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With 2024 approaching, Technology Expense Management (TEM) continues to gain traction in the realm of business optimization. While many associate TEM primarily with cost savings, partnering with a seasoned vendor like Valicom uncovers broader benefits. Here's an insight into the diverse advantages of aligning with Valicom for TEM solutions.
Cost savings is an obvious advantage to telecom expense management or TEM. However, it doesn't tell the whole story. There are actually three primary advantages to this process:
Reduce costs
Optimize telecom spend
Improve efficiency
We explore each of these below in order to address common TEM concerns, including:
Validating invoice accuracy — 26%
Managing accurate service inventory — 26%
Accurately allocating or charging back costs throughout the business — 24%
Beyond saving money that could be put to better use, managing your telecom technology expense has other advantages. It won't save money in the long run if you are cutting back on essential services and ignoring glaring waste. Let's find out what's in store beyond cutting the fat.
Technology is supposed to solve all of our problems, but when running a business, it often feels like it causes as many headaches as it relieves. Even knowing that you’re probably overlooking areas where your business is engaged in wasteful spending.
A common culprit is in carrier contracting. You need mobile devices to get work done, but really optimizing the carrier plans is no easy feat. This is why Telecom Expense Management (TEM) exists. It’s an industry dedicated to helping businesses direct their telecom spending efficiently and effectively. Here are three easy ways of investing in TEM can save you big bucks on your carrier costs.
