Network security is still one of the most important and most challenging aspects of running a modern business. Sensitive data is everywhere, and there are a lot of nefarious groups that can make huge money from stealing it. Chances are that you’ve already made some pretty big investments to protect your business from such leaks, but there’s a major issue that is overlooked by most companies today: encryption gaps.
IT spending is frustrating. It’s often hard to get good return on investment estimates. Even when you do, it takes time for technology to prove its value. Even worse, there are countless tech traps and pitfalls along the way. Many businesses today lose money every year through IT problems. If you want to get in front of this issue, you need to learn how to streamline your IT spending and manage tech debt.
What is the perfect recipe for TEM? Valicom has been perfecting their TEM software and services for over 28 years and have broke it down into four simple steps for you. 1. Outline all IT assets 2. Disconnect and remove wasted inventory 3. Track contracts and and invoices 4. Identify and eliminate late fees and errors, saving time and money!
Technology runs the workplace. There’s no escaping it, but allowing technology to run over the workplace is expensive. There are always more devices, tools and apps that feel like they can help. Eventually, you have to focus on reducing your IT spending.
One way a lot of companies achieve that goal is by utilizing shared devices. If one computer can server two employees, it seems like an easy opportunity to save money. If you have shared devices, and virtually every workplace does, you might benefit from a few tips that can improve on that sharing. Here are five.
According to a recent Gartner survey, the average reduction of total cost of ownership (TCO) is 13 percent when deploying telecom expense management (TEM). Of the respondents, 40 percent reported a TCO reduction of 10 to 20 percent. 36 percent of the enterprises reported a reduction of 10 percent or less.
Most enterprises would agree that the benefits of TEM are very evident. Some of these advantages include improved business process outcomes, extended scale and geo scope, and better visibility. However, TEM is not without its disadvantages, which include hidden costs and the extra time needed for implementation. In general, customers choose TEM providers based on scalability, TCO reduction, and expected performance. Unfortunately, the disadvantages of TEM cause TCO reduction to be lower than it otherwise would be.
Based on the Gartner report, here is some information about how enterprise TEM challenges drive customer acquisition.
It seems inevitable that someone who is not an expert in IT will have at least some responsibility of overseeing IT costs and spending. That’s just how things go. What is vital when this occurs is to ensure that anyone in charge of finances has an opportunity to understand some of the unique ways IT costs impact ROI. With that in mind, these are the five of the most common IT-related money traps that hurt businesses in every industry.
Many providers are very concerned about being small scale. As a result, most of them bottle up their potential. Upcoming providers should keep In mind that their small size comes with many benefits as well as disadvantages. Small vendors should appreciate and celebrate their size as it’s the first step towards achieving great success in their messaging and sales process.
It’s therefore important to understand that size is relative. If you consider yourself as a smaller provider in Telecom Expense Management, (or if you’re perceived to be one), it will be determined by who it is you compete with. This article highlights the benefits of working with emerging providers as compared to larger competitors.
Not long ago, Telecom and Technology Expense Management (TEM) were concepts in the exclusive domain of large enterprises. As automation creeps further into every level of every business, it seems only natural that the platforms become more accessible to businesses of all sizes.
If you aren’t familiar with the concept, TEM represents a holistic approach to tracking and managing runaway technology expenses that plague many businesses.
It should come as no surprise that the convergence of IT and telecommunications is now taking place faster than ever. We have known for quite some time that this convergence was going to become a common occurrence among organizations across the globe.
Operating and managing a successful business requires more than the ability to provide products and services with high demand. When you want to build a successful business or brand, keeping your company's IT management skills and techniques in mind is essential. Knowing how to optimize your company's IT management is a way for you to ensure all projects and tasks are being completed as effectively and efficiently as possible, even when you are not around. Optimizing your company's IT management provides a better work culture and environment for employees to help increase the overall output of each day's work.
Modern companies no longer run on simple telephone services, they have evolved to operating on an entire IT and mobile-based infrastructure. One that is ever-changing. As emerging technologies are increasingly adopted, it creates copious amounts of labor-intensive details for businesses to manage...
First, we would like to congratulate you for looking into options to further your firm’s success. Whether you are new to telecom and technology expense management (TEM) or you are seeking a change, there are many factors you are probably evaluating. Join us while we evaluate some common hesitations to making the move and evaluating a TEM provider.
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.
Organizations receive a wide variety of bills each month from a number of different service providers. It's important for businesses to not only pay on time, but to also actively monitor their available resources accurately. Bill payment solutions have emerged as a possible answer to these issues. Let's take a quick look at the pros and cons of bill payment solutions...
Need help convincing your executive team that TEM is worth while? It should be as simple as stating - "With TEM, we will actually be saving money, not spending it."