DeVry Inc. expanded its business relationship with Cannon Group to simplify, manage and support their growing telecom environment.
Their goal was to realize savings and operational efficiencies and wanted to ensure that the savings translated to their bottom line.
After an initial assessment of DeVry’s telecom contract and billing environment, the Cannon Group team identified opportunities to co-term contracts, drive savings by renegotiating agreements and leverage multi-carrier/multi-service platforms to uncover lowest cost options for voice and data services.
As a final part of the plan, the Cannon Group team also provides stewardship and expense management reporting that includes spend analysis, compliance and commitment tracking.
Since hiring Cannon Group to manage its primary telecom carriers in 2007, DeVry has seen an average of $3m a year in telecom savings hit its bottom line resulting in a 580% return on investment.
The benefits have extended beyond savings as related efforts from Cannon Group's Sourcing team have driven network transformation.