Telconnex is an audit and recovery service provider to the telecommunication industry based in Dallas, Texas. The company, established in 1996, audits clients' contracts, invoices and identifies billing errors. It also reviews corporate policies, monitoring mechanisms and approval processes. Telconnex offers an array of services, including reducing fraud/misuse, ensuring account credit, validating accurate billing and assessment of telecom policies. It also provides its services to secure competitive bids and negotiating new contracts. The company caters to telecom providers, wireless providers and smaller competitive local exchange carriers (CLECs).