Telecom Expense Management

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Staff and Budget Shrunk by COVID? 5 Ways TEM Can Help!

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Staff and Budget Shrunk by COVID? 5 Ways TEM Can Help!

While the economy has begun to open up post-COVID-19, many IT departments are being downsized. This trend may continue to affect technology budgets for the foreseeable future.

Technology workers are used to constant change, from taking on new projects to learning new skills to adapting to new innovations. However, a shrinking talent pool brings its own challenges. Often, IT departments are the first hit when it comes to belt-tightening measures. So, you learn to do more with less.

Telecom Expense Management (TEM) tools can help your organization run more efficiently. You may even find more room in the budget by resolving billing errors or recycling or retiring used devices such as laptops, tablets, and phones. First, you have to identify these opportunities, and it makes sense to invest in the technology that will get you there.

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Get Ready for SASE Growth Among Competitors in 2021

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Get Ready for SASE Growth Among Competitors in 2021

In telecom, as in many other sectors, the pandemic accelerated a move to digital communications and activity among both consumers and employees. During this transition, the telecom industry will continue to serve as a foundation to build digital assets and improve performance in this increasingly crowded space.

The growth of the digital economy combined with sophisticated data management and analysis makes 2021 an exciting time to be in the telecommunications business. One area that enterprises are focusing on includes SASE (“sassy”). Keep reading to learn more about how to implement this technology and stay ahead of the competitors in your industry.

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4 Ways Accounts Payable Can Save More Now with TEM

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4 Ways Accounts Payable Can Save More Now with TEM

With the evolution of technology continuing to grow forward, there’s no doubt that organizations across the globe are seeking new ways to update their invoice management process and complicated technology environments.

Accounts Payable and Chief Financial Officers understand the need to automate but proceed with caution. With automated procedures, the risk of accuracy is always an important variable in the process. Trusting automated systems can put the risk of accuracy on the side which can result in extensive overpayments and other overlooked fees which can make the automation process irrelevant and redundant.

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Escape The Attack of Hidden Invoicing Fees!

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Escape The Attack of Hidden Invoicing Fees!

You take a deep breath as you look at your bank account…

You notice your balance is lower than expected…

Did a mysterious creature steal your identity?

Have you purchased something without knowing?

You peek through your recent charges and discover that your telecom provider increased your rates without your knowledge and charged you a mysterious fee which leaves you stranded with a bigger hole in your account than you anticipated...

AND YOU SCREECH WITH HORROR!

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Valicom's President Reveals TEM Secrets

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Valicom's President Reveals TEM Secrets

We think in-person is much better. Wouldn’t you agree? Here are hot topics in the IT world that are answered by Valicom’s President himself.

Tips for Saving Money Through Accounts Payable

Tips for Saving Money Through Accounts Payable

Running a business is all about managing costs. In all industries, keeping the overhead low is essential. It’s also almost impossible. It feels like costs only ever rise, even while profits like to play their roller coaster games. Ultimately, managing costs gets a lot easier with some specialized help. Telecom Expense Management (TEM) might sound like it has a narrow purview, but it’s really a widespread means of identifying and resolving runaway costs. Despite the name, TEM resources (including audits, planning and software improvements) can revamp all corners of your business, even accounts payable. Here’s how.

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What Businesses Want in an IT Inventory Management System

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What Businesses Want in an IT Inventory Management System

An effective telecom inventory management system provides crucial knowledge on tracking and coordinating your physical assets and contracts. It's an investment that allows you to manage your infrastructure and control costs. In the case of healthcare companies, it can even be a matter of life and death.

Continuous Care for Our Clients

Continuous Care for Our Clients

Our customers are our number one priority - It’s the combination of a great team and continuous feedback from our clients that allows us to adjust and improve to ensure a top notch customer experience. One of the ways we collect data from our clients is through a customer satisfaction survey, sent out on a quarterly basis. Our survey is based on 8 specific categories:

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Telecom Expense Management Is Filled with Innovation

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Telecom Expense Management Is Filled with Innovation

Using telecom expense management (TEM) software helps you analyze your expense data more easily via inventory transparency and reporting. This type of tool, whether on-premise or web-based, lets administrators and users review usage quickly and improve their relationship with suppliers.

For the past decade, innovative technology has changed every industry. Telecom expense management was once one of the most tedious tasks, but also an important one. As of 2010, many organizations checked their telecom bills via paper copies. Spreadsheets provided some relief but still offered a clumsy solution to a sometimes massive task.

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The Importance of Telecom Management Systems

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The Importance of Telecom Management Systems

A telecom inventory management system provides insight into the accuracy of your billing and provides transparency for your contracts with vendors. Investing in telecom inventory management brings the following advantages:

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The Benefits of Leasing Enterprise Technology Assets

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The Benefits of Leasing Enterprise Technology Assets

Leadership is not an easy role. The success of your organization relies on the decisions you make, especially when it directly affects your financial outlook. From the small investments, like whether or not to provide a coffee maker in the break room, to the larger commitments, such as whether or not to expand office space, the pressure is on you to cultivate a thriving operation.

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How Telecom Expense Management Improves Corporate Operations

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How Telecom Expense Management Improves Corporate Operations

Telecom expense management (TEM) is a buzz phrase in a lot of industries. In essence, TEM is the method of contracting a third-party to help you track and analyze all of the technology-related spending in a company. In order to gather that data, you have to take a deep look at every facet of your operations. It’s not unreasonable to expect that such a deep dive could lead to better operations. Here are four ways you can expect TEM to improve your operations regardless of your industry.

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Top 3 TEM Benefits

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Top 3 TEM Benefits

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%

Top 3 TEM Benefits

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.

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Three Ways Expense Management Can Slash Carrier Costs

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Three Ways Expense Management Can Slash Carrier Costs

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.

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When Are Free Cloud Tools Worth It?

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When Are Free Cloud Tools Worth It?

Sure, you need to be on the cloud. We all understand that at this point. The harder question to answer is, which cloud should you use? There are so many options that it can be more than a little overwhelming. You want a good service that is worth what you spend, so how do you narrow your options?

The best starting point is to look at free cloud. As you suspect, free cloud services offer a lot less than their paid counterparts, but when you understand the primary differences, you get a chance to really compare services and find what works best for your business. These are the four times free cloud services are the best choice.