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.
Telecom Expense Management Is Filled with Innovation
Using telecom expense management (TEM) software helps you analyze your expense data more easily via inventory transparency and reporting. This type of tool, whether on-premise or web-based, lets administrators and users review usage quickly and improve their relationship with suppliers.
For the past decade, innovative technology has changed every industry. Telecom expense management was once one of the most tedious tasks, but also an important one. As of 2010, many organizations checked their telecom bills via paper copies. Spreadsheets provided some relief but still offered a clumsy solution to a sometimes massive task.
How Common Are Contract Violations and How Much Do They Cost?
No matter your industry, your business works with third parties. It’s completely impossible not to, and there’s a good chance you have contracts with each of those parties. They’re standard procedure, and they exist to help everyone involved. What might surprise you is that even with contracts in place, companies violate terms on a somewhat regular basis. It’s not necessarily malicious, but contract violations are a normal thing, and they can cost you a lot of money. Learning about the violations and how to deal with them can lead to big changes in your financial statements.
IT Help Desk Support: How to Determine What Your Business Needs
IT help desk support planning is one of the most overlooked aspects of technology budget management — yet getting it wrong consistently leads to either overspending on unused capacity or costly downtime from insufficient coverage. Learn more about telecom expense...
TEMs Support Remote Workers During Critical Monthend Timelines
Based on labor data, Tech Republic estimates that just 29% of workers can do their jobs remotely. Many of those who do work from home face slower connections and may not have access to enterprise-level systems, such as Telecom Expense Management Systems. As of the time this article was written, the COVID-19 death toll has reached 3.4%, according to the World Health Organization.
Employers are struggling to expand their work-from-home policies to include as many employees as possible. It may be a good time for company leaders to invest in automated solutions that make this process go more smoothly.
This article looks more closely at the challenges of working at home during the pandemic and discusses the benefits of working with reliable ERP systems during critical month-end timelines.
The Importance of Telecom Management Systems
A telecom inventory management system provides insight into the accuracy of your billing and provides transparency for your contracts with vendors. Investing in telecom inventory management brings the following advantages:
What Is Covered in a TEM Audit?
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
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
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
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
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?
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
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
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
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.
Telecom Expense Management Best Practices to Improve Corporate Operations
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...
Top 3 TEM Benefits
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:
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Reduce costs
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Optimize telecom spend
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Improve efficiency
We explore each of these below in order to address common TEM concerns, including:
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Validating invoice accuracy — 26%
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Managing accurate service inventory — 26%
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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
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
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
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
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?
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?