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Source Loop is a full service Telecom Expense Management firm. Its suite of servicesincludes telecom assessments, audits, benchmarking, network optimization, managedsourcing services and a recurring TEM practice. Source Loop combines experiencedpeople, established processes and TEM applications to help companies realize maximumtelecom cost savings and increase their Return on Investment (ROI), while ensuringimproved operational and network performance.
ServicesSource Loop services always perform one of two functions: they either removeunnecessary telecom expenses, a discipline termed Telecom Cost Elimination (TCE). Orthey serve to manage and control those services that are necessary for costeffective and operationally sound networks these services comprise the disciplineof Telecom Expense Management (TEM). Both the professional services i.e. TelecomCost Elimination (TCE) services and managed services i.e. Telecom Expense Management(TEM) services are equally critical to creating and maintaining an affordable andeffective telecom or IT network.
Upfront professional services such as managed sourcing, comprehensive telecomassessments, telecom rate benchmarking, and network optimization work to drive downthe cost of your telecom spend while maintaining network operational performance.Once this healthy network state is achieved, it's the managed services (TEM) thattake over and keep your network services competitively priced and operationallysound.
Network CoinFrom the Source Loop perspective, Telecom Cost Elimination (TCE) & Telecom ExpenseManagement (TEM) are both two sides to the same proverbial coin, in this case anetwork 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 havechallenging networking issues, usually involving operational concerns and costvisibility. It is not uncommon for many of our clients to find that they are payingfor many services that they do not need. And for services needed, many of those areover-billing due to a myriad of industry factors such as abstruse FCC tariffs,poorly written agreements and employee turnover that make accurate telecom billing aconstantly moving target. Take into account the ever-evolving and hyper-competitiveTelecom marketplace that makes mergers commonplace, and you have a situation rifefor network inefficiency and financial waste, often to the tune of hundreds ofthousands of dollars and beyond.
Best PracticesProper telecom bill auditing techniques coupled with strong telecom invoicemanagement systems and a TEM Best Practices protocol maintain and preserve hardearned professional services results, while adding additional value of their own.Moreover, Source Loop's company culture embraces cross training / cross pollinationof industry best practices; Source Loop will leverage the knowledge and expertise ofits Professional Services team members to augment the Managed TEM team and viceversa whenever appropriate to drive timely results.
Source Loop s focus on client-specific custom solutions coupled with its BestPractice focus and its fast and nimble company culture have allowed it to deliversubstantial savings to its clients since its inception in 2005. According to SourceLoop Managing Director & Principal Daren Moore, Source Loop s e-Sourcing clientshave averaged 38% in realized savings; that s up front savings, which is arguablythe best kind of savings, while our recurring Telecom Expense Management (TEM)clients have averaged over $1M in realized savings. And when you factor inadditional Telecom Cost Elimination (TCE) savings our clients typically achieveover 18% you approach savings figures that can make or break smaller companies oradd significant shareholder value to larger ones.
BackgroundSource Loop is led by seasoned industry executives averaging 20 years of TEMindustry experience. Its executive team has leadership backgrounds with the leadingcarrier and Telecom Expense Management providers and provides thought leadership tothe TEM industry by partnering with leading law, telecom networking, IT networking,and software firms.
PhilosophyAt the heart of Source Loop's company ethos lies the value proposition of offeringunbiased advisory services to its customers, acting as a trusted partner to craftthe most effective telecom expense management solutions that combine multiplevendors, internal teams, as well as internally & externally developed applicationsinto a cohesive, centrally managed and technologically advanced solution.
