Blogs

Tips for Saving Money Through Accounts Payable

Jun 29, 2020

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.

IT Complexities

Jun 8, 2020

The information technology advancements we have seen over time are incredible, but they also cause headache for our IT professionals every day. Questions like,

How do we keep our information secure?

How Has IT Evolved?

Jun 1, 2020

It’s valuable to know how far we’ve come since the beginning of business IT. The most historical information communication is considered to be through cave drawings, and we’ve come so far since then!

Languages were developed, and the first form of information sharing came to the surface. Here is a timeline of the worlds greatest information technology inventions.

What Businesses Want in an IT Inventory Management System

May 25, 2020

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.

IT Management – It’s a lot.

May 18, 2020

Everything you need to know about technology expense management. A full list of topics and answers – by Valicom’s President and COO, Jeff Poirior.

Continuous Care for Our Clients

May 8, 2020

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:

Why Do You Need A Telecom Expense Management System?

Apr 27, 2020

Companies may pay too much for telecommunications contracts due to the complexity associated with billing and verification, as well as the sheer number of smartphones and other connected devices the average company has to manage. With the large volume of data that accompanies each device, the jobs of telecom analysts have become increasingly daunting.

The Future of the Internet of Things (IoT)

Apr 20, 2020

The Internet of Things or IoT remains a significant telecom trend. With 5G and other innovations, IoT’s remote capability access extends to data centers. The telecom industry will step up the adoption of IoT to reap the benefits of this technology. For instance, IoT lets companies remotely monitor base stations and data centers, identifying problems early and decreasing outages and downtime.

Since telecom companies act as carriers, this industry will play a critical role in deploying IoT solutions. As part of this role, the telecommunications industry is well-positioned to deliver the infrastructure needed to meet the growing IoT demand. Telecom companies stand to increase their revenue by implementing IOT billing models, which may disrupt the entire industry.

IoT devices are expected to grow by the billions in the next five years. Cybersecurity specialists will need to find innovative ways to deal with DDoS attacks that exploit weak security in current IoT devices, and whole cities may become smarter as the benefits and challenges of this technological sea-level change develop.

Telecom Expense Management Is Filled with Innovation

Apr 13, 2020

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.

How Common Are Contract Violations and How Much Do They Cost?

Apr 6, 2020

No matter your industry, your business works with third parties. It’s completely impossible not to, and there’s a good chance you have contracts with each of those parties. They’re standard procedure, and they exist to help everyone involved. What might surprise you is that even with contracts in place, companies violate terms on a somewhat regular basis. It’s not necessarily malicious, but contract violations are a normal thing, and they can cost you a lot of money. Learning about the violations and how to deal with them can lead to big changes in your financial statements.

How Much Help Desk Support Does My Business Need?

Mar 30, 2020

Every business uses technology, and people inevitably need help with that technology. You may have considered tech contracts for installing hardware, deploying software, managing your network and providing cloud resources, but most IT contracts separate help desk support from other services. This is the service that gives you on-demand help when things aren’t working correctly, and having sufficient help desk availability is essential to keeping any business in any industry on target. These ideas can help you determine just how much support you need.

TEMs Support Remote Workers During Critical Monthend Timelines

Mar 23, 2020

Based on labor data, Tech Republic estimates that just 29% of workers can do their jobs remotely. Many of those who do work from home face slower connections and may not have access to enterprise-level systems, such as Telecom Expense Management Systems. As of the time this article was written, the COVID-19 death toll has reached 3.4%, according to the World Health Organization.

Employers are struggling to expand their work-from-home policies to include as many employees as possible. It may be a good time for company leaders to invest in automated solutions that make this process go more smoothly.

This article looks more closely at the challenges of working at home during the pandemic and discusses the benefits of working with reliable ERP systems during critical month-end timelines.

The Importance of Telecom Management Systems

Mar 16, 2020

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:

What Is Covered in a TEM Audit?

Mar 2, 2020

Telecom Expense Management (TEM) promises to help you save money on your technology contracts. TEM providers will claim that on top of saving you money, they can help you make money through more efficient technology investment. They’re big promises, and if you have a healthy level of skepticism, you’ll wonder how. TEM is a big service, and it covers a lot, but at the root of any benefit a TEM provider can offer is a comprehensive TEM audit. Let’s look at what is included in this audit and see how it helps your bottom line.

Debunking 5G Myths

Feb 24, 2020

5G networks are being deployed, and 5G-capable smartphones have already hit the market. You can go on YouTube right now and see people testing their new 5G toys. It’s pretty exciting. With all of the excitement comes the potential for misinformation. 5G is a brand new technology, and it’s changing the game. Unfortunately, not everyone who speaks on the topic has a proper understanding of it all. For that reason, we’re here to debunk a few of the most pervasive myths surrounding 5G. It’s cool stuff, but it’s not exactly what you might think it is.

6 Signs of A Powerful TEM Platform

Feb 17, 2020

It’s safe to say that telecommunications are complicated enough that you need to dedicate resources to tracking their expenses. This concept is known as telecom expense management (TEM), and there are a lot of companies that specialize in helping you to get TEM under control. You have plentiful options, so you should definitely shop around. When you do, there are some key indicators that will help you separate the best TEM software from the rest of the field.

Understanding IT Chargebacks for Forecasts and Budgets

Feb 10, 2020

Allocating costs across departments is one of the most difficult tasks assigned to IT managers and directors. No matter how you slice and dice it, someone will think their department has been overcharged. You can’t please everybody, but you can create an equitable process that treats each department fairly and attempts to represent real-world usage and dependencies into the mix.

Here Is How You Get Cloud Costs Under Control

Feb 3, 2020

Budgeting your IT department might make you feel like a circus performer. You have to balance so many resources on a razor’s edge. It can be stressful, and there’s a serious risk of hurting the company’s bottom line if you get it wrong. One way a lot of companies try to get ahead of this balancing act is by investing in the cloud.

If you outsource IT, it becomes someone else’s problem, but that isn’t always the most cost-effective route. If you want the power to accurately discern when and where you should turn to the cloud, you need cloud expense management. It’s a system that helps you put everything in perspective and compare costs. It’s the key to getting cloud costs under control, and it can help you by performing four important tasks.

Should You Consider Cybersecurity Insurance to Protect Against Breaches?

Jan 27, 2020

By 2027, global spending to secure data in cyberspace may reach $10 billion. Despite the tremendous resources poured into keeping hackers out, daily headlines continue to remind us that even government agencies aren’t immune to breaches.

What Is Cyber Insurance?

A cyber insurance policy helps your organization pay for the costs to recover from data breaches and other cyber attacks. This product evolved from errors and omissions (E&O) insurance in 2005. PwC estimates that by 2020 premiums will reach $7.5 billion. Almost a third of U.S. businesses have added this coverage to their business insurance plans.

The Benefits of Leasing Enterprise Technology Assets

Jan 20, 2020

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.