Expense Management

Vital Tips for Negotiating IT Payments

Vital Tips for Negotiating IT Payments

New software is important in every industry. Every year, businesses across the world are spending millions to upgrade their tools and improve their bottom line. But, the very notion of upgrading software has evolved in recent years.

Software as a service (SaaS) is fast becoming one of the most popular ways to achieve enterprise resources without having to make long-term investments that lose value over time. There’s likely more than one SaaS option for your business that holds massive promise. If you really want to investigate SaaS as a means to improving revenue streams, you’re going to have to tackle payment negotiations. This is your introductory guide.

 

Five Tips to Manage Tech Debt

Five Tips to Manage Tech Debt

IT spending is frustrating. It’s often hard to get good return on investment estimates. Even when you do, it takes time for technology to prove its value. Even worse, there are countless tech traps and pitfalls along the way. Many businesses today lose money every year through IT problems. If you want to get in front of this issue, you need to learn how to streamline your IT spending and manage tech debt.

Pop Quiz! What Are Your Next Steps for TEM?

Pop Quiz! What Are Your Next Steps for TEM?

If you are looking for ways to increase productivity and save money, taking the next step toward better telecom and technology management is the perfect way to do so. What are the next steps you ask? Well, it really depends on your organization, your specific environment and needs, and your previous experience with telecom and technology expense management.

Our “Next Steps for TEM” Quiz is a great place to start in figuring this out!

5 Reasons to Deploy Professional Cloud Expense Management

5 Reasons to Deploy Professional Cloud Expense Management

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.

The Impact of AI on the Telecom Industry

The Impact of AI on the Telecom Industry

When you hear AI, do you still think of a beyond the scope of reality science fiction movie? Or maybe you think about that Will Smith movie? Interestingly enough, AI, or artificial intelligence, plays a much larger role in our lives than we may realize.

Not only is AI being used by businesses to streamline workflow, but individuals are using it personally everyday. Ever heard of Alexa by Amazon? Digital voice assistants, such as Alexa or Google Home, have built-in AI technology to interact with consumers, without the users having to lift a finger.

Is Cable Management Hurting Your Bottom Line?

Is Cable Management Hurting Your Bottom Line?

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.

5G and the Future: Separating Fact from Fiction

5G and the Future: Separating Fact from Fiction

"The future is now..." "5G ultimate!" "The latest and greatest!" If you've heard any of these statements before, it was likely in a cell phone shop or advertisement. 5G has gained plenty of hype lately for its usefulness, but do the perks cut the mustard? Let's dig in a little further and find out.

5 Tips for Shared Work Devices

5 Tips for Shared Work Devices

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.

How Enterprise TEM Challenges Drive Customer Acquisition: Based on the Gartner Report

How Enterprise TEM Challenges Drive Customer Acquisition: Based on the Gartner Report

According to a recent Gartner survey, the average reduction of total cost of ownership (TCO) is 13 percent when deploying telecom expense management (TEM). Of the respondents, 40 percent reported a TCO reduction of 10 to 20 percent. 36 percent of the enterprises reported a reduction of 10 percent or less.

Most enterprises would agree that the benefits of TEM are very evident. Some of these advantages include improved business process outcomes, extended scale and geo scope, and better visibility. However, TEM is not without its disadvantages, which include hidden costs and the extra time needed for implementation. In general, customers choose TEM providers based on scalability, TCO reduction, and expected performance. Unfortunately, the disadvantages of TEM cause TCO reduction to be lower than it otherwise would be.

Based on the Gartner report, here is some information about how enterprise TEM challenges drive customer acquisition.

Why You Should Be Optimizing IT Costs Monthly

Why You Should Be Optimizing IT Costs Monthly

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.

Telecom Cost Control: Get the Most Savings for the Least Effort

Telecom Cost Control: Get the Most Savings for the Least Effort

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.

In The News: Valicom Announced as Key Player in Telecom Expense Management

In The News: Valicom Announced as Key Player in Telecom Expense Management

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.

Internet vs. Telecommunication Services: Differences that Matter for Users’ Rights

Internet vs. Telecommunication Services: Differences that Matter for Users’ Rights

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.

What is the Difference Between Mobile Expense Management and Mobile Device Management (MDM)?

What is the Difference Between Mobile Expense Management and Mobile Device Management (MDM)?

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)?

10 Things to Spot in Your Invoice Audits

10 Things to Spot in Your Invoice Audits

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!