Blogs

How to Balance Software and Services in Your TEM Plan

How to Balance Software and Services in Your TEM Plan

Telecom Expense Management (TEM) is a vital role in modern business. You have to communicate, and that communication costs money. Without sufficient expertise, you can’t hope to optimize communication costs, and the necessity of modern communication creates a money pit that hurts the business.

That’s why TEM providers are on the rise, and it’s why they offer a large range of packages that can get your spending under control. Picking the right package, though, can be a little tricky. Today, we’re going to explore the means to balance software and service spending in your TEM plan.

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How Will Digital Innovations Change the Office in 2020

How Will Digital Innovations Change the Office in 2020

Technical innovations will have a profound impact on how things are run in traditional offices and other workplaces in 2020. From the power and speed of 5G to voice-enabled tech that makes Siri blush in shame, the coming year promises to be a wild ride. Let’s peel back the calendar for a sneak peek at what’s to come.

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How Telecom Expense Management Improves Corporate Operations

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

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

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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7 Tech Trends to Watch Out for In 2020

7 Tech Trends to Watch Out for In 2020

With so many changes in tech, it’s hard to choose just seven trends that will emerge in 2020. The seven we chose are game-changers, some of which have appeared on similar lists in the past but which promise to evolve in the new year in exciting ways.

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Top Trends in Technology 2020

Top Trends in Technology 2020

Technology continues to expand at an exponential rate. Some trends that have emerged are changing how we look at the economy and human thought. Others bordered on sci-fi and then surpassed the capabilities of the boldest tech dreamers. Let’s take a closer look at 2020’s top tech trends.

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5 Myths About TEM

5 Myths About TEM

Technology Expense Management (TEM) is a growing part of almost every industry. It’s the method of partnering with a third part to go over your technology spending and investment to make sure the money spent is working positively. A lot of companies quickly find that TEM can point out inefficient spending, and TEM solutions help them find better ways to do the same old thing. It sounds promising, but technology changes are always scary.

Often, the people in charge don’t have a tech background, and the ensuing guesswork is nerve wracking. Let’s remove some of that stigma from TEM. When you know more about it, you can better assess what is right for your business. That’s why we should debunk these five common myths people believe about TEM.

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Is Culture the Secret to Better Data Security?

Is Culture the Secret to Better Data Security?

According to a report by CNBC, the average American company loses $3.6 million every year to data breaches. Considering plenty of companies don’t have annual data breaches, that should help you understand how costly this problem really is. It’s vital to protect any business from cyberattacks, but there’s a component to this problem that you might be overlooking.

That same report highlighted that the leading cause of data breaches is related to employee behavior. This isn’t because you have secret spies and traitors working for you. Simple oversight and risky, passive behavior is frequently exploited by malicious entities to steal your data. No amount of security software can overcome an employee who takes work home and doesn’t secure it. So, how do you overcome the issue?

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TEM Provides Critical Insights for Finance Teams

TEM Provides Critical Insights for Finance Teams

Communications services are one of the top expenses for many companies, a trend that looks like it will only continue to expand. With the exponential growth of data and mobility, the number of mobile users has passed that of desk-bound computer users.

Several factors are at play here. For one thing, mobile broadband networks and cloud computing have changed the way that data and systems are accessed. This makes it possible for users to stay connected all the time from wherever they travel. With the Internet of Things (IoT) expanding into the Industrial Internet of Things (IIoT), whole industries are going mobile to check, update and otherwise interact with an increasingly complex infrastructure.

This evolution has made it essential to strategically manage all of this technology — a task which includes stewardship of the related finances. Finance decision makers have to carefully weigh cost containment against the needs of the organization to maintain reliable communications networks. Transparency and accountability are key factors for finance executives looking for quality data to inform budget decisions and cost analyses. That’s where Telecom Expense Management comes in. TEM is designed to improve the visibility of data and assist the finance team when it comes to putting money in the right places.

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When Are Free Cloud Tools Worth It?

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.

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9 Technology Trends to Master in 2020

9 Technology Trends to Master in 2020

2019 has seen the maturation of some tech trends that have been developing over the years, as well as cutting edge technologies in the infancy of their applications. And, disruptor technologies are now being employed by mainstream businesses, such as banks. Here’s a closer look at what’s happening in tech this year.

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What Technology is Becoming Obsolete in Your Lifetime?

What Technology is Becoming Obsolete in Your Lifetime?

New technologies often emerge slowly, existing alongside current ones. For example, in the field of communications, the telegraph didn’t make the postal system obsolete. People just used them for different purposes. Similarly, newspapers used telegraphs to send and receive urgent information from reporters in the field. However, political commentary and human interest stories could be transmitted more affordably via the post office. Today, disruptive technologies do often immediate make older tech obsolete. Let’s look at a few examples of technologies that may become obsolete in our lifetimes.

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The Future of Enterprise Data Centers

The Future of Enterprise Data Centers

For over half a century, enterprise data centers have been stored and processed vital information for businesses. Though they have evolved with every technological advancement throughout the years, these technical environments are finally feeling the effects of disruption in the technology world.

Due to changes in areas such as hardware/software, telecommunications, artificial intelligence (AI), and operations, traditional data centers are being forced to keep up in order to continue playing such a huge part in data management. The question, of course, is this: what do the infrastructure and operations managers need to do in order to set their enterprise data centers up for success in the future?

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Can Authentication Innovations Protect Your Systems?

Can Authentication Innovations Protect Your Systems?

In the digital age, information security is often the most important aspect of your business. It’s easy to feel out of your depth, but these issues have to be faced. One of the biggest sources of information breaches or data theft is users within a company. You have great employees, but the majority of them are not computer security experts. In order to help them avoid some of the most costly mistakes, you want built-in protection in all of your computers and systems. That is where some of the latest innovations in user authentication can help.

 

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Vital Tips for Negotiating IT Payments

Vital Tips for Negotiating IT Payments

New software is important in every industry. Every year, businesses across the world are spending millions to upgrade their tools and improve their bottom line. But, the very notion of upgrading software has evolved in recent years.

Software as a service (SaaS) is fast becoming one of the most popular ways to achieve enterprise resources without having to make long-term investments that lose value over time. There’s likely more than one SaaS option for your business that holds massive promise. If you really want to investigate SaaS as a means to improving revenue streams, you’re going to have to tackle payment negotiations. This is your introductory guide.

 

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Quantum Computing: The Future of Data Security

Quantum Computing: The Future of Data Security

Quantum computing technologies may soon provide protection from “mega-hacks” that expose huge amounts of sensitive information, like credit card numbers, health records, and high-value intellectual property. These costly cyber attacks put pressure on military, governments, institutions, and businesses to develop new ways to keep data secure during transmission.

This article explains what quantum computing is and how it is reshaping the data security landscape. Quantum entanglement, super-positioning, and quantum key distribution (QKD) are also reviewed in order to show how quantum information science can be used to create ultra-safe networks.

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The Real Cost of Encryption Gaps

The Real Cost of Encryption Gaps

Network security is still one of the most important and most challenging aspects of running a modern business. Sensitive data is everywhere, and there are a lot of nefarious groups that can make huge money from stealing it. Chances are that you’ve already made some pretty big investments to protect your business from such leaks, but there’s a major issue that is overlooked by most companies today: encryption gaps.

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Five Tips to Manage Tech Debt

Five Tips to Manage Tech Debt

IT spending is frustrating. It’s often hard to get good return on investment estimates. Even when you do, it takes time for technology to prove its value. Even worse, there are countless tech traps and pitfalls along the way. Many businesses today lose money every year through IT problems. If you want to get in front of this issue, you need to learn how to streamline your IT spending and manage tech debt.

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Email Security Tips for Your Corporate Environment

Email Security Tips for Your Corporate Environment

Internet security is a hot topic among corporate environments. After all, all businesses know they must protect the data they store on the Internet. For many companies, though, they wait until it’s too late to put Internet security practices into place, especially when it comes to email security tactics.

If you feel like a data breach will never happen to you, you may want to think again. In 2018 alone, the banking/credit/financial industry endured a mind-boggling 1,707,223 data breaches. The business industry had 22,164,590 breaches of data while the education industry faced 832,115. The medical/healthcare industry had 5,761,001. Government/military entities had 16,766,327. Needless to say, regardless of the industry that you operate in, data protection should remain a top priority. Let’s take a close look at email security tips for your corporate environment.

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