There are always more numbers to crunch. In IT, particularly, you always have to weigh the costs of upgrades against expected returns. We always want new tech to pay for itself several times over, but that won’t happen unless upgrades are made with excellent direction. Usually, the biggest problem with new tech is that it is encumbered by old systems. All too often, upgrade plans overlook cabling infrastructure, and that gets expensive.
Your work involves negotiating software and cloud contracts. You’re aware that time limits can press operations managers to sign contracts as they receive them, and that this, in turn, can lead to unexpected costs…
*Based on the Gartner report, How to Optimize IT Costs.
The use of telecom expense management (TEM) has become increasingly popular over the past two decades. Organizations are seeing time and time again that managing telecom expenses is a key driver in being able to save thousands of dollars each year. Even a single employee who is abusing telecom practices can cost an organization a substantial amount of money. With TEM, it becomes possible to pinpoint employee abuse of mobile services as well as to identify telecom billing errors.
How does this sound for a perfect world? Your C-level executives can access contracts with all business partners instantly. Just as quickly, your executive can review the audit log to see who last worked on it. In preparation for a meeting with the legal department, the shared software assigns the files to the people who need to review it.
No matter what kind of business you run, networking now lies at the heart of your success. From processing payments to securing world-changing research, there is no component of modern work that works independently of computers. That is exactly why it’s so important to build the right networking infrastructure from the outset. Under committing can push you into expensive upgrades while over committing is an obvious waste of money.
If you are working in retail operations or information technology, you fully understand that your job is never quite complete. As the retail landscape continues to evolve to meet the on-demand needs of your customers, operations optimization continues to top your list of priorities. Managing and directing operations requires an immense amount of organization, and with a tool for almost everything, organization is becoming an automated process.
It’s quite the alphabet soup. This is where wireless device reimbursement and wireless policies can get tricky, complicated and time consuming. Do you have the resources to comb through each wireless device invoice for how many phone calls were personal, and how many were for work? How much data was consumed checking email, and how much was used to watch Netflix?
Tablets, iPhones, iPads, Androids, Dells, and Macs. These are only a few devices you see daily, within the workplace. As businesses grow, the number of devices to keep track of grows too. If your inventory is not managed correctly, unnecessary money may be spent.
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Why? It’s a moving target monthly… your organization’s telecom line items are always in flux. New lines and circuits being added every month. iPhones and Android devices being connected and disconnected quarterly as new employees begin and others retire or leave. Or perhaps an organization’s locations are spread far and wide, making it difficult to keep accurate and up-to-date inventories feasible without incurring huge travel (or training) expenses.
Valentine’s day has me in an absolute tizzy this year. Something about the month of February for me is all about the frilly heart cards and candies, chocolates and flowers.
Here at Valicom, we’re embracing this special day by reflecting on all of the reason we love telecom expense management (TEM). Because frankly, after 25 years in business, you could say that we have developed quite a thing for reviewing telecom invoices and building inventories.
Are you considering outsourcing your telecom expense management? You are not alone. More and more organizations are choosing to leave this tedious task to the experts and freeing up their internal resources for the things that they do best. The move is incredibly strategic, outsourcing TEM will help your business reducing overhead costs, while creating efficiency in your processes.
The use of mobile technology allows employees and customers to be connected to the company from just about anywhere in the world. Mobile devices including smartphones, laptops, and tablets are a vital resource tools for every aspect of business from the c-suite, to sales teams, marketers, and customer service.
When most individuals consider inventory in a company, they think about the amount of goods to be sold at any particular time. ‘Inventory’ has many distinct areas within a business. Every part of a company is considered to be inventory item in one form or another, including the tools we use to conduct business day to day. This includes items within your telecom environment, phones on desks, data circuits, and most importantly and volatile…wireless devices and smartphones.
We may have mentioned this previously, but it is so important that we need to review on occasion. Let’s talk about your wireless expenses. How much does your company spend each month – do you know? And the trick question here is – are you sure?