Your understanding of Technology Expense Management (TEM) terminology begins here with Valicom.This TEM glossary explains the most common terms in simple, approachable language to help you understand, manage, & optimize your telecom environment.
Cost Center
Defination:
A department or unit responsible for its own expenses. It helps track and manage spending at a granular level.
Usage Example:
The sales cost center tracked its mobile costs separately.
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