Whatever you call it… it means essentially the same thing. Splitting telecom and technology costs so they can be assigned to the responsible party, department, location, employee. Cost allocation is one of the most important steps towards transparency in a telecom environment. It provides you with the visibility of what is being spent, where and how.
When it comes to the IT and telecom departments, maximizing every single minute matters. The phone is ringing off the hook for new work stations that need to be set up, or pesky iPhone and Microsoft Exchange issues…. The last thing telecom and IT team members need is to be bogged down by time consuming telecom tasks.
Let’s face it – keeping an eye on expenses and use of resources is one of the top priorities of any company, no matter the size or industry vertical. Attaining this level efficiency and transparency can be a difficult task. Delegating all or a portion of managing telecommunication and technology expenses would remove a lot of burden from your shoulders. In this blog learn the top 10 reasons IT and Finance Directors are choosing TEM (telecom or technology expense management).
When it comes to business operating expenses, it’s no surprise that communication (aka: telecom lines, wireless, internet services) costs often are at the top of the list! And yet in our experience, so often these costs go completely unmanaged. Can you imagine $10M+ of telecom spend, with little monitoring or active management?
A seemingly endless amount of invoices arrive at your office every month. Thousands of line items within a complex telecom environment, and expenses that are spiraling out of control. Who is responsible for paying which invoice, and how will these expenses be split amongst the departments? Does this sound familiar? Here’s a quick thought. What might be missing from your telecom processes is cost allocation and bill pay. Add efficiency and transparency to your cost with these managed telecom services, now offered by Valicom.
Are you considering outsourcing your telecom expense management? You are not alone. More and more organizations are choosing to leave this tedious task to the experts and freeing up their internal resources for the things that they do best. The move is incredibly strategic, outsourcing TEM will help your business reducing overhead costs, while creating efficiency in your processes.
In partnership with TEMIA, Valicom releases ‘TEM, WEM and MMS: Calculating the ROI of Telecom Cost Control‘. The white paper discusses building the business case and cost justification for TEM, WEM and MMS programs within your organization. The resource discusses how these initiatives can be harness to free up budget within your squeezed IT and operation budgets.
Telecom costs are often responsible for a business’ largest operating expense, and yet so frequently, they go completely unmanaged. Does this sound familiar? Take the first simple steps to controlling telecom costs by accessing Valicom’s newest white paper, “The Proactive Approach: Controlling Telecom Costs”. This white paper outlines initial questions organizations need to consider to achieve proactive management of telecom costs.
Energy companies tend to have a wide variety of services spread out over many different locations and vendors throughout their service area. Often Energy companies have hundreds of substations in rural areas from more ‘Mom & Pop’ type telephone companies instead of just having 2-3 ‘core’ vendors.
There are many terms that can be assigned to cost allocation. Basically it means is slicing the pie – assigning departments, locations, or employees to the individuals costs associated with the telecom environment. Cost allocation is one of the key ways to keep track of your telecom expenses.
If that’s not a tongue twister, I’m not sure what is. Today we’ve put together ten tips to assist your team in reducing telecom costs across your organization. We didn’t say it’d be easy, but it is definitely worth it.
With 2015 budgeting looming on the horizon, it’s time to take your expense management to the maximum. What did you spend in Quarters 1-3? Which cost centers monopolized your telecom budget, and which devices went unused?
We are continuing our series discussing how telecom management software streamlines telecom management tasks. In our last post, we discussed Telecom Management Software Vs Inventory Management.
Another telecom management task that will conjure up memories of your Mother, or maybe your Father, is the age old question – “Who is going to pay for this thing?” Now that you know what you have, your CFO probably wants to know who is responsible for each particular business expense. Those Accountants, always so picky. But that is what you pay bean counters to do – count beans. And sometimes they even want the beans split into pieces! It is not uncommon to have one inventory item being paid for by multiple departments.