Explore our TEM blogs for expert perspective, real examples, and clear guidance to manage telecom and technology expenses confidently, with fresh insights added routinely.
Organizations have a variety of options when deciding on a telecom expense management solution. But how do you know which solution is right for you? Here are a few tips to pick the best TEM solution.
Business telecom is becoming more complex as technology advances, new trends emerge and more products fall under the telecom umbrella. Due to the increasing number of services and solutions within telecom, alongside vendor competition, the price organizations must pay is rising as well. Fortunately, there are three easy ways that you can reduce your telecom costs without sacrificing your essential systems.
Tracking each and every asset within an organization can be tedious, time-consuming and nearly impossible on your own. Chief financial officers have the unenviable task of monitoring resources, determining where there are possible overages and identifying positive investments for future growth. There are three big expense management techniques that CFOs can utilize to monitor costs effectively and make savings stick.
Like with fine dining, sometimes you just want to “build your own.” You know what you want, and what you need, so why let someone else create a package for you when you can do it yourself.
Up to 20 percent of telecom bills have errors in them. In 26 years of doing telecom auditing, we’ve found that firms are wasting 15 to 40 percent of their annual telecom budget – money they can invest in equipment and other services they provide. Telecom expense management may be the smartest investment to make this year to address these issues.
It’s quite the alphabet soup. This is where wireless device reimbursement and wireless policies can get tricky, complicated and time consuming. Do you have the resources to comb through each wireless device invoice for how many phone calls were personal, and how many were for work? How much data was consumed checking email, and how much was used to watch Netflix?
Healthcare organizations have a number of unique requirements when it comes to their hardware and tools due to industry regulations. There are three essential features that a telecom expense management software should have for these organizations.
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Before diving in, learn more about telecom expense management and how it works. Telecom bill auditing helps businesses uncover hidden costs that silently inflate monthly expenses. Your telecom bills reveal exactly which services you're paying for and how much each one...
Businesses are overspending by as much as 50 percent on their telecom bills. Additionally, as many as 80 percent of telephone bills have errors, which could increase costs. Do you or your senior management know what your annual telecom expense total is? If not, now is the time to take control.
February is often associated with hearts, flowers, candy and showing your love to important people in your life. For businesses, however, it’s hard to feel this affection toward a tool that isn’t valuable or doesn’t have the necessary features. This Valentine’s Day, fall in love with telecom expense management solutions and the benefits they can offer.
Technology has evolved to bring better functionality and streamline legacy business processes. However, many organizations are still relying on their current tools to facilitate their needs rather than moving on to more advanced solutions. In fact, a Ventana Research survey found that although…
Telecom expense visibility is the foundation of any effective cost control strategy — and without it, businesses are flying blind. Learn more about telecom expense management and how achieving full visibility into your telecom environment can unlock significant...
Energy is an industry we see again and again having the biggest impact through TEM initiatives. Why? Energy management organizations have many services, locations, and vendors, making in-house telecom expense management a tedious task that there is just no time for. TEM services such as invoice auditing and cost allocation have brought Valicom’s energy clients a great amount of savings.
Have you noticed the change from paper to paperless in the last decade? Our society is becoming paperless, and there’s a reason for that. Technology is allowing us to organize and store documents, and other tangibles, electronically. With so many people switching to online databases, you will be behind if you are not implementing this technology.
Benchmarking is an extremely helpful process for companies as they prepare for a Telecom Request For Proposal (RFP). However, many organizations don’t take advantage of it?
Bill Payment is another annoying task on your long list of monthly to do’s. If forgotten about, late fees can accumulate causing you to have unnecessary costs to pay. Many don’t know what the breaking point is, when they should consider outsourcing their bill pay.
Telecom cost control is one of the most powerful levers businesses have for redirecting resources toward what matters most — their people. Learn more about telecom expense management and how getting telecom spending under control can free up significant budget for...
Sourcing is the process that company’s use to research and select vendors. This process includes understanding the specific attention your telecom environment needs, creating an RFP that will help you best understand what each vendor has to offer, analysis of the bids…
As we approach the end of 2016, companies are starting to budget and plan for 2017. When creating your budget, don’t forget to account for your telecom costs. Expected 2017 TEM trends (telecom expense management) show us that telecom costs are anticipated to increase. Though this is not in company’s favor, it’s good to be aware of. The industry of telecom continues to grow and there are TEM trends to be mindful of as we approach the new year…
In the United States, we are working at one hundred thousand miles a minute. Growth in technology has allowed for an increase in efficiency and productivity. The question of 2016 has been, how do I get as much done as possible, with the least amount of work, creating optimal quality…
Recently, there has been a trend of tablet innovation. Tablets of all sizes have been coming to market. Tablets have gone from a 7-inch screen to 84-inch screen. The 84-inch screened tablet is called the Surface Hub or a ginormablet. More and more companies are finding value and increased collaboration…
