Blogs

5 Ways to Improve Technology Expense Management

Mar 11, 2019

Big data is no longer the future of all business. It’s the present. There’s a good chance that your business already utilizes expense tracking and reporting. That’s important. Without a sharp watch on the exact flow of money into and out of your coffers, you can easily fall behind intense competition.

As big data grows more sophisticated, simply playing ball is no longer enough. You need to make full use of your expense tracking and really optimize cash flow. These five tips can help your company do that at every level.

5 Ways to Manage Cable Costs

Mar 4, 2019

IT is the lifeblood of modern businesses, but it sure gets expensive. Those expenses come in a number of shapes and sizes, and many of them can sneak up on business owners and operators. One cost that often leads to wide eyes and sore pocketbooks is the raw expense of running cables. The technology doesn’t work without them, but no one enjoys paying for them. These five tips can help you get these costs under control and free up some of your budget.

What IT Will Look Like in 2030

Feb 25, 2019

The makeup and mission of a typical IT staff in 2030 will look dramatically different than it does in 2019. IT will have to be more agile and team-oriented than ever before. That’s in order to address the heightened demand for quick responses and creative solutions to business challenges.

Rather than a task-oriented environment in which IT professionals receive assignments and then complete them, they will work in teams to anticipate and address business challenges with elegant IT solutions. Those IT professionals who excel in a team environment will find greater success than those who prefer to work individually.

Telecom Cost Control: Get the Most Savings for the Least Effort

Feb 18, 2019

Redundant lines, carrier overcharges and a myriad of other issues crop up in the course of managing a company’s telecom costs. It’s one area where there’s always money that can be saved if you have the time and manpower to track it down. Many companies don’t. Here are a few big-ticket items to keep an eye on if you want to save money, and it won’t take you months to realize savings.

How to Recruit, Develop and Retain IT Talent

Feb 11, 2019

With the increasing digitalization of the business world, IT has become an ingrained aspect of every business strategy. As such, it should come as no surprise that the demand for top tech talent is at an all-time high, forcing employers to become more creative and determined in not just recruiting new IT talent, but in also developing and retaining new and existing IT talent. The following is a look at a few key strategies companies can employ to improve their own recruitment and retention numbers:

In The News: Valicom Announced as Key Player in Telecom Expense Management

Feb 1, 2019

Verified Market Research has recently published a new report named “Telecom Expense Management Market Size and Forecast to 2025″. This report intends to study the developments of the Telecom Expense Management Market in, including its development status, applicant profiles and future trends, along with focus on the top Key players in the market. To understand all of it, this well-researched report will reveal the market situation in general for you, along with the future forecast of the market.

Internet vs. Telecommunication Services: Differences that Matter for Users’ Rights

Jan 28, 2019

The internet is a global network that provides communication and information options for users. It is made up of interconnected networks that share a set of standard protocols.

Telecommunication (telecom) involves the exchange of information, such as voice, video and data, using electronic devices. It’s a wide term that encompasses many technologies like wireless and wired phones, fiber optics, radio, TV, the internet and other means of transmitted communication.

5 Key Data Storage Trends for 2019

Jan 21, 2019

Software-defined storage (SDS) has been adopted into the infrastructure of today’s data centers because it delivers fast, flexible storage while reducing costs. To do so, SDS leverages out-of-the-box hardware and provides optimized storage management.

According to International Data Corporation, the SDS market will grow at a compound rate of 13.5 percent annually through 2021. It’s a boon to companies stuck with increasingly complex data storage and management needs, especially with expanding regulatory compliance expected to continue in the coming year.

What is the Difference Between Mobile Expense Management and Mobile Device Management (MDM)?

Jan 14, 2019

If your company isn’t tracking all mobile devices, you may be overcharged by your providers. When employees leave, devices should be accounted for and the lines and devices reassigned or canceled. That way, you don’t get charged for services you aren’t using. Unfortunately, it doesn’t take long for these bills to get out of hand. Luckily, there’s a category of software that can help your IT staff manage the process easily.

So, what’s the difference between mobile expense management (MEM) and mobile device management (MDM)?

Why is Expense Management Software Important?

Jan 7, 2019

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.

What the Century Link Outage Tells Us About Enterprise Internet

Dec 31, 2018

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.

10 Things to Spot in Your Invoice Audits

Dec 17, 2018

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!

Why Every Company Needs a Crisis Response Plan Especially in IT

Dec 10, 2018

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.

Replace Your Excel Spreadsheets with A Web-Based TEM Tool

Dec 3, 2018

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.

How Does a TEM Software Solution Streamline Workflow?

Nov 26, 2018

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.

How Often Should Companies Upgrade Mobile Devices?

Nov 12, 2018

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.

5 Ways to Cut IT Infrastructure Costs

Nov 5, 2018

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.

5 Money Traps for IT Departments

Oct 29, 2018

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.

11 Benefits Of Working With A Small Vendor

Oct 22, 2018

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.

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

Oct 15, 2018

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.

New Telecom Savings Opportunity You Can’t Afford to Miss

Oct 2, 2018

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.