Poor Contract Visibility: Nearly 50% of companies struggle with tracking and monitoring supplier contracts due to reliance on manual or partially automated processes and disparate systems. (Aberdeen Group Research)

Lost Savings Opportunities: Best-in-class organizations achieve up to 80% more savings by implementing a clearly defined contract compliance process. (Aberdeen Research)

Lack of Centralized Management: Only 48% of organizations have a central repository for managing contracts, leaving critical agreements untracked. (Aberdeen Group Report)

Costly Auto-Renewals: Companies lose 3-5% of potential savings annually due to auto-renewing contracts with unfavorable terms.

Billing Errors Abound: 80% of business telecom invoices contain billing errors, contributing to $13 billion in annual overcharges in the U.S., of which only 2% is ever recovered. (Gartner Group)

Widespread Waste: U.S. businesses waste over $38 billion annually, much of it due to telecom errors and insufficient auditing processes. (Aberdeen)

Missed Opportunities in Internal Audits: Up to 85% of mid-market telecom bills go unaudited, and traditional audits often focus only on high-cost invoices, leaving significant savings untapped.