How much money can you save on your network?
By transforming the network and optimizing inefficiencies and manual tasks, CFOs can help their organizations potentially save millions in the voice services. This may sound like a tall order, but operators need only start looking and they will uncover a sea of ways they can root out financial, hardware and operational savings in their current business model.
In fact, Odine is delivering, and has delivered, transformation in the network to optimize strategic benefits, from enhancing service and automation to improving fraud and risk management. This creates significant annual cost savings, with some real-world results predicted to reach upwards of $3 million annually.
There’s a better way to save
Traditionally operators invest in hardware, networks and locations to provide the best possible service to customers, but this is changing now with cloud-based services, virtualization and the growing trust in managed service. There is a myriad of places where CFOs could cut down on spending and maximize profit margins.
Many operators are also changing from revenue to margin models, and this brings its own challenges. Operators should look to their network infrastructure for several ways to save:
Reduce hardware complexity
Remove operational inefficiencies
Minimize physical POPs and streamlining locations
Achieving all four of these goals is possible and being undertaken by operators in order to sustain and remain competitive in the ever-evolving voice landscape.
Network transformation is the solution CFOs should be considering. By looking to OPEX models for service they can avoid CAPEX investment into voice services. There are many new business areas where investment will create new business lines and initiatives.
Modernizing the network to streamline operations, costs, and hardware is what operators need to achieve. Instead of running multiple applications, all with their own implementation, maintenance and resource costs, you can create a unified network by updating your technologies.
This reduces your physical footprint, which saves unnecessary spending and has a positive impact on an operator’s environmental impact by providing more efficient energy consumption.
Network modernization also reduces vendor count – with the added benefits of reducing payments and negotiations – and eliminates the need for complex integrations. This breaks down the complexity of the network and in turn, due to accessible costs and smooth delivery, supports improved customer satisfaction and retention.
All in all, we have a solution that will get rid of the areas that cost you money (legacy networks) and enhance what makes you money (voice application).
Where to reinvest in 2023
Instead of investing more money into physical technologies, we recommend operators should focus on optimizing and streamlining. With Odine’s OPEX model and a holistic approach, we can give you visibility over your costs, so you can clearly calculate profit margins on traffic and analyze your cost of service.
This way, you can identify where you are losing money unnecessarily and eradicate these inefficiencies through network transformation.
Odine’s market-proven solution leverages the best of technologies and a disruptive pricing model to show operators that change is possible. It is designed to help you generate more revenue and massively save resources, which organizations can then use to focus their efforts on generating new revenue streams and innovations, whether that’s in Voice, SMS, or DID and Virtual Numbers.
For operators in wholesale voice, we have six core focuses for transformation which every organization should embrace with momentum in the upcoming year.
Discover more about this in our Operator’s Journey Series.
Read Part 3 to see how operators can sustain their margins after they’ve saved.