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10 Things to Spot in Your Invoice Audits

10 Things to Spot in Your Invoice Audits

Invoice audits are those notorious accounting practices that make you feel like you're squirming in the hot seat. You're well aware you have to endure them because they are critical for the health of your company. Much of the complications (and headaches) that arise from invoice audits are trying to interpret the cryptic billing details that might as well be ancient Greek.

Remember that invoices are all about the numbers. Numbers are always math and math will produce the same results. With this in mind, there are certain things to look for in your invoices that are consistent with every company. So take a deep breath and count to 10 - we'll go over 10 things with you to look for in every successful invoice audit. You got this!

Escape The Attack of Hidden Fees!

Escape The Attack of Hidden Fees!

You take a deep breath as you look at your bank account…

You notice your balance is lower than expected…

Did a mysterious creature steal your identity?

Have you purchased something without knowing?

You peek through your recent charges and discover that your telecom provider increased your rates without your knowledge and charged you a mysterious fee which leaves you stranded with a bigger hole in your account than you anticipated...

AND YOU SCREECH WITH HORROR!

New Telecom Savings Opportunity You Can’t Afford to Miss

New Telecom Savings Opportunity You Can’t Afford to Miss

We are thrilled to announce that we are now disrupting the decades-old telecom expense management (TEM) industry by offering this innovative Savings Share opportunity. The new TEM savings share opportunity works to take the commitment and concern out of the TEM savings process.

28 Years Later... Valicom is Still Shaking up the Telecom Industry

28 Years Later... Valicom is Still Shaking up the Telecom Industry

Valicom named one of the Top 20 Most Promising Technology Solution Providers for Telecom! We’re so excited to be published in CIO Review’s recent issue highlighting the best technology solution providers in the telecom industry.

4 Ways Blockchain is Transforming Financial Data Management

4 Ways Blockchain is Transforming Financial Data Management

Blockchain is transforming industries as fast as mobile platforms and the internet itself did before. Investors around the globe are scrambling to be the first to find new ways to make the technology work. In the financial world, blockchain implementation is expected to save tens of billions of dollars in administrative and accounting costs over the next year. Those numbers are expected to grow over time.

6 Traits You Need in Your TEM Provider

6 Traits You Need in Your TEM Provider

With hundreds of telecom expense management software and service solutions, how can you tell which option is the best one for you? Here are six things to look for in a TEM provider to make sure you receive the best service possible with a reliable software solution.

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Pros and Cons of Bill Payment Solutions

Pros and Cons of Bill Payment Solutions

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...

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VIDEO BLOG: Building Your Business Case for TEM

VIDEO BLOG: Building Your Business Case for TEM

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."

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VIDEO BLOG: Benefits of an Invoice Approval Tool

VIDEO BLOG: Benefits of an Invoice Approval Tool

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!

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3 IT Expenses That You Are Probably Wasting Money On

3 IT Expenses That You Are Probably Wasting Money On

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.

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The Big Trends Driving Change in Retail Operations

The Big Trends Driving Change in Retail Operations

In a world where the customer has a shortened attention span and desire for on-demand products and services, the retail landscape continues to shift further into the tech-assisted operational universe. How do these trends fit into telecom and technology expense management? While maximizing the use of technology tools, systems and platforms can help automate processes and further engage your customers, there is ever more inventory to manage and IT bills to pay.

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Best Practices for Employee Wireless Reimbursement

Best Practices for Employee Wireless Reimbursement

It’s quite the alphabet soup. This is where wireless device reimbursement and wireless policies can get tricky, complicated and time consuming. Do you have the resources to comb through each wireless device invoice for how many phone calls were personal, and how many were for work? How much data was consumed checking email, and how much was used to watch Netflix?

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VIDEO BLOG: What's Hiding in Your Phone Bill?

VIDEO BLOG: What's Hiding in Your Phone Bill?

Businesses are overspending by as much as 50 percent on their telecom bills. Additionally, as many as 80 percent of telephone bills have errors, which could increase costs. Do you or your senior management know what your annual telecom expense total is? If not, now is the time to take control.

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On-Going Telecom Invoice Audits

On-Going Telecom Invoice Audits

Over the years we’ve developed a keen eye for spotting telecom invoice errors, and we’ve created a process that ensures we don’t miss anything along the way. Here is a sneak peak into our methodology for capturing and recouping credits during audits.

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Cost Allocation: Splitting Costs for Transparency

Cost Allocation: Splitting Costs for Transparency

Whatever you call it… it means essentially the same thing. Splitting telecom and technology costs so they can be assigned to the responsible party, department, location, employee. Cost allocation is one of the most important steps towards transparency in a telecom environment. It provides you with the visibility of what is being spent, where and how.