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Most enterprises waste millions of dollars annually by not managing their telecom spend in a standardized, centralized, more accurate way. You have continually changing inventory, complex billing for a wide range of offerings, and baffling contracts with amendments that are difficult to understand.

Having ballooned up to a top 4 overall expense of the entire company, telecom is a significant expense that requires strategic management. For this month's Telesoft Edge, I've included some tips and tools to help you better manage your telecom expenses and reduce cost.

Featured Article

4 Steps to Savings With Telecom Expense Management

You're all too familiar with the struggle to articulate the value and cost-justification of new programs. This is not the case with TEM programs. Savings from these programs come from four core areas:

  • Expense validation and recovery of billing errors
  • Cost avoidance
  • Automation of manual processes
  • Improved decision-making

Expense Validation and Recovery Billing Errors.
Telecom billing errors are common and tend to favor overcharging. If you don’t establish a proactive program to validate billing, plan to pay 2% to 20% extra for telecom services. Also, without a program, it is nearly impossible for organizations to recoup savings after the statute of limitations and/or contract expirations.

Cost avoidance savings.
To avoid paying an added 4% to 25% for telecom expenses, you need a solution that automatically prevents:

  • Paying for unused services
  • Paying extra for mobility service plans that are not optimized to the consumption patterns of employees
  • Neglecting to suspend mobile service plans for terminated employees

Automation of manual processes.
Automated invoice processing helps organizations manage a wide range of billing formats (EDI, HTML, CD ROM) from telecom service providers. The complexity and range of telecom services make it challenging for most enterprises to manage these expenses internally. You can save on labor by automating data gathering, report creation, and usage charge- backs.

Value from improved decision-making.
Reporting from TEM programs enable you to focus your staff on making better decisions and delivering savings, rather than data gathering and report creation. You’ll finally be able to abandon your reliance on spreadsheets and manual processes to report on telecom.

Get Started with a Free Cost Savings Analysis.
If you’re looking for ways to cut costs and improve the bottom line, this one has your name on it. Give us 30 minutes and we’ll:

  • Show you how much you can save with telecom expense management.
  • Pinpoint opportunities to lower your current telecom expenses.
  • Provide a detailed report showing the savings you can expect in 4 major areas of telecom expense management.

Register for your FREE Telecom Cost Savings Analysis Now!

Product Spotlight: Telesoft Invoice Management

You have plenty of competing high priorities and do more than your share of problem-solving these days. Why add “TEM Champion” to the list? Do it because it’s the fastest way to cut expenses and optimize spending without cutting critical programs. If this isn’t on your “Survival List of the Day,” it should be. You’ll see immediate savings as well as generate ongoing financial and operational benefits that will continue to pay off over the long-term.

A Telesoft TEM solution delivers swift, proven results and enables you to:

Learn more about Telesoft Invoice Management.

The Latest News

 

Volume 1, Issue 6
December 8, 2009

In This Issue

4 Steps to Savings with Telecom Expense Management

Automate Invoice Processing, Validation, and Reporting

The Latest News

Featured Downloads
Free Telecom Cost Analysis: Pinpoint opportunities to lower your current telecom expenses and get a detailed report showing the savings you can expect in 4 major areas with telecom expense management.

"7 Things Every Executive Should Know About Telecom Expenses" eBook Series: Find out why telecom expense management is a boardroom issue, billing errors will continue to occur, and guidelines to leading the organization to a smarter, cost-saving telecom expense management.

     
Product Tip

Speed Up Adhoc Reporting

To save your Adhoc Reports faster, check the "Skip Count?" box before clicking "‘Save." This saves your query without running it first. You can then run the query by clicking "Run" or scheduling the query to run at a later time.

     
Upcoming Events

AOTMP TEM2010
February 15-17, 2010
Orlando, FL

TEM National Summit
June 21-22, 2010
Washington, DC


 
 
     
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