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If you think your company’s telecom bill should bear the warning, “Read it and weep,” try this number on for size: The average large corporate customer is probably paying as much as $8 million a year more than they should on telecommunications through a combination of faulty billings and missed savings opportunities. Now, there’s an expense that would certainly make any finance executive choke up. Yet, according to Boston-based consultants The Aberdeen Group, this kind of bottom-line hemorrhaging is a reality when it comes to telecom spending, which amounts to about 3.6% of most companies’ revenues.

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