Telecommunications Refund Service
Telecom services are often the third largest expense for companies after payroll and property.
- U.S. businesses lose $13 billion/year in telecom billing over-charges. (Gartner Group) Only 2% is ever recovered.
- U.S. businesses waste over $38 billion a year, mostly due to telecom company errors (Aberdeen).
- Up to 85% of mid-market company telecom bills are paid in full and are not audited by the organization.
- When a typical telecom audit is conducted, billing analysts most often examine just a small subset of invoices associated with the largest spending, leaving potentially millions of dollars not found in other telecom spend areas.
Large companies sometimes overpay millions for hundreds of separate services that IT departments and accountants struggle to keep up with. Telecom providers know this and they are required by law to let companies know when better deals become available and provide refunds when audited.
We can recover charges going back as much as 10 years in some cases, depending on the contract and even more into the future. Rodney Ramlochan runs our telecom recovery division. He was in charge of Fortune 500 accounts at Verizon for over 20 years with 300 auditors under him. He realized telecom companies like his were overcharging companies millions every year for services.
Rodney took 48 of the top auditors from AIG, AT&T, Verizon, Bell Atlantic and PricewaterhouseCoopers to start an auditing firm to help companies.
Once overages are identified, calculated, and proven, telecom companies are required by law to refund cash for these overages retroactively. The providers send refund checks back directly to your company. We prefer to work with companies spending $1M+ per year. No less than $300k per year or $25k per month.
Most large companies we work with have internal auditors or hire outside auditors. We have recovered as much as 20% even if other auditors have already performed a full audit.
You can recover 6-10 years of losses without spending any time or money. Services are conducted off-site in 30-60 days for an agreed on percentage of the funds recovered. We begin as soon as we receive billing information and letters of carrier authentication.
A few of the services our audit covers include:
- Data Circuits
- VoIP and Fiber Connections 8. Toll-free service
- Cable TV
- Primary Rate Interface (PRI) 12. Point to point circuits
- UVN services
- Burglar and Fire Alarms
- Broadband Services
- Co-location services
- Multi-protocol Label Switching (MPLS) port and access service
- Local and long-distance services and wrongful surcharges
- High-speed data connection services
- Lines never activated or duplicate accounts no longer used
- Wrongful late payment charges
- DID services as incorrectly designated as POTS which carry a higher per line rate for long- distance surcharges.
- You may qualify for state and federal discounts or veteran and minority discounts that were never applied.
Examples of clients that have already benefited from the ASAP telecommunications refund service:
UNICEF USA – United Nations Children’s Fund.
United Rentals Inc. is a Fortune 500 firm and is the largest equipment rental company in North America, with 11.4% of the region’s market share. BlueLine Rental, formerly Volvo Rents is a US company that rents construction equipment to contractors and retail consumers.
Jackson Lewis P.C. (American workplace law firm, employing 800 attorneys in 57 offices and is one of the 100 largest law firms in the United States.)
McCarter & English, LLP (American full-service law firm headquartered in New Jersey. Founded in 1845, it is one of the oldest law firms in the United States.)
New York–Presbyterian Hospital is affiliated with two Ivy League medical schools: Columbia University, Vagelos College and Weill Cornell Medical College.
New York Methodist Hospital, an acute-care facility in Brooklyn. Founded in 1881, NYM is affiliated with the Weill Medical College of Cornell University.
Wyckoff Heights Medical Center since 1889 has 1,800 physicians, nurses and support personnel for patients in thirty-five distinct languages and cultures. 90,500 visits annually.
LABOR / UNIONS:
Actors’ Equity Association (American labor union representing the world of live theatrical performance.)
Realty Operation Group (LeFrak Organization). Commercial and residential property management company.
Silverstein Properties is a privately-held, full-service real estate development, investment and management firm based in New York. Silverstein has developed, owned and managed more than 40 million square feet of office, residential, hotel and retail properties including the new and old World Trade Center.)
Timex Group USA Inc. formerly Timex Corporation is an American manufacturing company founded in 1854, now a wholly owned subsidiary of Dutch conglomerate Timex Group B.V.
John Hardy founded by John Hardy in 1975, is known for its Asian inspired designs and traditional handmade jewelry. It markets itself as a “sustainable luxury” brand.)
Centerfield Media develops Big Data driven marketing and sales technology. The firm’s proprietary platorm is known as Dugout.
Dan Klores Communications (DKC) is a public relations firm based in New York City with offices in the District of Columbia, Chicago, Los Angeles, and San Francisco. Its clients include LinkedIn, AirBnB, Yahoo!, Delta Air Lines, the Children’s Health Fund, Citi and the New York Road Runners/New York City Marathon.
Bayard Advertising Agency was founded in New York in 1923 with offices in Belgium, France, Germany, Ireland, Italy, the Netherlands, South Africa, the United Kingdom, Australia, China, Hong Kong, India, Mexico, Argentina, Brazil, and Venezuela.
Art Department is a company based in New York and Santa Monica, CA, represents artists Vincent Peters, Martyn Thompson, Mona Kuhn, Ilan Rubin, Bela Borsodi, Philippe Salomon, Richard Phibbs, Bryan Adams, Ben Watts, Eric Ray Davidson and James White, etc.
Skechers USA Inc. is an American lifestyle and performance footwear company. Headquartered in Manhattan Beach, California, the brand was founded in 1992.
Summit Professional Networks – The National Underwriter Company is a B2B publisher in the insurance, financial services and legal markets. They publish a range of print, e-media, and so.ware products for the insurance and financial services industries.
Buzzfeed is an American Internet media, news and entertainment company with a focus on digital media; it is based in New York City. Founded in 2006 by Jonah Perex and John S. Johnson III, to focus on tracking viral content. Kenneth Lerer, co- founder and chairman of The Huffington Post is the co-founder.
Brooks Brothers is the oldest men’s clothier in the United States headquartered on Madison Avenue in New York City. Founded in 1818 as a family business owned by Italian billionaire Claudio Del Vecchio. The brand also produces clothing for women. Zac Posen has been its creative director since 2014.
Lane Construction Corporation has contributed to the development of the country’s vast network of roads, highways, and bridges, including the Interstate Highway System for over 130 years.