones."

Background
Source Loop is led by seasoned industry executives averaging 20 years of TEM industry experience. Its executive team has leadership backgrounds with the leading carrier and Telecom Expense Management providers and provides thought leadership to the TEM industry by partnering with leading law, telecom networking, IT networking, and software firms.

Philosophy
At the heart of Source Loop's company ethos lies the value proposition of offering unbiased advisory services to its customers, acting as a trusted partner to craft the most effective telecom expense management solutions that combine multiple vendors, internal teams, as well as internally & externally developed applications into a cohesive, centrally managed and technologically advanced solution.

Specialized in: Telecom Expense Management - Enterprise Managed Services - Enterprise Telecom Expense Management - Integrated Telecom Expense Management Solutions - It Managed Services - Network Managed Services - Telecom Audit - Telecom Expense Audit - Telecom Expense Management Solutions - Telecom Expense Software - Telecom Managed Services - Tracking Telecom Expenses
URL: http://www.sourceloop.com
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