Telecom ExpenseManagementBlogs

Explore our TEM blogs for expert perspective, real examples, and clear guidance to manage telecom and technology expenses confidently, with fresh insights added routinely.

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What Is Covered in a TEM Audit?

What Is Covered in a TEM Audit?

Mar 2, 2020

Telecom Expense Management (TEM) promises to help you save money on your technology contracts. TEM providers will claim that on top of saving you money, they can help you make money through more efficient technology investment. They’re big promises, and if you have a healthy level of skepticism, you’ll wonder how. TEM is a big service, and it covers a lot, but at the root of any benefit a TEM provider can offer is a comprehensive TEM audit. Let’s look at what is included in this audit and see how it helps your bottom line.

Debunking 5G Myths

Debunking 5G Myths

Feb 24, 2020

5G networks are being deployed, and 5G-capable smartphones have already hit the market. You can go on YouTube right now and see people testing their new 5G toys. It’s pretty exciting. With all of the excitement comes the potential for misinformation. 5G is a brand new technology, and it’s changing the game. Unfortunately, not everyone who speaks on the topic has a proper understanding of it all. For that reason, we’re here to debunk a few of the most pervasive myths surrounding 5G. It’s cool stuff, but it’s not exactly what you might think it is.

6 Signs of A Powerful TEM Platform

6 Signs of A Powerful TEM Platform

Feb 17, 2020

It’s safe to say that telecommunications are complicated enough that you need to dedicate resources to tracking their expenses. This concept is known as telecom expense management (TEM), and there are a lot of companies that specialize in helping you to get TEM under control. You have plentiful options, so you should definitely shop around. When you do, there are some key indicators that will help you separate the best TEM software from the rest of the field.

Understanding IT Chargebacks for Forecasts and Budgets

Understanding IT Chargebacks for Forecasts and Budgets

Feb 10, 2020

Allocating costs across departments is one of the most difficult tasks assigned to IT managers and directors. No matter how you slice and dice it, someone will think their department has been overcharged. You can’t please everybody, but you can create an equitable process that treats each department fairly and attempts to represent real-world usage and dependencies into the mix.

Here Is How You Get Cloud Costs Under Control

Here Is How You Get Cloud Costs Under Control

Feb 3, 2020

Budgeting your IT department might make you feel like a circus performer. You have to balance so many resources on a razor’s edge. It can be stressful, and there’s a serious risk of hurting the company’s bottom line if you get it wrong. One way a lot of companies try to get ahead of this balancing act is by investing in the cloud.

If you outsource IT, it becomes someone else’s problem, but that isn’t always the most cost-effective route. If you want the power to accurately discern when and where you should turn to the cloud, you need cloud expense management. It’s a system that helps you put everything in perspective and compare costs. It’s the key to getting cloud costs under control, and it can help you by performing four important tasks.

Should You Consider Cybersecurity Insurance to Protect Against Breaches?

Should You Consider Cybersecurity Insurance to Protect Against Breaches?

Jan 27, 2020

By 2027, global spending to secure data in cyberspace may reach $10 billion. Despite the tremendous resources poured into keeping hackers out, daily headlines continue to remind us that even government agencies aren’t immune to breaches.

What Is Cyber Insurance?

A cyber insurance policy helps your organization pay for the costs to recover from data breaches and other cyber attacks. This product evolved from errors and omissions (E&O) insurance in 2005. PwC estimates that by 2020 premiums will reach $7.5 billion. Almost a third of U.S. businesses have added this coverage to their business insurance plans.

The Benefits of Leasing Enterprise Technology Assets

The Benefits of Leasing Enterprise Technology Assets

Jan 20, 2020

Leadership is not an easy role. The success of your organization relies on the decisions you make, especially when it directly affects your financial outlook. From the small investments, like whether or not to provide a coffee maker in the break room, to the larger commitments, such as whether or not to expand office space, the pressure is on you to cultivate a thriving operation.

How to Balance Software and Services in Your TEM Plan

How to Balance Software and Services in Your TEM Plan

Jan 13, 2020

Telecom Expense Management (TEM) is a vital role in modern business. You have to communicate, and that communication costs money. Without sufficient expertise, you can’t hope to optimize communication costs, and the necessity of modern communication creates a money pit that hurts the business.

That’s why TEM providers are on the rise, and it’s why they offer a large range of packages that can get your spending under control. Picking the right package, though, can be a little tricky. Today, we’re going to explore the means to balance software and service spending in your TEM plan.

How Will Digital Innovations Change the Office in 2020

How Will Digital Innovations Change the Office in 2020

Jan 6, 2020

Technical innovations will have a profound impact on how things are run in traditional offices and other workplaces in 2020. From the power and speed of 5G to voice-enabled tech that makes Siri blush in shame, the coming year promises to be a wild ride. Let’s peel back the calendar for a sneak peek at what’s to come.

How Telecom Expense Management Improves Corporate Operations

How Telecom Expense Management Improves Corporate Operations

Dec 30, 2019

Telecom expense management (TEM) is a buzz phrase in a lot of industries. In essence, TEM is the method of contracting a third-party to help you track and analyze all of the technology-related spending in a company. In order to gather that data, you have to take a deep look at every facet of your operations. It’s not unreasonable to expect that such a deep dive could lead to better operations. Here are four ways you can expect TEM to improve your operations regardless of your industry.

Top 3 TEM Benefits

Top 3 TEM Benefits

Dec 23, 2019

Cost savings is an obvious advantage to telecom expense management or TEM. However, it doesn’t tell the whole story. There are actually three primary advantages to this process:

Reduce costs
Optimize telecom spend
Improve efficiency

We explore each of these below in order to address common TEM concerns, including:

Validating invoice accuracy — 26%
Managing accurate service inventory — 26%
Accurately allocating or charging back costs throughout the business — 24%

Top 3 TEM Benefits

Beyond saving money that could be put to better use, managing your telecom technology expense has other advantages. It won’t save money in the long run if you are cutting back on essential services and ignoring glaring waste. Let’s find out what’s in store beyond cutting the fat.

Three Ways Expense Management Can Slash Carrier Costs

Three Ways Expense Management Can Slash Carrier Costs

Dec 16, 2019

Technology is supposed to solve all of our problems, but when running a business, it often feels like it causes as many headaches as it relieves. Even knowing that you’re probably overlooking areas where your business is engaged in wasteful spending.

A common culprit is in carrier contracting. You need mobile devices to get work done, but really optimizing the carrier plans is no easy feat. This is why Telecom Expense Management (TEM) exists. It’s an industry dedicated to helping businesses direct their telecom spending efficiently and effectively. Here are three easy ways of investing in TEM can save you big bucks on your carrier costs.

7 Tech Trends to Watch Out for In 2020

7 Tech Trends to Watch Out for In 2020

Dec 9, 2019

Emerging tech trends 2026 are set to transform the way businesses operate, communicate, and compete across every industry. Learn more about telecom expense management and how staying ahead of technology shifts connects directly to managing your organization's evolving...

Top Trends in Technology 2020

Top Trends in Technology 2020

Dec 2, 2019

Technology continues to expand at an exponential rate. Some trends that have emerged are changing how we look at the economy and human thought. Others bordered on sci-fi and then surpassed the capabilities of the boldest tech dreamers. Let’s take a closer look at 2020’s top tech trends.

5 Common TEM Myths Debunked for Business Leaders

5 Common TEM Myths Debunked for Business Leaders

Nov 25, 2019

TEM myths debunked — starting with what TEM actually means for your bottom line. Learn more about telecom expense management and how it connects to the broader world of TEM. Technology Expense Management (TEM) is a growing part of almost every industry. It's the...

Is Culture the Secret to Better Data Security?

Is Culture the Secret to Better Data Security?

Nov 18, 2019

According to a report by CNBC, the average American company loses $3.6 million every year to data breaches. Considering plenty of companies don’t have annual data breaches, that should help you understand how costly this problem really is. It’s vital to protect any business from cyberattacks, but there’s a component to this problem that you might be overlooking.

That same report highlighted that the leading cause of data breaches is related to employee behavior. This isn’t because you have secret spies and traitors working for you. Simple oversight and risky, passive behavior is frequently exploited by malicious entities to steal your data. No amount of security software can overcome an employee who takes work home and doesn’t secure it. So, how do you overcome the issue?

TEM Provides Critical Insights for Finance Teams

TEM Provides Critical Insights for Finance Teams

Nov 11, 2019

Communications services are one of the top expenses for many companies, a trend that looks like it will only continue to expand. With the exponential growth of data and mobility, the number of mobile users has passed that of desk-bound computer users.

Several factors are at play here. For one thing, mobile broadband networks and cloud computing have changed the way that data and systems are accessed. This makes it possible for users to stay connected all the time from wherever they travel. With the Internet of Things (IoT) expanding into the Industrial Internet of Things (IIoT), whole industries are going mobile to check, update and otherwise interact with an increasingly complex infrastructure.

This evolution has made it essential to strategically manage all of this technology — a task which includes stewardship of the related finances. Finance decision makers have to carefully weigh cost containment against the needs of the organization to maintain reliable communications networks. Transparency and accountability are key factors for finance executives looking for quality data to inform budget decisions and cost analyses. That’s where Telecom Expense Management comes in. TEM is designed to improve the visibility of data and assist the finance team when it comes to putting money in the right places.

When Are Free Cloud Tools Worth It?

When Are Free Cloud Tools Worth It?

Nov 4, 2019

Sure, you need to be on the cloud. We all understand that at this point. The harder question to answer is, which cloud should you use? There are so many options that it can be more than a little overwhelming. You want a good service that is worth what you spend, so how do you narrow your options?

The best starting point is to look at free cloud. As you suspect, free cloud services offer a lot less than their paid counterparts, but when you understand the primary differences, you get a chance to really compare services and find what works best for your business. These are the four times free cloud services are the best choice.

9 Tech Trends 2026 Reshaping Modern Business

9 Tech Trends 2026 Reshaping Modern Business

Oct 21, 2019

Tech trends 2026 are redefining how businesses operate, compete, and manage technology costs at every level. Learn more about telecom expense management and how staying ahead of tech trends 2026 directly impacts your organization's infrastructure and cost management...

What Is Digital Twin Technology – And Why Is It So Important?

What Is Digital Twin Technology – And Why Is It So Important?

Oct 14, 2019

A digital twin is a model of a product, service or process. Pairing the virtual and physical models allows researchers to analyze data to prevent problems before they happen. This can reduce downtime and assist in the development of new products and services.

What Technology is Becoming Obsolete in Your Lifetime?

What Technology is Becoming Obsolete in Your Lifetime?

Oct 7, 2019

New technologies often emerge slowly, existing alongside current ones. For example, in the field of communications, the telegraph didn’t make the postal system obsolete. People just used them for different purposes. Similarly, newspapers used telegraphs to send and receive urgent information from reporters in the field. However, political commentary and human interest stories could be transmitted more affordably via the post office. Today, disruptive technologies do often immediate make older tech obsolete. Let’s look at a few examples of technologies that may become obsolete in our lifetimes.