Organizations worldwide have begun trending toward the management of their enterprise Information Technology (IT) spending with an eye on implementing cost optimization ideas as an ongoing process. Research shows this practice gives organizations more control over their IT spending, generating more accountability and realizing long-term cost savings that still allow organizations to work toward innovation investments.
Big data is no longer the future of all business. It’s the present. There’s a good chance that your business already utilizes expense tracking and reporting. That’s important. Without a sharp watch on the exact flow of money into and out of your coffers, you can easily fall behind intense competition.
As big data grows more sophisticated, simply playing ball is no longer enough. You need to make full use of your expense tracking and really optimize cash flow. These five tips can help your company do that at every level.
IT is the lifeblood of modern businesses, but it sure gets expensive. Those expenses come in a number of shapes and sizes, and many of them can sneak up on business owners and operators. One cost that often leads to wide eyes and sore pocketbooks is the raw expense of running cables. The technology doesn’t work without them, but no one enjoys paying for them. These five tips can help you get these costs under control and free up some of your budget.
The makeup and mission of a typical IT staff in 2030 will look dramatically different than it does in 2019. IT will have to be more agile and team-oriented than ever before. That’s in order to address the heightened demand for quick responses and creative solutions to business challenges.
Rather than a task-oriented environment in which IT professionals receive assignments and then complete them, they will work in teams to anticipate and address business challenges with elegant IT solutions. Those IT professionals who excel in a team environment will find greater success than those who prefer to work individually.
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.
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:
In the past few years, many major companies like eBay and Yahoo have been in the news for information security breaches. Now that cyber criminals are becoming increasingly proficient at lauching cyber attacks, it is essential that you start prioritizing SOC 2 Type I and SOCI II certifications. Here is some information about why you need a SOC 2 Type I & II certified vendor.
Verified Market Research has recently published a new report named “Telecom Expense Management Market Size and Forecast to 2025". This report intends to study the developments of the Telecom Expense Management Market in, including its development status, applicant profiles and future trends, along with focus on the top Key players in the market. To understand all of it, this well-researched report will reveal the market situation in general for you, along with the future forecast of the market.
The internet is a global network that provides communication and information options for users. It is made up of interconnected networks that share a set of standard protocols.
Telecommunication (telecom) involves the exchange of information, such as voice, video and data, using electronic devices. It's a wide term that encompasses many technologies like wireless and wired phones, fiber optics, radio, TV, the internet and other means of transmitted communication.
Software-defined storage (SDS) has been adopted into the infrastructure of today's data centers because it delivers fast, flexible storage while reducing costs. To do so, SDS leverages out-of-the-box hardware and provides optimized storage management.
According to International Data Corporation, the SDS market will grow at a compound rate of 13.5 percent annually through 2021. It's a boon to companies stuck with increasingly complex data storage and management needs, especially with expanding regulatory compliance expected to continue in the coming year.
If your company isn't tracking all mobile devices, you may be overcharged by your providers. When employees leave, devices should be accounted for and the lines and devices reassigned or canceled. That way, you don't get charged for services you aren't using. Unfortunately, it doesn't take long for these bills to get out of hand. Luckily, there's a category of software that can help your IT staff manage the process easily.
So, what’s the difference between mobile expense management (MEM) and mobile device management (MDM)?
In a world where technology apps and automated processes are king, it would appear logical for expenses to be managed automatically, right? Yet, 50% of businesses still manage their expenses manually according to a recent survey. Among those businesses, 70% of small businesses also perform manual expense management. Ouch.
A lot of companies who perform manual expense management may tell you that they do it because they feel it is more accurate than computers. You may even be one of them. Unfortunately, that is not the case.
Not only are manually managed expenses prone to errors, they are labor intensive and just plain cumbersome to work with. If this sounds like you and you're not sure about making the choice for expense management software yet, we'll give you an apples to apples comparison to familiarize yourself with the automated process and reap its benefits.
There’s a good chance you noticed CenturyLink’s big internet outage. It wasn’t a massive news story, but it was still a topic of conversations. Enough businesses in enough locations felt the pain that it was hard to make it through the event unaware. While it might put CenturyLink on the spot a bit, this is a great case study to examine how we plan for internet downtime and derive key lessons that can protect your business in the future.
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!
Crisis is a broad term, and it can apply to too many scenarios. Despite that, the best response to pretty much every problem imaginable is to keep channels of communication open. The best channels will of course depend on the situation, so you want to investigate the integrity of all of them.
You need to have a clear picture of what can and will knock out your email, hard-line internet, cellular connections, cans with strings attached to them and anything else you use to stay in touch within your business and with your clients.