Why is Expense Management Software Important?

Why is Expense Management Software Important?

In a world where technology apps and automated processes are king, it would appear logical for expenses to be managed automatically, right? Yet, 50% of businesses still manage their expenses manually according to a recent survey. Among those businesses, 70% of small businesses also perform manual expense management. Ouch.

A lot of companies who perform manual expense management may tell you that they do it because they feel it is more accurate than computers. You may even be one of them. Unfortunately, that is not the case.

Not only are manually managed expenses prone to errors, they are labor intensive and just plain cumbersome to work with. If this sounds like you and you're not sure about making the choice for expense management software yet, we'll give you an apples to apples comparison to familiarize yourself with the automated process and reap its benefits.

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What the Century Link Outage Tells Us About Enterprise Internet

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What the Century Link Outage Tells Us About Enterprise Internet

There’s a good chance you noticed CenturyLink’s big internet outage. It wasn’t a massive news story, but it was still a topic of conversations. Enough businesses in enough locations felt the pain that it was hard to make it through the event unaware. While it might put CenturyLink on the spot a bit, this is a great case study to examine how we plan for internet downtime and derive key lessons that can protect your business in the future.

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10 Things to Spot in Your Invoice Audits

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10 Things to Spot in Your Invoice Audits

Invoice audits are those notorious accounting practices that make you feel like you're squirming in the hot seat. You're well aware you have to endure them because they are critical for the health of your company. Much of the complications (and headaches) that arise from invoice audits are trying to interpret the cryptic billing details that might as well be ancient Greek.

Remember that invoices are all about the numbers. Numbers are always math and math will produce the same results. With this in mind, there are certain things to look for in your invoices that are consistent with every company. So take a deep breath and count to 10 - we'll go over 10 things with you to look for in every successful invoice audit. You got this!

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Why Every Company Needs a Crisis Response Plan Especially in IT

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Why Every Company Needs a Crisis Response Plan Especially in IT

Crisis is a broad term, and it can apply to too many scenarios. Despite that, the best response to pretty much every problem imaginable is to keep channels of communication open. The best channels will of course depend on the situation, so you want to investigate the integrity of all of them.

You need to have a clear picture of what can and will knock out your email, hard-line internet, cellular connections, cans with strings attached to them and anything else you use to stay in touch within your business and with your clients.

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Replace Your Excel Spreadsheets with A Web-Based TEM Tool

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Replace Your Excel Spreadsheets with A Web-Based TEM Tool

Managing your telecom expenses gives you a clear picture of your voice and data consumption, which is essential to your business operations. With the right expense management system in place, you can gain enhanced control of your communications budget and wasting resources will become a thing of the past.

Telecom expense management (TEM) is a highly-sought-after solution that helps businesses pinpoint their overspending patterns and create both long- and short-term savings. Even though operating a TEM solution in-house is often of the utmost value, a cloud-based TEM solution brings more value to the table.

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How Does a TEM Software Solution Streamline Workflow?

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How Does a TEM Software Solution Streamline Workflow?

Running a successful business requires more than the ability to track sales and generated revenue each month. In order to streamline the workflow with your employees while also maximizing productivity, software solutions are extremely beneficial.

Using TEM (Telecom Expense Management) software solution helps to boost productivity while providing advantages over managing the telecommunication bills and data manually and by utilizing manpower in the workplace.

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How Often Should Companies Upgrade Mobile Devices?

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How Often Should Companies Upgrade Mobile Devices?

Plenty of businesses like to provide mobile devices to employees. Some use it as a perk. Others find it’s more cost-effective to be able to collectively bargain the support that comes with using mobile phones in the workplace. Whatever the reasoning, if your business is supplying devices, you need to have an upgrade plan.

While a doctor’s office can try to get away with using ancient desktops, mobile devices don’t last quite so long. With a little bit of planning and a few minutes of reading, you can adjust your upgrade cycle to make sure your plan isn’t hurting the bottom line.

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5 Ways to Cut IT Infrastructure Costs

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5 Ways to Cut IT Infrastructure Costs

It always comes back to money. Many business owners and operators would prefer to put all of their focus towards satisfying customers and providing the goods or services that they truly value.

Unfortunately, there are expenses outside of that scope, and one of the big money eaters in every industry is IT. Yet, bringing those expenses under control doesn’t have to be as daunting as it feels. Here are five tips that can get your spending under control in surprisingly short order.

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5 Money Traps for IT Departments

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5 Money Traps for IT Departments

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.

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11 Benefits Of Working With A Small Vendor

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11 Benefits Of Working With A Small Vendor

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.

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TEM Is the Buzzword That Can Get Your IT Costs Under Control

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TEM Is the Buzzword That Can Get Your IT Costs Under Control

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.

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New Telecom Savings Opportunity You Can’t Afford to Miss

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New Telecom Savings Opportunity You Can’t Afford to Miss

We are thrilled to announce that we are now disrupting the decades-old telecom expense management (TEM) industry by offering this innovative Savings Share opportunity. The new TEM savings share opportunity works to take the commitment and concern out of the TEM savings process.

Top 7 Reasons to Manage Wireless Devices

Top 7 Reasons to Manage Wireless Devices

The use of mobile devices continues to grow at an astronomical speed. Even back in 2013, studies show there were more wireless devices on the face of the earth than there were people. From an operational standpoint, as your network grows larger with a greater use of mobile devices, your need for telecom expense management (TEM) increases too.

In order to stay in the game, it is essential to have a management system in place to keep track of your wireless expenses. Without tracking telecom costs, the majority of companies end up wasting money each month. Here's a close look at the top seven reasons to manage wireless devices.

How to Bridge the IT Talent Gap in the Best Way Possible

How to Bridge the IT Talent Gap in the Best Way Possible

As jobs in the US are growing at an exponential rate and more demand is being placed for skills in cybersecurity and IT talent, the race is on for HR managers to find the ideal workforce for these roles. But as more baby boomers are retiring, the talent gap continues to widen. The most recent Manpower Talent Shortage Survey shows talent gaps in U.S. companies that are as large as 32 percent, particularly those in the construction, healthcare, and manufacturing industries.

Few things hinder a company's functions faster than significant talent holes. This widening gap is challenging HR managers across the country to think outside the box to find new methods for solutions. A few of them from experts in the talent search field is below.

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What We Can Learn From the Girl Scout STEM Initiative

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What We Can Learn From the Girl Scout STEM Initiative

You have undoubtedly heard of gender gaps in STEM fields. It’s apparent enough that most people working in IT can relate on a personal level. Rather than look at political debates and government programs, we’re going to focus on the idea that private investment in STEM-related programs for girls and young women is a surefire way to help bridge that gender gap and help introduce a large number of new people into these industries.

If you really want to stopper the talent gaps in IT and computer science, getting young women excited about the fields is probably the easiest route to take.