How we saved a fintech firm $500,000 annually without changing vendors or adding work for their IT team

Many cost savings stories start with a big change.

New vendors. New systems. Months of internal effort.

This one didn’t.


The setup

Our fintech firm client had:

  • ~1,000 employees

  • 13 offices and data centers

  • 136 separate network services

  • Multiple bills from multiple vendors

  • Well over $1M a year in WAN, voice, and internet telecom spend

They were growing fast.

What they didn’t have was visibility into their spend.

No single inventory. No clear view of what each charge was for and what each service did. No way to tell what was still needed vs. quietly billing in the background.

No system to manage or optimize spending as the company scaled.

So every month, the bills got approved. And every month, money leaked out.


The real problem wasn’t people

It was invisibility.

And invisibility compounds at scale.

When you can’t see:

  • what you’re paying for

  • why it exists

  • whether it’s still used

  • or if it matches the contract

You can’t control spend.

You can only tolerate it.


What we did first (Phase One)

Rather than starting with renegotiation or vendor changes, we focused on visibility first.

No vendors were changed. No production services were touched.

We started by creating a complete service inventory.

Line by line. Mapped to location, purpose, usage, and contract.

That’s where the money was hiding.

We reviewed each charge for errors, utilization, and pricing drift.


What we found

Just a few examples:

  • MPLS ports billed above contract rates → $100,000 per year fixed, plus credits recovered

  • Legacy data center circuits that were no longer in use → $315,617 per year eliminated

  • A cybersecurity service still billing for an internet service shut down over a year earlier

  • Stranded credits sitting in old accounts → $35,280 sent back as a check

  • Multiple voice and data circuits with zero usage

None of this required new technology.

It required visibility.


The Phase One result

Over $500,000 in annual savings, identified and executed in Phase One alone.

No vendor changes. No service interruptions. Minimal involvement from their internal team.

The client just had to approve the savings.

Their words, not ours:

“We’re saving money and didn’t have to do any work.”


What happened next

Once the waste was removed, something interesting happened.

We weren’t just cutting costs anymore.

We were able to:

  • Identify where newer services made sense

  • Flag opportunities for upgrades or renewals with better pricing

  • Renegotiate aging services that were quietly drifting off contract

In other words: The same visibility that removed bad costs also created better options going forward.

That’s where additional savings came from.

And that’s why Phase One wasn’t the end.


The takeaway

Most companies don’t overspend on telecom because they’re careless.

They overspend because:

  • no one owns end-to-end visibility

  • bills are approved in aggregate

  • and “the bill looks like last month” becomes the strategy

If you can see everything, the savings stop being mysterious.

They become mechanical.


A simple next step (CTA)

If you’re responsible for a large telecom or network budget and suspect there’s money hiding in plain sight:

Start with visibility.

If you want, we’re happy to:

  • review your current spend at a high level

  • estimate what Phase One savings might look like

  • and tell you if it’s worth pursuing or not

No prep work required on your side.

Just clarity.

This is typically most relevant for firms with complex, multi-location environments.

If it looks like there may be an opportunity, we run this as a done-for-you engagement.

We find the savings. We implement them.

No vendor changes required. No waiting for contract renewals.

If you want to see whether this applies to your environment, contact us or send me a DM on linked and we’ll start with a simple review.

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