Tracking each and every asset within an organization can be tedious, time-consuming and nearly impossible on your own. Chief financial officers have the unenviable task of monitoring resources, determining where there are possible overages and identifying positive investments for future growth. There are three big expense management techniques that CFOs can utilize to monitor costs effectively and make savings stick.
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.
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.
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.
To be able to actually control a process the process needs to be measured to obtain visibility and identify any variances. Once an inventory can be organized and a process defined then the foundation is in place to begin measurement and control ultimately resulting in telecommunications expense reduction...