Investment into telecom tools can be a critical part of any business’s operations, but more items have been added on to communications bills over the years. Wireless services, mobile devices and other systems are now included under the broad umbrella of telecom, and it can be difficult for organizations to track all of these endpoints and assets.
Energy is an industry we see again and again having the biggest impact through TEM initiatives. Why? Energy management organizations have many services, locations, and vendors, making in-house telecom expense management a tedious task that there is just no time for. TEM services such as invoice auditing and cost allocation have brought Valicom’s energy clients a great amount of savings.
Have you noticed the change from paper to paperless in the last decade? Our society is becoming paperless, and there’s a reason for that. Technology is allowing us to organize and store documents, and other tangibles, electronically. With so many people switching to online databases, you will be behind if you are not implementing this technology.
Benchmarking is an extremely helpful process for companies as they prepare for a Telecom Request For Proposal (RFP). However, many organizations don’t take advantage of it?
Bill Payment is another annoying task on your long list of monthly to do’s. If forgotten about, late fees can accumulate causing you to have unnecessary costs to pay. Many don’t know what the breaking point is, when they should consider outsourcing their bill pay.
Communication is an essential part of any organization. Many businesses are wired to accommodate desk phones as well as internet connectivity to cover a broad range of employee and customer preferences. However, as mobile devices have become a regular part of the workplace, organizations now must account for these expenses and the support that they require.
Sourcing is the process that company’s use to research and select vendors. This process includes understanding the specific attention your telecom environment needs, creating an RFP that will help you best understand what each vendor has to offer, analysis of the bids…
As we approach the end of 2016, companies are starting to budget and plan for 2017. When creating your budget, don’t forget to account for your telecom costs. Expected 2017 TEM trends (telecom expense management) show us that telecom costs are anticipated to increase. Though this is not in company’s favor, it’s good to be aware of. The industry of telecom continues to grow and there are TEM trends to be mindful of as we approach the new year…
In the United States, we are working at one hundred thousand miles a minute. Growth in technology has allowed for an increase in efficiency and productivity. The question of 2016 has been, how do I get as much done as possible, with the least amount of work, creating optimal quality…
Recently, there has been a trend of tablet innovation. Tablets of all sizes have been coming to market. Tablets have gone from a 7-inch screen to 84-inch screen. The 84-inch screened tablet is called the Surface Hub or a ginormablet. More and more companies are finding value and increased collaboration…
As technology declines in the amount of changes made for each model, the goal companies should be striving for is to make each device in the hands of employees last longer…
Cost allocation is a complex task within businesses. Businesses already have to account for direct materials or service costs, R&D costs, rent costs, and client costs. What other costs are there to account for? The expenses that firms subtract from revenues all…
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Tablets, iPhones, iPads, Androids, Dells, and Macs. These are only a few devices you see daily, within the workplace. As businesses grow, the number of devices to keep track of grows too. If your inventory is not managed correctly, unnecessary money may be spent.
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Even though telecom and IT expenditures are one of the largest operating expenses for organizations, many times these expenses are overlooked. Usually there is lack of realization that your organization may be spending way more than is necessary…
There’s a lot of technical terminology when it comes to discussing your telecom environment. TEM, BYOD, COPE, EMM, and MDM. If you’re not sure what these stand for or are just want a refresher, read on as we define some of these TEM terms.
Managing telecom invoices are complicated and overwhelming; and new technology is only making managing your telecom expenses harder. Many companies attempt to manage their telecom invoices and usually find themselves looking at long, hard to read excel spreadsheets. They might as well have a tall stack of unorganized papers on their desk.
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Telecom expenses account for a higher percentage of operating costs than you’d think. With the increase in technology and devices that are being distributed to employees, the need for telecom expense management has been growing. Many businesses’ first approach their telecom expenses by assigning the job to someone in-house, who already have their own responsibilities. This can be stressful and draw away from other tasks that need to be done.
Telecom Contract negotiation can be tricky. It can also save you money you would otherwise be spending. And this is why companies go through the motions of negotiating contracts with their telecom vendors. Unfortunately, blind negotiation won’t get you far. If you feel lost and frustrated when it comes to contract negotiation, you’ve come to the right place.
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How do I control my telecom expenses? When it comes to business operating expenses, it’s no surprise that telecom expenses are usually at the top of the list! And yet in our experience, so often these costs go completely unmanaged. Can you imagine $10M+ of telecom spend, with little to no monitoring or active management?
What is TEM? We keep talking and posting about it, but what exactly is TEM? The acronym itself stands for Telecom Expense Management or Technology Expense Management depending on the environment you work in. Essentially, it means managing your wireless, voice, and data environment with the goals of reducing risk and cost.
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In case you aren’t familiar with Valicom’s Partner Program – here is some helpful information to help you learn more! Valicom is committed to being a strong telecom expense management (TEM) partner for consultants. In an effort to better serve our partner consultants and their clients, we offer the following benefits as part of our partner program.