Explore Valicom's blog for essential industry insights and updates. Stay informed and empowered with the latest in technology expense management.
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.
Communications services are one of the top expenses for many companies, a trend that looks like it will only continue to expand. With the exponential growth of data and mobility, the number of mobile users has passed that of desk-bound computer users.
Several factors are at play here. For one thing, mobile broadband networks and cloud computing have changed the way that data and systems are accessed. This makes it possible for users to stay connected all the time from wherever they travel. With the Internet of Things (IoT) expanding into the Industrial Internet of Things (IIoT), whole industries are going mobile to check, update and otherwise interact with an increasingly complex infrastructure.
This evolution has made it essential to strategically manage all of this technology — a task which includes stewardship of the related finances. Finance decision makers have to carefully weigh cost containment against the needs of the organization to maintain reliable communications networks. Transparency and accountability are key factors for finance executives looking for quality data to inform budget decisions and cost analyses. That's where Telecom Expense Management comes in. TEM is designed to improve the visibility of data and assist the finance team when it comes to putting money in the right places.
Technology runs the workplace. There’s no escaping it, but allowing technology to run over the workplace is expensive. There are always more devices, tools and apps that feel like they can help. Eventually, you have to focus on reducing your IT spending.
One way a lot of companies achieve that goal is by utilizing shared devices. If one computer can server two employees, it seems like an easy opportunity to save money. If you have shared devices, and virtually every workplace does, you might benefit from a few tips that can improve on that sharing. Here are five.
Tariffs are the talk of the day for most economists. Stock markets ping pong every time there’s a new announcement, and there are already major business sectors that are bracing for the potential storm of a trade war. There’s a lot of hyperbole and fear involved with this topic, but the truth underneath it all is that every business needs to have an idea of what to expect from these tariffs.
Condensing an analysis of the entire economy into a single blog post would be a little too ambitious, so this one is going to focus on IT. More specifically, we’re going to discuss how tariffs are likely to shape the landscape of IT across industries.
From virtual manufacturing breakthroughs to cybersecurity protocols, breakthrough technologies have no surprise become important for more industries in the business world than in past years.
Adapting to new technologies is an essential process for many companies to evolve, but when does it become necessary to implement them? At what point do you know when investing in new parts or processes steps away from an unnecessary expense and becomes a financial asset? This helpful tool for financial leaders will give you the clues to identify opportunities to enhance your company's financial portfolio and performance for a better return on investment. Let's review.
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.
