TEM-Helping your Telecom Assets

Telecom Expense Management or TEM is a cloud based system used to help inventory your telecom assets. You and your company can now rely on a safe, either web-based software or you can partner with a single interface TEM company to have them manage your telecom needs. Whether that be managing your circuits accounts or invoices or by helping enforce your business through ordering, approving information or problem resolution.

Some of the benefits of TEM is that it saves you and your company money. Companies can save more than 10% of their annual telecommunications expenses by switching over to a TEM package. TEM also eliminates fraud and unauthorized charges and also increases the accuracy in expense tracking and reporting. So how will your network be managed successfully? To have a fully functioning TEM network, the following would be included:

• Inventory Management
• Order Management
• Financial Management
• Contract Management
• Business Intelligence and Reporting
• Network Management
• Incident Management
• Design and Optimization
• Security Management

TEM companies focus on each business’ needs to ensure progress on companies’ financial and strategic goals. They assess process improvement with on-going cost savings by combining results from automation’s, charge back visibility and process improvement.

So what is the overall goal of Telecom Expense Management? To improve overall telecom management with little effort, and who doesn’t want that? By using a single interface to manage all of your companies personal information and assets through a secure system, doesn’t only allow for a more confident network, but will also keep those dollars in your pocket.

John Perri, CEO of a TEM Company based out of New York, agrees with how successful TEM can be for a company but believes it’s the relationship a business has with their TEM provider that makes the cycle successful and had this to say:

“The relationship a company has with its solution provider throughout the entire lifecycle can make a real difference in how well a TEM strategy pays off.”