A telecom expense management program (TEM) aims to understand, control, and reduce a company’s telecommunications expenses.
How does Telecom Expense Management work?
Cost Management Group’s (CMG’s) telecom expense management approach involves everything from invoice acquisition to bill payment to detailed reporting.
A wide variety of factors play into TEM, from fixed-line networks to wireless devices to cloud-based systems. By controlling these expenses, your business can save money and focus on other areas to grow.
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TEM Services: What are they?
Our easy-to-use IT expense management software lets you keep track of telecom inventory, invoices, orders, and other related expenditures.
Optimization of AP
We create the fastest, most efficient way to receive, confirm, allocate, process, and pay incoming invoices with our system. We proactively monitor vendor billing portals to acquire the invoice ahead of time, preventing late fees or service disruptions for non-payment. We will create an accounts payable file that is tailored to your unique accounting environment and platform.
Validation of expenses
In addition to analyzing invoices for billing accuracy, our service identifies and disputes surcharges and unnecessary fees, generates approvals, and updates inventory records as needed.
Management of vendors
The CMG team does all the work to create an accurate comparison between vendor solutions and current expenditures and inventory, saving you time on vendor evaluation. The results will enable you to make the best and most cost-effective purchase decisions based on the correct information.
By adding automation, control, and reporting to your existing process, our software will improve it. You can reinvest the savings we help you generate into other areas of your business, resulting in even more savings and higher performance.
As a result of these improvements, you can;
Discover your company’s spending instantly.
Keep your budget and spending limits in mind.
Reconciliation should be eliminated manually. Unauthorized personnel should not be allowed to use the system.
Vendor credits and refunds can also be obtained through our programs.
An invoice is being typed into a telecom billing management system by a woman
Telecom expense management benefits
For almost any business environment, we can automate and customize processes and reporting to generate savings and higher levels of efficiency.
Our telecom expense management services offer the following benefits:
Payables that are automated.
Control has been added.
Errors in billing are reduced.
Processing time was reduced.
The elimination of late fees.
Approvals can be streamlined.
Our software’s automation, integration, and reporting capabilities exceed the needs of our most demanding clients, reducing your company’s workload and making TEM management easier.
John Hagan is the founder and CEO of TeleData Select, a leading managed IT and data company based in Atlanta, GA, serving clients across the US and internationally. His company approach is founded on a distinctive hybrid collaboration team model that specializes in understanding your needs and leveraging an ecosystem of technology providers. The best bench of experts to help businesses choose the right solution, right provider, and get the best prices for their managed IT and data needs. Contact John or his team for a complimentary telecom audit or just have a conversation.
If you’re facing challenges in sourcing resources or keeping pace with the ever-evolving tech landscape, or if you simply need assistance in maximizing current project initiatives, contact us today. Discover how our hybrid collaborative team can efficiently complete your managed IT projects, allowing you to focus on the big picture and advance to the next milestone.
Feel free to call us direct at 404-439-4480 or email today to have a conversation or click on this link and book some time on our calendar today.
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