What is Telecom Expense Management? In this post, we’ll summarize some of the basics and benefits so that you have a clear understanding of how TEM can help your businesses in controlling telecom assets and usage.
Learn more about Adaptis Mobile’s Telecom Expense Management solutions here
What is Telecom Expense Management?
Telecom Expense Management (TEM) is the process of managing and optimizing the costs associated with a company’s telecommunications services. Adaptis Mobile TEM solutions focus on mobile phone procurement, cost tracking, real-time wireless usage monitoring, reporting and automation, VoIP landline services and more. The goal of TEM is to control costs, improve efficiency, and ensure compliance with company policies and regulations, while eliminating the time spent on managing devices, reporting and support internally.
One of the main benefits of Telecom Expense Management is cost savings. By managing and optimizing telecommunications expenses, companies can reduce their overall spend on these services. This can be achieved through a number of strategies, such as negotiating better rates with service providers (while most often not having to move services to another carrier), identifying and eliminating unnecessary services, and implementing usage controls to prevent overage charges and awareness of potential areas of concern in a proactive way.
Another key benefit of Telecom Expense Management is improved efficiency. By having a clear understanding of the telecommunications services being used within a company, it is possible to identify and eliminate redundant services, as well as identify areas where more efficient or cost-effective alternatives can be implemented. This can help to streamline communication and improve overall productivity.
Telecom Expense Management can also help to ensure compliance with company policies and regulations. By having a clear understanding of the telecommunications services being used within a company, it is possible to identify and address any non-compliant usage or expenses and put a stop to them immediately. This can help to mitigate risks and ensure that the company is operating within its budget and legal guidelines in certain business settings.
There are many different tools and technologies available to assist companies with TEM. These include software programs and mobile apps that can be used to track and manage expenses, as well as consulting services that can provide expert advice and support. Adaptis Mobile provides all of these directly and is compatible with all major Canadian wireless carriers.
To summarize, Telecom Expense Management (TEM) is a process of managing and optimizing the costs associated with a company’s telecommunications services. It helps in cost savings, improved efficiency and compliance with company policies and regulations. There are many different tools and technologies available to assist companies with TEM such as software programs and mobile apps and consulting services.
It’s important for companies to have a clear understanding of the telecommunications services being used within a company, to make sure they are utilizing the best options that fit their needs and budget. Companies who utilize Adaptis Mobile for their TEM realize net cost savings opportunities in most cases and provide more time back to employees to focus on other aspects of the business.
Overview & Benefits:
- Telecom Expense Management (TEM) is the process of managing and optimizing the costs associated with a company’s telecommunications services, including mobile phone plans, landline services, internet, and data services.
- The goal of TEM is to control costs, improve efficiency, and ensure compliance with company policies and regulations.
- TEM can help companies save costs by negotiating better rates with service providers, identifying and eliminating unnecessary services, and implementing usage controls to prevent overage charges.
- TEM can also improve efficiency by streamlining communication and identifying areas where more efficient or cost-effective alternatives can be implemented.
- TEM can help ensure compliance with company policies and regulations by identifying and addressing any non-compliant usage or expenses.
- Different tools and technologies such as software programs, mobile apps, and consulting services are available to assist companies with TEM.
- It’s important for companies to have a clear understanding of the telecommunications services being used within a company, to make sure they are utilizing the best options that fit their needs and budget.
Learn more about Adaptis Mobile Telecom Expense Management and how we might be able to help your business in cost control, account visibility and support.
