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In today's fast-paced business landscape, effective Technology Expense Management (TEM) is crucial for optimizing costs and ensuring operational efficiency. Many organizations face challenges in this area, ranging from manual expense tracking to insufficient expertise. In this blog post, we'll explore common TEM challenges and how Valicom's solutions, particularly Clearview, address these issues head-on.
Are you struggling to keep track of your expenses? Are you finding that managing your expenses is taking up more and more of your time? There is no one-size-fits-all answer to this question – it depends on your specific situation. However, there are a few general guidelines that can help you decide if outsourcing your expense management is right for you.
Outsourcing your expense management can save you a lot of time and hassle – and it can even save you money! In this blog post, we will discuss the reasons why you should outsource your expense management and when is the best time to do it!
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.
