Telecom Expense Management … More Than Just A Solution

 
What exactly is Telecom Expense Management (TEM)? Essentially, it means having the ability to manage your wireless, voice and data environment with the goals of reducing risk and cost. It’s a process that is easily completed by oneself, via a web-based software. There is a vast variety of services that is included in TEM:

• Wireless Management
• Wireline Management
• Order Management
• Inventory Management
• Invoice Processing
• Invoice Audit & Recovery
• Contract Negotiation & RFP’s
• Benchmarking
• Cost Allocation

A telecom expense management solution helps you to manage your investments in telecommunications and mobile devices, by delivering greater insight into how your costs are calculated, where your money is being spent and where you can make your savings. But, TEM does a lot more than just show you how much you’re spending on your telecommunications and mobile devices. Adding a rich graphical interface to data management immediately allows for strategies on how to use telecom most effectively, saving both time and money.

Here are some of the benefits of having a TEM Solution:

Improve Profits

• Identify significant savings on your telecom expenses
• Eliminate fraud and unauthorized charges
• Identify errors and recover funds through close inspection or an outsourced audit of your wireline and wireless services

Streamline Operations

• Reallocate personnel to focus on strategic core competencies
• Streamline order fulfillment, auditing, asset management, and payment processes
• Realize more efficient use of employee time

Reduce Risk

• Assure corporate business policy and regulatory compliance
• Increase accuracy in expense tracking and reporting
• Achieve financial goals through no-risk investment models