Fox Business
Expand
Browse All Video
Watch Live

You're watching...

How Companies Can Cut Costs Without Cutting Jobs

Details

  • Description

    Tangoe CEO Al Subbloie on how companies can reduce their non-labor expenses.

  • Duration 4:14
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

But let's let's turn forward look at something really important here we've got a company that's helping other businesses save money with out cutting jobs without cutting labor.

Also -- the CEO of tango when he joins us now -- -- profiled -- that when you took her company public last July.

And what you do -- you come -- companies and you figure out cost overruns things they don't even realize they're losing on and you configure and teach them how to slice and -- house business.

Business is terrific.

We had a great public offering we did a follow on offering in March our business is growing we've reported.

Several -- quarters in a row and feel terrific about the future.

OK so the one month chart isn't very good but up until just a couple of days ago.

Because we're actually looking pretty darn good.

We were from that standpoint but remember -- when we went public and I chatted with you going public is a long term proposition we feel great about the long term prospect of the business and economies had its ups and downs as you know and sometimes -- macro events can impact stock prices but that's beyond our control.

We just had a professor from -- -- -- he was saying that it's really employers fault that they are not hiring when they actually could.

Teach businesses right now how they can cut their costs without cutting their head count and in fact -- the opportunity to hire people.

-- I think a lot of businesses will would very quickly to do things fast there are are a lot of non labor expenses.

Within the profit and loss statement of most large corporations.

While our area for example runs about 3% of the overall revenue of -- company can be 20000015.

Million as much as 500 million dollars a year.

That people spending communication expenditures for fixed and mobile.

It's an area generally mismanaged and by automating that which is what tango does we can drop that expense 5101520%.

Have -- way when you say automation I think job elimination.

-- not in this case know what we're doing is we're taking and automating.

What is a high air raid in in area difficult to manage for the benefit of reducing.

Carrier communication expenses the expenses are actually paying your carrier partners.

Not internal jobs within the corporation.

People waste money all the time -- -- say it.

If you just look at your own bills you can figure out ways to cut and slice and dice.

All right so you help people manage their expenses -- looking at common inefficiencies.

Nowadays has seen a lot of businesses find things like ipads and different mobile phones and RFID in is that right Arafat -- -- radio frequency I -- -- right.

So these are places where people can actually become way more efficient.

But where does the now I'm more efficient let me hire more people comment.

Well there's a couple points where you brought up about mobile devices I think there's no doubt you and I would agree we live in a time where we're going through mobile revolution right now.

Mobile devices are are getting into the enterprise.

Sometimes an organized way and sometimes and a disorganized way.

Companies need to be able to manage these devices better not only -- the expenses get out of control and again we talked about that dropping those expenses down.

But the security ramifications of that are also a big deal and if companies can save the bottom line was they could hire more people.

Yeah save on the bottom line hire more people your business hopefully grows up Al looking at your IPO.

You went public back in July -- a lot of discussion about the FaceBook IPO which was just a total disaster.

Is bringing the company public still look at strategy.

But but -- remember and I said this at the time going public has a long time.

Strategy marks it's -- financing event and it's been a terrific event for tango it's done tremendous things for our business or customers or sign up by the way did you Scott Johnson & Johnson as a customer means 35 different names added to your -- here we did in the first quarter we are excited about that.

Unit you know going public in in bringing a company public there's a demand supply equation that goes on and I can tell you when we went through to remember it was three days before the debt ceiling -- yes -- we talked about I can remember the markets being a similar turmoil that they are here today.

But it's a long term proposition and we -- -- deal I would say the conservative manner.

But that's not an easy task it's easy after the fact that we can talk about FaceBook right now but again FaceBook -- a long road ahead of it and hopefully you know things look up for them.

It's all on the pricing dialing -- good to -- -- -- -- well good to see you to Al supply is the CEO of --

Load More