Navigating the Complexities of Technology Asset and Service Contract Oversight

Managing your own telecom and IT assets poses substantial financial risks. The complexity of providers' invoices, the sneaky auto-renewals of maintenance contracts for unused assets, and the overlooked expenses for abandoned equipment or circuits during location changes can significantly inflate costs. The situation is even more dire for companies that lack awareness of their current inventory—unaware of what's expiring, the redundancy in service contracts across various vendors, last year's acquisitions, the physical whereabouts of contracts, or the correct contact numbers for service issues. Often, asset tracking is relegated to outdated spreadsheets or dispersed among multiple employees, risking information loss through staff turnover.