Every manager understands how important budgeting and spend tracking is to organize business initiatives – primarily procurement departments across the globe. Spend analytics is indispensable to procurement divisions in order to assist strategic planning and assessing total expenditure on products and administration.
If you are tired of the same-old process and are seeking ways to improve them – look no further than the following five steps to breathe new life into your IT expense management strategy and protect yourself from hidden fees.
Manual methods of tracking information are not capable of delivering the in-depth information associated with telecom costs. Each application, service and vendor serves as a separate entry, and tracking these items with legacy solutions leads to inaccurate records and missed opportunities.