The CEO called the CFO one morning, deeply concerned about the telecom and technology budget, and why it had increased over 100% over last year – despite efforts to consolidate and run lean. ‘How have these costs gotten out of control? Who’s managing the budget, and what is the plan for getting back on track?’
Managing telecom (wireline and wireless) is one of those tasks that gets pushed to the back of the priorities list, until it becomes the giant elephant in the room. The budgetary line item that can simply no longer be ignored. And then what?
Telecom expense management isn’t just for the telecom managers and the IT department anymore. The costs associated with making communications work at your organization is something that reaches up into the finance department, and even as high as the CFO. Find better cost control with the right tools and services. Outsourced telecom expense management brings better transparency to these costs, while adding efficiency to the processes.
Here are some highlights of the benefits of TEM:
Invoice Processing:
- Avoid late fees and penalties by assuring invoices are received and processed in a timely fashion
- Request consolidated or custom invoices to gain visibility into desired areas and costs
- Eliminate the costs associated with staff time to open, process and file telecom invoices
Bill Pay:
- Gain visibility into how much departments or locations are spending, and on what, allowing for greater accountability.
- Get customized reports on how various cost centers compare to one another and access detailed information on cost rollup.
- See where the actual spend varies from the budgeted costs.
- Make invoice auditing easier, enabling more savings to be recovered.
Cost Allocation
- Gain visibility into how much departments or locations are spending, and on what, allowing for greater accountability.
- Get customized reports on how various cost centers compare to one another and access detailed information on cost rollup.
- See where the actual spend varies from the budgeted costs.
Contract Negotiations:
- Know the contract terms are properly matched to current and future telecom needs.
- Ensure best features, at the lowest cost, and with the most flexibility.
Better estimate future expenses for communications and infrastructure budgeting. Gain peace of mind that your invoices are being processed and audited properly by telecom experts every single month. The results are major cost savings, historical credits for invoice errors, and more time doing what your business does best.
Ready to remove the telecom risks from your telecom budget? Request a conversation with our team to learn how we can impact your day-to-day financial processes.