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In today's business world, CFOs often face challenges in managing the costs of technology expenses while keeping operations running smoothly. At Valicom, we understand these challenges and specialize in Telecom Expense Management (TEM), offering tailored solutions to help businesses navigate technology spending effectively.
The Chief Financial Officer (CFO) has transitioned from merely overseeing financial matters to being a pivotal catalyst for organizational change. With the growing intricacies in today's business landscape, CFOs now play a vital role in guiding their companies toward strategic choices that boost both profitability and efficiency. A cornerstone of this transformational approach involves partnering with Telecom Expense Management (TEM) entities. Let’s explore how this collaboration can lead to transformative changes for you and your clients.
With the increasing digitalization of the business world, IT has become an ingrained aspect of every business strategy. As such, it should come as no surprise that the demand for top tech talent is at an all-time high, forcing employers to become more creative and determined in not just recruiting new IT talent, but in also developing and retaining new and existing IT talent. The following is a look at a few key strategies companies can employ to improve their own recruitment and retention numbers:
The expectation to cut costs and track payments can put major pressure on management to perform. If managers, directors, CFO's and COO's are still using manual methods like spreadsheets, they're likely to make a critical error, throwing off budgets. Managers can expand their capabilities and do so much more with expense management solutions.
Tracking each and every asset within an organization can be tedious, time-consuming and nearly impossible on your own. Chief financial officers have the unenviable task of monitoring resources, determining where there are possible overages and identifying positive investments for future growth. There are three big expense management techniques that CFOs can utilize to monitor costs effectively and make savings stick.
The newest information technologies on the block – social, mobile, cloud and data analytics – can and should do more than boost your organization’s efficiency. Far more than past IT innovations, these new technologies can positively transform your organization – where it competes, why it wins and how it operates. Smart leaders understand this. Meet one in this blog.
What strikes me is how much of this can apply directly to telecom cost control, which is our specialty. Not that it doesn’t make sense. I mean, that is what a CFO is for. They’re like your Dad telling you that you only get your allowance if you spend it on the apple instead of the candy bar. Or buying a book instead of a new video game. The finance people are the gatekeepers for the budget. And this is what they want from their IT and Telecom managers, help keeping the financial house in order. And here’s how they want you to do it…
