How TEM Helps Business Leaders Save Time and Money

Business leaders face increasing pressure to control costs while driving efficiency. One area often overlooked for its potential savings and efficiency improvements is telecom expense management (TEM). From reducing overspending to streamlining vendor relationships, TEM offers significant benefits for businesses of all sizes. 

At Valicom, we specialize in helping business leaders regain control over their telecom expenses through our proven systems and expert solutions. In this blog, we’ll explore how TEM can save your business both time and money, with insights and strategies tailored to industry leaders. 

The Cost of Mismanaged Telecom Expenses 

Telecom and IT expenses can account for up to 15% of a company’s overall operating budget, yet many organizations lack the tools or expertise to manage them effectively. Studies show that up to 30% of telecom charges are billing errors or overcharges, which often go unnoticed without proper auditing processes. 

Additionally, businesses with decentralized operations frequently struggle to keep track of contracts, vendors, and services across multiple locations. This lack of visibility leads to duplicate services, unused lines, and missed opportunities for savings. 

How TEM Saves Business Leaders Time 

1. Streamlining Vendor Management 

For organizations juggling multiple telecom vendors, managing contracts, billing discrepancies, and support requests can become a full-time job. TEM centralizes vendor management, consolidating invoices and contracts into a single platform for easier oversight. 

With Valicom’s Clearview platform, leaders can: 

• View all telecom services and associated costs in one place. 

• Automate routine tasks, such as invoice approvals and dispute tracking. 

• Track contract renewal dates to prevent lapses or unfavorable renewals. 

This streamlined approach eliminates the back-and-forth with vendors, saving an average of 20 hours per month for IT and finance teams. 

2. Automating Audits and Reporting 

Manually auditing telecom invoices is time-intensive and error-prone. TEM solutions like Valicom’s include automated auditing tools that flag discrepancies in real-time, ensuring accurate billing and compliance with contract terms. 

Automated reporting further reduces administrative burdens by delivering insights directly to business leaders, empowering them to make data-driven decisions without combing through spreadsheets. 

How TEM Saves Money for Businesses 

3. Identifying and Eliminating Waste 

Organizations lose thousands of dollars annually to unused or redundant services, with studies revealing that 80% of businesses overpay for telecom services due to lack of oversight. TEM identifies these inefficiencies, such as: 

• Inactive phone lines and data plans. 

• Overlapping services from multiple vendors. 

• Outdated contracts with inflated rates. 

Valicom’s expert team conducts comprehensive inventory audits to pinpoint waste and negotiate cost-effective solutions, helping clients save 10-30% on telecom expenses annually. 

4. Optimizing Contracts and Pricing 

Telecom contracts can be complex, with hidden fees and unclear terms that inflate costs. TEM professionals negotiate better pricing on behalf of clients, leveraging market knowledge and vendor relationships to secure optimal rates. 

At Valicom, we’ve saved businesses millions by renegotiating contracts and ensuring compliance with agreed-upon terms. Our system also tracks contract performance, so you always know whether you’re getting the value you’ve paid for. 

Statistics That Highlight TEM’s Value 

• Billing Errors: Research shows that 12-20% of telecom invoices contain errors, many of which favor the vendor. A TEM system can catch and resolve these errors quickly. 

• Savings Potential: Businesses adopting TEM report average savings of 10-35% on telecom expenses, with some organizations achieving even greater reductions. 

• Time Efficiency: Automating telecom management can reduce administrative time by 30-50%, allowing leaders to focus on strategic priorities. 

Why Business Leaders Choose Valicom for TEM 

Valicom’s approach to TEM combines advanced technology with hands-on expertise and white glove service ensuring you get the most value from your telecom investments. Here’s why we stand out: 

• Customizable Solutions:  

Our Clearview platform is fully customizable, allowing you to tailor features to your organization’s unique needs. Whether you require detailed reporting, automated alerts, or integration with your existing systems, Clearview adapts to your business environment seamlessly. 

• Proactive Auditing:  

We don’t just wait for errors to occur—we actively audit your invoices and contracts to identify savings opportunities. This hands-on approach ensures that billing discrepancies are caught early, helping your organization avoid unnecessary expenses and optimize telecom investments. 

• Expert Support:  

Our team of TEM professionals provides ongoing support, so you’re never left navigating telecom complexities alone. At Valicom, we pride ourselves on building meaningful, long-term relationships with our clients. Our average client partnership spans 8 years, with several exceeding 15 years—a testament to our unwavering attention to detail and genuine care for our clients.
 

We invest time in getting to know your environment, processes, and team. This allows us to adapt to your evolving needs and grow alongside your business. Whether you’re expanding globally, streamlining operations, or addressing new challenges, our team is with you every step of the way. 

• Proven Results:

  With over 30 years of experience, we’ve helped businesses across industries recover millions in telecom savings. We consistently receive high ratings on client satisfaction surveys, reflecting the value we deliver and the trust we build with our clients. Our approach combines expertise, technology, and a genuine commitment to client success, making us a reliable partner for businesses seeking both immediate cost reductions and long-term telecom management solutions. 

Conclusion: Invest in TEM to Drive Growth 

Effective telecom expense management is about more than cutting costs—it’s about freeing up time and resources to focus on your core business goals. With TEM, business leaders gain the visibility, control, and expertise needed to reduce expenses, streamline operations, and enhance overall efficiency. 

At Valicom, we’re committed to helping businesses achieve these outcomes through our tailored solutions and industry-leading platform. Let us show you how TEM can transform your organization. Contact Valicom today to schedule a demo and start your journey toward smarter telecom management.