Explore our TEM blogs for expert perspective, real examples, and clear guidance to manage telecom and technology expenses confidently, with fresh insights added routinely.
Reducing IT spending starts with making the most of the technology your organization already has. Learn more about telecom expense management and how smarter resource management connects directly to controlling technology costs across your organization. Technology...
Your work involves negotiating software and cloud contracts. You’re aware that time limits can press operations managers to sign contracts as they receive them, and that this, in turn, can lead to unexpected costs…
*Based on the Gartner report, How to Optimize IT Costs.
IT performance optimization does not always require a budget. Learn more about telecom expense management and how the same audit-driven approach that controls telecom costs can be applied to improving your entire technology environment. It's a frustration we've all...
Tech talent recruitment strategies are more critical than ever in today's competitive hiring landscape. Learn more about telecom expense management and how smart resource planning connects to building the right tech team. Unemployment is pretty low right now. While it...
According to a recent Gartner survey, the average reduction of total cost of ownership (TCO) is 13 percent when deploying telecom expense management (TEM). Of the respondents, 40 percent reported a TCO reduction of 10 to 20 percent. 36 percent of the enterprises reported a reduction of 10 percent or less.
Most enterprises would agree that the benefits of TEM are very evident. Some of these advantages include improved business process outcomes, extended scale and geo scope, and better visibility. However, TEM is not without its disadvantages, which include hidden costs and the extra time needed for implementation. In general, customers choose TEM providers based on scalability, TCO reduction, and expected performance. Unfortunately, the disadvantages of TEM cause TCO reduction to be lower than it otherwise would be.
Based on the Gartner report, here is some information about how enterprise TEM challenges drive customer acquisition.
Huawei is a big name in the headlines right now. The Chinese tech company seems to be in hot water over a number of allegations. Whatever the future holds, it’s clear that their international deals are going to suffer for at least a while. Since you’re going to continue to hear about Huawei for some time, maybe it’s worth a little investigation. What exactly went wrong for Huawei, and what can you learn from it?
Organizations worldwide have begun trending toward the management of their enterprise Information Technology (IT) spending with an eye on implementing cost optimization ideas as an ongoing process. Research shows this practice gives organizations more control over their IT spending, generating more accountability and realizing long-term cost savings that still allow organizations to work toward innovation investments.
Big data is no longer the future of all business. It’s the present. There’s a good chance that your business already utilizes expense tracking and reporting. That’s important. Without a sharp watch on the exact flow of money into and out of your coffers, you can easily fall behind intense competition.
As big data grows more sophisticated, simply playing ball is no longer enough. You need to make full use of your expense tracking and really optimize cash flow. These five tips can help your company do that at every level.
Network cabling costs are one of the most overlooked line items in any IT budget — but they do not have to be. Learn more about telecom expense management and how the same principles of proactive cost management apply directly to controlling your organization's...
The makeup and mission of a typical IT staff in 2030 will look dramatically different than it does in 2019. IT will have to be more agile and team-oriented than ever before. That’s in order to address the heightened demand for quick responses and creative solutions to business challenges.
Rather than a task-oriented environment in which IT professionals receive assignments and then complete them, they will work in teams to anticipate and address business challenges with elegant IT solutions. Those IT professionals who excel in a team environment will find greater success than those who prefer to work individually.
Redundant lines, carrier overcharges and a myriad of other issues crop up in the course of managing a company’s telecom costs. It’s one area where there’s always money that can be saved if you have the time and manpower to track it down. Many companies don’t. Here are a few big-ticket items to keep an eye on if you want to save money, and it won’t take you months to realize savings.
With the increasing digitalization of the business world, IT has become an ingrained aspect of every business strategy. As such, it should come as no surprise that the demand for top tech talent is at an all-time high, forcing employers to become more creative and determined in not just recruiting new IT talent, but in also developing and retaining new and existing IT talent. The following is a look at a few key strategies companies can employ to improve their own recruitment and retention numbers:
Verified Market Research has recently published a new report named “Telecom Expense Management Market Size and Forecast to 2025″. This report intends to study the developments of the Telecom Expense Management Market in, including its development status, applicant profiles and future trends, along with focus on the top Key players in the market. To understand all of it, this well-researched report will reveal the market situation in general for you, along with the future forecast of the market.
The internet is a global network that provides communication and information options for users. It is made up of interconnected networks that share a set of standard protocols.
Telecommunication (telecom) involves the exchange of information, such as voice, video and data, using electronic devices. It’s a wide term that encompasses many technologies like wireless and wired phones, fiber optics, radio, TV, the internet and other means of transmitted communication.
Data storage management is evolving rapidly, and businesses that fail to keep pace risk falling behind on both performance and compliance. Learn more about telecom expense management and how it connects to broader IT infrastructure cost control. Software-defined...
If your company isn’t tracking all mobile devices, you may be overcharged by your providers. When employees leave, devices should be accounted for and the lines and devices reassigned or canceled. That way, you don’t get charged for services you aren’t using. Unfortunately, it doesn’t take long for these bills to get out of hand. Luckily, there’s a category of software that can help your IT staff manage the process easily.
So, what’s the difference between mobile expense management (MEM) and mobile device management (MDM)?
In a world where technology apps and automated processes are king, it would appear logical for expenses to be managed automatically, right? Yet, 50% of businesses still manage their expenses manually according to a recent survey. Among those businesses, 70% of small businesses also perform manual expense management. Ouch.
A lot of companies who perform manual expense management may tell you that they do it because they feel it is more accurate than computers. You may even be one of them. Unfortunately, that is not the case.
Not only are manually managed expenses prone to errors, they are labor intensive and just plain cumbersome to work with. If this sounds like you and you’re not sure about making the choice for expense management software yet, we’ll give you an apples to apples comparison to familiarize yourself with the automated process and reap its benefits.
There’s a good chance you noticed CenturyLink’s big internet outage. It wasn’t a massive news story, but it was still a topic of conversations. Enough businesses in enough locations felt the pain that it was hard to make it through the event unaware. While it might put CenturyLink on the spot a bit, this is a great case study to examine how we plan for internet downtime and derive key lessons that can protect your business in the future.
Invoice audits are those notorious accounting practices that make you feel like you’re squirming in the hot seat. You’re well aware you have to endure them because they are critical for the health of your company. Much of the complications (and headaches) that arise from invoice audits are trying to interpret the cryptic billing details that might as well be ancient Greek.
Remember that invoices are all about the numbers. Numbers are always math and math will produce the same results. With this in mind, there are certain things to look for in your invoices that are consistent with every company. So take a deep breath and count to 10 – we’ll go over 10 things with you to look for in every successful invoice audit. You got this!
Crisis is a broad term, and it can apply to too many scenarios. Despite that, the best response to pretty much every problem imaginable is to keep channels of communication open. The best channels will of course depend on the situation, so you want to investigate the integrity of all of them.
You need to have a clear picture of what can and will knock out your email, hard-line internet, cellular connections, cans with strings attached to them and anything else you use to stay in touch within your business and with your clients.
Managing your telecom expenses gives you a clear picture of your voice and data consumption, which is essential to your business operations. With the right expense management system in place, you can gain enhanced control of your communications budget and wasting resources will become a thing of the past.
Telecom expense management (TEM) is a highly-sought-after solution that helps businesses pinpoint their overspending patterns and create both long- and short-term savings. Even though operating a TEM solution in-house is often of the utmost value, a cloud-based TEM solution brings more value to the table.
