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In today's fast-paced digital landscape, businesses rely heavily on technology to stay competitive and efficient. However, managing technology expenses has become increasingly complex, with rising costs, evolving communication options, and the phasing out traditional services like POTS lines. As a leading Technology Expense Management (TEM) vendor offering comprehensive TEM software and managed services, we understand the challenges your business faces, and we are here to provide solutions.
Companies may pay too much for telecommunications contracts due to the complexity associated with billing and verification, as well as the sheer number of smartphones and other connected devices the average company has to manage. With the large volume of data that accompanies each device, the jobs of telecom analysts have become increasingly daunting.
Using telecom expense management (TEM) software helps you analyze your expense data more easily via inventory transparency and reporting. This type of tool, whether on-premise or web-based, lets administrators and users review usage quickly and improve their relationship with suppliers.
For the past decade, innovative technology has changed every industry. Telecom expense management was once one of the most tedious tasks, but also an important one. As of 2010, many organizations checked their telecom bills via paper copies. Spreadsheets provided some relief but still offered a clumsy solution to a sometimes massive task.
Telecom Expense Management (TEM) promises to help you save money on your technology contracts. TEM providers will claim that on top of saving you money, they can help you make money through more efficient technology investment. They’re big promises, and if you have a healthy level of skepticism, you’ll wonder how. TEM is a big service, and it covers a lot, but at the root of any benefit a TEM provider can offer is a comprehensive TEM audit. Let’s look at what is included in this audit and see how it helps your bottom line.
Is your company managing its Cloud infrastructure like a standard data center? In other words, is the IT department purchasing capacity but failing to scale the infrastructure up or down to address changing performance needs?
Although companies using the Cloud may be implementing tools essential for ensuring systems are functioning properly, they are neglecting to utilize other tools designed to take complete advantage of the Cloud's inherent flexibility and affordability. Consequently, these companies frequently come to the conclusion that the Cloud is "too expensive" and replace it with a system that is actually more expensive than the Cloud.
There are always more numbers to crunch. In IT, particularly, you always have to weigh the costs of upgrades against expected returns. We always want new tech to pay for itself several times over, but that won’t happen unless upgrades are made with excellent direction. Usually, the biggest problem with new tech is that it is encumbered by old systems. All too often, upgrade plans overlook cabling infrastructure, and that gets expensive.
Redundant lines, carrier overcharges and a myriad of other issues crop up in the course of managing a company's telecom costs. It's one area where there's always money that can be saved if you have the time and manpower to track it down. Many companies don't. Here are a few big-ticket items to keep an eye on if you want to save money, and it won't take you months to realize savings.
Running a successful business requires more than the ability to track sales and generated revenue each month. In order to streamline the workflow with your employees while also maximizing productivity, software solutions are extremely beneficial.
Using TEM (Telecom Expense Management) software solution helps to boost productivity while providing advantages over managing the telecommunication bills and data manually and by utilizing manpower in the workplace.
The use of telecom expense management (TEM) has become increasingly popular over the past two decades. Organizations are seeing time and time again that managing telecom expenses is a key driver in being able to save thousands of dollars each year. Even a single employee who is abusing telecom practices can cost an organization a substantial amount of money. With TEM, it becomes possible to pinpoint employee abuse of mobile services as well as to identify telecom billing errors.
No matter the industry your business operates in, communication is the soul of your operations. Without effective communication, operational processes become blurred and profit margins decrease. More so, customer satisfaction is hindered and your brand's reputation can easily be tarnished.
You already know that managing telecom expenses is crucial to saving money. With a bird's eye view of your telecom expenses, you can easily pinpoint where you are overpaying for services as well as identify where changes need to be made. More importantly, you can see if employees are abusing their telecom privileges.
When you look at IT and enterprise technology, the need for new technology continues to grow at an exponential rate. Organizations have all kinds of technology, from software as a service (SaaS), infrastructure as a service (IaaS), internet of things (IoT) and tech from the consumer side. These technologies from all different categories need to be organized and managed within your IT and operations department in order to control costs and afford new technology.
This is a follow-up to my previous blog entitled “Helpful Features Provided By Consultant-Specific TEM Systems” and the sixth in a series of blogs that discusses the needs for TEM software in the consultant marketplace and the benefits of utilizing telecom expense management tools for telecom and IT consultants.
