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Rimhub Finance & Accounting

4 Critical Elements of a Cost of Sales Dashboard

With an ever-changing marketplace, what is the best way to stay on top of your telco operation to make sure it remains stable, adaptable, and profitable? There are 4 key elements in a COS dashboard that clearly measure important metrics, and help you to identify risks or issues that could be eroding your business and your profits. 1. Margin Variance Analysis This report provides a month-to-month comparative analysis on business margins. Armed with this information, managers can look for slippage against Read More

5 Surefire Ways Telcos can Increase Gross Margins

Any business will always be concerned with its bottom line. You want to maximize profits and minimize expenses. Check out the five surefire ways for any telco organization to increase gross margins.   1. Optimizing Least Cost Routing (LCR) If using LCR is one of the strategies to minimize your costs, then you must ask your organization how effective they are in utilizing this tactic. Here are some questions to ask:   Are they optimally routing traffic across vendors with Read More

7 Best Practices for a Great Telco Audit

To help reduce your overall cost of sales, you can take a few simple steps to get things taken care of and organized in a timely fashion. Consider the following seven steps to help prepare you for conducting one of the best telco audits around. Store All of Your Invoices in a Centralized Repository When it comes time to prepare for a telco audit, the most important thing is having all of your information in one location. You should have Read More