Organizations receive a wide variety of bills each month from a number of different service providers. It's important for businesses to not only pay on time, but to also actively monitor their available resources accurately. Bill payment solutions have emerged as a possible answer to these issues. Let's take a quick look at the pros and cons of bill payment solutions...
Need help convincing your executive team that TEM is worth while? It should be as simple as stating - "With TEM, we will actually be saving money, not spending it."
Approving invoices manually includes hidden costs and room for errors. An invoice approval tool can maximize savings and free up time for more important tasks!
Under traditional telecom setups, landlines cost a flat fee per user, and features were typically confined to options like caller ID and voicemail. Smartphones have significantly changed the landscape for telecom spending within a business. Whether organizations supply the hardware or have a bring-your-own-device policy, data usage can quickly get out of hand, piling up costs. Here are three tips you can follow to regain control over telecom usage and management.
WHAT IS IT ASSET MANAGEMENT? IT Asset Management begins with a central repository for your IT inventory.
Up until recently, large TEM vendors provided services only to companies over a certain telecom spend. Where this differentiated them competitively with the ability to manage many enterprise clients simultaneously, medium-sized businesses were turned away and smaller businesses were completely ignored.
If you are working in retail operations or information technology, you fully understand that your job is never quite complete. As the retail landscape continues to evolve to meet the on-demand needs of your customers, operations optimization continues to top your list of priorities. Managing and directing operations requires an immense amount of organization, and with a tool for almost everything, organization is becoming an automated process.
Bills can uncover a lot about what services you use and how much each costs. Businesses often look to lower their overall payments, but as telecom setups become more complex, it can be difficult to accomplish. There are three IT expenses that are burning holes in your pockets which can impact organizations.
Implementing a Telecom Expense Management (TEM) solution is guaranteed to uncover savings from billing errors, contract negotiations and potential refunds, however, there are many other avenues of ROI that are often overlooked.
With telecom and IT spending for data and voice services noted as one of the top line-item expenses for most organizations, it’s imperative that telecom expense management (TEM) is organized seamlessly. In order to manage these expenses with ease, let’s outline the top challenges facing telecom expense management and how to overcome them.
It’s easy to feel like you are in the middle of a juggling act as a Procurement Manager or CPO. No matter how many times you reflect on current processes and procedures, new tools are continuously released to promote the supplier management process.
Manual methods of tracking information are not capable of delivering the in-depth information associated with telecom costs. Each application, service and vendor serves as a separate entry, and tracking these items with legacy solutions leads to inaccurate records and missed opportunities.
A large portion of business revenue goes into keeping operations up and running, and there are likely a number of areas where organizations are overspending or under-utilizing available tools. Infrastructure comes complex as more elements are added, making it difficult to track everything accurately. Companies must understand how to reduce operating costs and make the cuts stick for long-term value.
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Due to the increasing complexity of manufacturing environments, efficient communication has become a critical piece to success. From improving the efficiency of supply chain operations to perfecting the customer experience, telecom and technology tools are one of the most optimize aspects of the business.
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Leading the hospitality industry requires exceptional communications to seamlessly manage staff, scheduling and supporting the needs of each individual guest. Whether your hospitality company floats on water or expands across the globe on land, telecom expense management will provide visibility into your telecom environment and save you 15-30%.