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| Voice, data, and wireless services are likely to exist anywhere you do business whether it's at your corporate headquarters, a satellite office across the country, or a salesperson with a cell phone at a trade show. And wherever they exist, they need to be accounted for and properly managed to ensure they are meeting the operational and financial needs of your organization.
Whether you manage your voice, data, and wireless services with a sophisticated software application or with Post-It. notes and spreadsheet print-outs, a TEM solutions will help align your telecommunications services with business objectives, and put the right processes in place to best serve your organization. |
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| Telecom expense management and control remains a key objective of telecom managers. |
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Industry analysts and telecom managers are in agreement that there are significant headaches to telecom expense management. The greatest challenge comes from sheer volume: Most companies have multiple vendors and invoices that must be reconciled against contracts to ensure invoice accuracy and that your actual inventory agrees with your bills.
Often there are significant errors in these invoices–some caused by lack of internal management controls and some through erroneous billing generated by the carriers. In fact, it is common to discover invoices for circuits and services that you didn't know you owned or thought you had disconnected.
A one-time financial audit can lead to significant financial recovery, but the real savings come from ongoing bill verification--provided your inventory is accurate and complete. Without accurate inventory, any financial analysis is suspect. And it becomes more difficult to recover incorrect charges and negotiate the SLAs and contracts that are crucial to telecom expense management. |
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Telecom Inventory's Telecom Expense Management solution can solve the challenge by outsourcing the process of receiving, auditing, and paying the bills. With Telecom Inventory, you can: |
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Receive invoices electronically (via web site downloads, CD ROMs, and other standard formats) or enter invoices manually |
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Verify that each line item on the invoice exists in the inventory (circuits, services, or equipment) |
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Allocate expenses back to the business units |
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Provide data files to accounting to facilitate accurate and complete payment of the telecom invoices |
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Quickly identify billing errors (such as invalid USOC prices for circuits) and flag one-time charges (which can often be waived) |
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Apply audits to determine if the amount being billed is accurate |
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| With this powerful, inventory-powered Telecom Expense Management solutions, you can increase operational efficiencies, ensure more accurate invoice payments, and strengthen contract negotiations |
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