Responding to Economic Downturn
- Eric Swanstrom
- • May 24, 2023
How to cut costs and gain upfront & long term savings
The technology sector and other market indicators reveal a challenging economic forecast. Smart businesses will increase process efficiencies to stay ahead of recessionary hits to their operating costs. This article presents an executable plan to save money on internet spend and boost efficiency for your organization.
ISP Limitations
- Expensive - With markup and limited pricing options, internet service providers are poorly setup to help customers achieve savings on their current services.
- Inconsistent - ISPs struggle to deliver consistent support across customer locations, including high turnover of account managers, disjointed support, and individual bills that create spend crawl
Fastblue Solutions
- Upfront Savings - Save 20-40% on current connectivity costs
- Single Source - Get one monthly bill and one global NOC to support sites and services around the world
- Ongoing Savings - Reduce overall spend and supplier overhead with our single- source global solutions
How Fastblue Maximizes Savings
Group Purchasing
As a group purchasing provider, we help our customers source both current and new suppliers to maximize savings. Fastblue customers get the benefit of our entire base of $100M+ customer spend without any spend minimums for contracted services. We provide access to local pricing across 1,000+ service providers in 180 countries, achieving the best rates on internet services worldwide.
We provide upfront rate cuts and ongoing savings to our customers:
- As a group purchasing provider, we use the collective buying power of our customer base to secure lower pricing from global suppliers.
- By leveraging our purchasing power as a collective buying group, Fastblue customers save up to 40% on their current connectivity costs.
- Collective buying power - pooling your purchases with other businesses - uses higher volume and negotiated discounts to maximize savings.
Streamlined Services = Significant Savings
We help streamline the sourcing, deployment, support, and management of contracted
services at sites around the world, boosting efficiency and reducing spend for our customers:
- As a single-source provider of global technology solutions, we are able to cut the number of bills our customers receive from many down to one monthly bill.
- One bill reduces overhead in managing spend, suppliers, and contract negotiation.
Find out how switching to Fastblue cut the number of billing suppliers from 30+ to 1 and provided a single, centralized NOC to 300+ customer sites, reducing overhead and delivering ongoing cost savings.
How Fastblue Helps You Source Smarter & Deploy Faster
Saving money is imperative to successful business, especially in a fragile economy. With group purchasing and streamlined supply chain management, we provide savings, efficiency, and peace of mind to our customers.
At Fastblue, we work diligently to:
- Assess services and pricing on behalf of the customer to explore savings potential
- Provide pricing benchmarks, contract end dates, and identified overspend areas to provide TCO savings
- Simplify multi-carriers into a single bill and NOC for all global sites and services
- Help maximize ongoing savings with centralized management of inventory, contracts, and orders
- Handle installation, testing, and deployment details locally and globally with a single, dedicated project management team
- Manage disconnect of unused services and provide project management and NOC to support replacement/upgrade of services to manage spend and boost efficiency
Choosing Success with Fastblue
These days, especially, decision makers are having to adapt how they do business to maximize success against prevailing economic forecasts. Make better decisions faster with a reliable, single-source provider like Fastblue to support your efforts from sourcing to deployment and beyond.
Choose Fastblue to get more value from your connectivity, cloud, and data center solutions, including:
- Cost Reduction – Leverage our millions of dollars in spend to reduce your overall costs
- Supply Chain Management - Rely on our dedicated project team to handle timelines and service details with local and global suppliers
- Single Source - Benefit from a single provider for bidding and contracts, procurement and billing, and customized service offerings across multiple suppliers
- Global Support - Resolve problems quickly with our global 24/7 NOC
- Ongoing Savings - Get long term savings with centralized contract management
- Accelerated Sourcing - Achieve shorter timelines from bidding to deployment