Network Expense Management is the assurance of accurate network cost, payment and GL coding of invoices, and the initiation and resolution of vendor disputes.
It is achieved through software, processes, and people. All successful carriers have this critical function, and most also employ a 3rd party “backstop” to assure that network cost stays under control.
Axiom Network Expense Audits
Axiom acts as that crucial “back-stop” audit provider to assure that Network Expense is in keeping with contracts and expectations for service profitability.
We have acted in this capacity for many of the best-known telecommunications and cable companies. Since its founding, Axiom has generated more than $900 million in additional gross profits through its Network Expense Audits.
Additional Benefits
Quantified savings are the primary reason to pursue our Network Expense Audit as a “back-stop” to a Carrier’s existing Network Expense Management process, but there are important additional benefits:
- Cleaner service data
- Identification of Provisioning Process Issues
- Understanding of best contract terms and pricing from vendors
- Audit of the quote-to-invoice cycle for vendor services
See Axiom’s Network Expense Management in action!
Mid-Sized Telecom Company
Axiom’s client, a private equity-owned, facilities-based and resale telecommunications carrier based with approximately $600M in annual revenue was concerned that their network was not delivering the expected level of profitability. They selected Axiom to perform a margin assurance network audit.
Contact Us!
Reach out today to speak with our team about your company’s needs.
See What Our Clients Say
Axiom works hand-in-hand with our Revenue Assurance team to deliver outstanding results. In our first 12 months with Axiom, we were able to add an 8-figure amount to gross profit through a range of audits. Most impressive was Axiom’s ability to deliver high-quality resources who could ingest volumes of telecom data and contacts and quickly distill opportunities to boost revenue.
Alyssa Tackett
Revenue Assurance Director, Zayo
Education Networks of America (“ENA”) hired Axiom to conduct a Margin Assurance audit prior to our acquisition by Zayo. The Axiom team worked closely with ours and added millions to our bottom line… it was an easy decision to use Axiom, they have deep expertise, and their contingency billing model makes it a nearly risk-free effort.
Rob Peterson
Director of Access and Vendor Management
Axiom completed an extensive audit of our service profitability, helping to add millions in gross profit. Their team functioned as an integrated part of our organization, working directly with TPx staff. We also hired Axiom to provide augmented staff to support our internal teams with the migration of tens of thousands of TDM lines. They’ve been a great partner, and we look forward to continuing our work with them in the future.
Randy Estep
Vice President, of Financial Operations, TPx
