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Benefits of Telecom Expense Management (TEM)



Ultimately, telecom expense management (TEM) should produce benefits in several areas:
  1. Money Savings - Controlling/reducing your direct expenses with vendors
  2. Time Savings - Streamlining/automating processes associated with those expenses, and
  3. Risk Reduction - Contributing to risk/headache management.
The links in the table below lead to specific savings examples.

Type of Savings Savings Example
Reduced Telecom Expenses Eliminates off-contract buying.
Stops billing for discontinued services . « see example
Increases negotiation leverage.
Detects and corrects billing errors.
Enforces contract compliance. « see example
Standardizes feature functionality, eliminates unnecessary and unauthorized features. « see example
Reports on telecom expenses used to promote behavior changes among employees, resulting in reduced or more cost-effective usage.
Identifies use of obsolete products/services. « see example
Identifies under-utilized services and products for consolidation or cancellation. « see example
Uses superior analytic tools for better network optimization decision making.
Process Streamlining and Automation Eliminates telecom and accounts payable data entry.
Eliminates manual opening, sorting, and scanning of invoices.
Eliminates manual cost allocation.
Eliminates manual report generation.
Automates invoice review and approval.
Automates invoice validation.
Reducing Headaches & Risk Increases expense and process visibility for greater Sarbanes-Oxley compliance.
Increases employee retention due to better work environment.
Increases ability to focus on strategic issues.
For government agencies, increases compliance with the President’s Management Agenda, GAO mandates, and other government initiatives.




 
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Invoice Insight is a leading provider of automated telecom cost management and telecom expense management solutions. Through BillPort™ technology and on-demand services, we help organizations with their telecom invoice management, telecom inventory management, telecom service ordering, telecom audit and contract management, telecom sourcing, telecom procurement, telecom MAC/D, and other telecommunication management needs. We help enterprises achieve telecommunication cost reduction using BillPort™ TEM technology or our telecom consulting and telecommunication audit automation services. We also provide e-gov (e-government or electronic government) solutions to Federal agencies, including government invoice processing, Federal expense management solutions, government telecom management software and other Federal, state and local government expense management and invoice management solutions. Terms and Definitions. Click to download the Free Macromedia Flash Player 7

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