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February is often associated with hearts, flowers, candy and showing your love to important people in your life. For businesses, however, it's hard to feel this affection toward a tool that isn't valuable or doesn't have the necessary features. This Valentine's Day, fall in love with telecom expense management solutions and the benefits they can offer.
Bill Payment is another annoying task on your long list of monthly to do’s. If forgotten about, late fees can accumulate causing you to have unnecessary costs to pay. Many don’t know what the breaking point is, when they should consider outsourcing their bill pay.
Cost allocation is a complex task within businesses. Businesses already have to account for direct materials or service costs, R&D costs, rent costs, and client costs. What other costs are there to account for? The expenses that firms subtract from revenues all...
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You’ve now realized that you don’t want to waste any more time or money on managing your telecom expenses. Outsourcing telecom expense management is in your best interest, and it’s time to choose a telecom partner. Choosing a telecom partner can be a task in itself, but it doesn’t need to be. You just need to know what to look for. Based on over 25 years of business, we picked out seven characteristics that you should consider when choosing a TEM partner.
Today is all about bill payment, more specifically how your team can outsource the check cutting for the individual invoices that show up in your mailbox every month. If you choose not to outsource your bill payment for telecom, it can cost you time and money. The risks of in-house bill payment are not worth the headache. Three risks to look out for when doing it yourself:
Bill payment for telecom, technology or other monthly-recurring invoices is a time-consuming process. Time consuming for your finance team and for the departments approving the individual expenses (but more about that part later…). Today is all about bill payment, more specifically how your team can outsource the check cutting for the individual invoices that show up in your mailbox every month.
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.
Every month invoices arrive from the Finance or Accounts Payable departments. Charges, invoices and expenses that need to be approved by a variety of department heads, managers and directors. It’s a daunting and complicated task, auditing, allocating, submitting for approval and finally paying these invoices. For most organizations the ‘submitting for approval’ process is the most time consuming and costly part. But it doesn’t have to be.
Invoice approval is just one step of the process. The invoice lifecycle starts with auditing and ends in check cutting, with time and money sinks all along the way. Valicom’s invoice processing services create efficiency for your team while saving you money.
Invoice errors. Those pesky little line items that are costing your operations budgets big time. So what are they? Typically, telco items that are not billing correctly, disconnects gone unprocessed, and a myriad of slamming and cramming fraudulent charges. How will you distinguish what is what? How will you spot those opportunities for savings?
Savings within your telecom invoices are hiding just below the surface. But are you searching hard enough to find them? You would be surprised to know how often telecom invoices go totally unchecked, and how easy it is for telecom invoice errors to slip by. The result is crippling, and might be costing your organization more than you think.
Valentine’s day has me in an absolute tizzy this year. Something about the month of February for me is all about the frilly heart cards and candies, chocolates and flowers.
Here at Valicom, we’re embracing this special day by reflecting on all of the reason we love telecom expense management (TEM). Because frankly, after 25 years in business, you could say that we have developed quite a thing for reviewing telecom invoices and building inventories.
Savings in your telecom invoices are lurking just below the surface. But are you digging deep enough to find them? You would be surprised to know how often telecom invoices go totally unchecked, and how easy it is for telecom invoice errors to slip by.
Are you spotting telecom invoice errors? Little line items may go unnoticed, but can quickly add up to big dollars being spent unnecessarily. Today we are proud to share a Valicom original Infographic!
Telecom bill pay is a time-consuming process, that when handled wrong – can end up costing your organization even more. If you misapply a payment, or miss a deadline – you’ll be slammed with late fees. Avoid these costs (both time and resources) with automatic bill pay, a telecom expense management service offered by Valicom
