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.
The Technology Expense Management Industry Association (TEMIA) reports that initial hard-dollar savings can be as high as 15%, while cost avoidance against future spend can drive that number upwards of 30%. Savings to prove a solid ROI come from the following places:
Savings resulting from skilled employees focusing on less mundane tasks.
Streamlined workflows and automating the TEM process can save valuable time while keeping the inventory updated and reducing errors.
Savings result from cutting inactive lines and accounts, catching billing errors and reducing spend through RFP and contract negotiation.
Performing a comprehensive audit will uncover savings and maximize data usage to get the most for your telecom and IT spend, so you will see these savings immediately. To receive a risk-free savings estimate, click the link below and one of our specialists will be with you shortly.
About the Author: Chantel Soumis
Chantel Soumis brings over a decade of knowledge in workflow enhancement through the use of technology. Chantel studied marketing communications and business administration at Franklin University and proceeded to work in a fast, ambitious environment, assuring client delight in the healthcare and pharmaceutical industries. Passionate about project productivity and streamlining workflows through the use of technology, Chantel strives to inform organizations of Valicom’s advanced telecom expense management software and services by mastering communications and messaging while delivering helpful information and supporting resources.