I have been reading the AOTMP telecom expense management (TEM) discussions on LinkedIn and I find it astounding that, after interviewing hundreds of enterprises, AOTMP found that corporations with over $1B in annual revenue experienced an average implementation time for wireless mobility management (WMM)/TEM technology of 10.5 months and companies with less than $50M in annual revenues experienced an average conversion time of 8 months. I’m assuming that enterprises between $50M and $1B in revenues experienced an average implementation time somewhere between the 8 and 10.5 month range.
From this data, I wonder what the level of support or assistance from the TEM/WMM suppliers has been in the implementation phase for the transition to take this long! Granted, many client environment’s are complex and the process of gathering invoices, cost allocation codes, customer service records (CSRs), contracts etc. can be a daunting task; however, with the support and project management of an experienced TEM/WMM supplier team, the transition should take no more than 3 – 4 months even for companies with over $1B in revenues.
Valicom has been implementing TEM/WMM solutions for the past 20 years and the average time it has taken for our most complex business process outsourcing solution for companies with over $1B in revenues is 3 months. With our Clearview SaaS telecom expense management solution, implementation can occur in as little as one month depending on client size and the volume of invoices, circuits and wireless devices they may have. Time is money and the focus is to properly manage the function and reduce business costs. With many clients, one of the main benefits of a telecom expense management solution is company cost savings through reduced telecom expenses. Operational efficiency can also be achieved by utilizing best practices and automated telecom cost management software, once fully implemented. With conversion times as high as 10.5 months, I can only imagine that the return on investment (ROI) is quite long when using other TEM/WMM suppliers based on the AOTMP research statistics.
Over the past 20 years, Valicom has achieved an average telecom cost savings track record of 30.4% savings on our client’s telecom expenses and in most cases a return on investment is realized in the first year of the engagement. With our Clearview telecom cost management software at a lower price point than business process outsourced services, and an almost immediate time to savings, the return on investment is generally much quicker. If you would like to experience the quick implementation first-hand, request a demo today. I guarantee you will be impressed!