Up until the early 1980s, most telephone networks in the United States were operated and owned by AT&T. Since AT&T was a monopoly, the firm dictated the services and equipment available for customer use and their charges. Although this arrangement might not have been suitable for their clients, it was simple and straightforward. With time, new entrants into the industry were established, and billing overcharges became rampant. Here are a few tips to keep in mind when managing corporate telecom expenses using Excel.
If your business uses any type of telecommunications to perform its operations, then you likely have a need for telecom expense management (TEM). And the truth is, almost all businesses use telecommunication in at least one form, meaning all of them can benefit from investing in TEM software.
Even though many business owners frown upon having to make yet another investment in another type of technology, when looking over the benefits of TEM software, you will start to see that instead of an investment, it actually proves to be a valuable asset. For now, let's take a look at TEM software and how it proves to a valuable investment.
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.