Read Our Cost Reduction Blog

blog 6 mins read October 2, 2023

SLA Automation Project Delivers Big Wins for Buyers and Sellers

Service outages and the service level agreement disputes they trigger are frequent sources of headaches for carriers of all types and sizes. MEF and its member companies are well down the path to automated SLA credit calculations and mutual endorsement within a secure, public telecom blockchain environment. There is extreme value to be had for both buyers and sellers through timely SLA enforcement, namely in the form of productivity gains and improved user experience.

blog 4 mins read September 26, 2023

Automated, Secure, Timely SLA Reporting Is Finally a Reality

MEF in partnership with SIB’s telecom and blockchain division, is piloting a revolutionary blockchain-based subscription service for automating the SLA reporting process. This pilot is derived from the MEF Wolf Town Accelerator that uses a member-defined open pre-standard smart contract in the roles of buyer and seller respectively.

blog 5 mins read August 15, 2023

Public Blockchain For Telecom Has Arrived: What It Means for You

You’ve no doubt heard the hype about blockchain. But unless you’re in the one percent of the world’s largest telecommunications carriers big enough to stand up and maintain private blockchain solutions between yourself and your largest trading partners and customers, the reality of distributed ledger technology has always seemed a long way off.

blog 5 mins read August 10, 2023

When’s the Best Time to Fix a Telecom Ordering Error? Before It Ever Gets Billed.

Unfortunately, that’s not the way ordering has ever worked in telecom. As a result, a staggering 70%+ of telecom invoices contain errors!

blog 4 mins read April 2, 2023

5 Tips to Get a Grip On Telecom Costs

Organizations today have major inefficiencies in their telecom networks. Understanding what is on the network and how it should be charged is very complex, and as a result, organizations are paying millions of dollars more than they need to on their bills. There has been an awakening to this fact due to the desire to transform and modernize networks.

blog 4 mins read April 1, 2023

Bank Smarter: Protect Assets, Reduce Banking Fees, And Enhance Yield

Are you losing sleep at night over the safety of your business bank? The recent collapse of Silicon Valley Bank (SVB) has left countless CFOs and treasury service managers reevaluating their risk exposure. But there’s a silver lining to be found if you view SVB’s story as a cautionary tale. From the ashes of SVB’s demise emerge critical lessons for safeguarding your organization’s financial future.