When enterprises signup to âTEMâ Telecom Expense Management what they typically need is Telecom Category Management BUTÂ unfortunately, after usually 3 years of wasted time, lots of frustration and money, learn theyâve purchased nothing more than an invoice billing engine that summarizes invoices that are deemed âready for paymentâ with a breakdown summary of cross charge […]
Telecom Category Vendor Management Best Practices Telecom Category Supplier Management involves focused, strategic, planning by both sourcing and IT teams to perform effective supplier management. Providing strategic vendor sourcing services involves procurement and IT initiated RFPs, contract negotiations, contract renewals, supply chain consolidation, project support and is no small task for any team. Â In […]
The Top 5 Telecom Contract Commercial Clauses As part of your Telecom and IT Category Management duties, Contract Management is a vital component to the overall effectiveness of not only your supplier relationships, but the product and services you purchase and implement. Negotiating supplier contracts for category managers involves aspects like ensuring that all […]
3 Key Benefits of Maintaining Accurate IT and Telecom Inventory Whether you have a spreadsheet or a Technology Expense Management application, here are 3 key reasons to always ensure you maintain an accurate inventory. Here’s a free template on how to create a telecom inventory Download excel file Captures and stores information about who, what, […]
If you are a business owner or a finance manager, youâve probably heard the term âTEM.â But what does TEM do? Defining TEM T-E-M stands for Telecom Expense Management better known as Telecom Category Management.  What is Telecom Category Management? At its simplest definition, a Telecom Category Management system allows businesses to manage […]
A process to guarantee your invoices are correct every month The process of confirming if what appears on your invoice is correct and what you should actually pay a.k.a. (validating telecom invoices) can be a daunting task for business. Most businesses have an internal team or outsource this process manage anywhere from 50 â 2000+ […]
The future of Telecom Category Management solutions For many years, telecom expense management software has focused on helping companies manage their inventory supplier billing. Now these old, complex, clunky, outdated systems are giving way to a new generation of cloud-based solutions that are replacing an outdated arcanum âTEMâ with Telecom Category Management SaaS applications […]
A recent blog post by the Profit Advisory Group (PAF) really struck a chord with us. The piece â âTEM Software vs an Audit: Evaluating ROIâ â took an honest and industry-savvy approach to that eternal question â should I implement TEM software or schedule regular audits? Of course, the answer is â do both! The TEM […]
Itâs a safe bet that most executives donât realise how reliant they really are on their telecoms network. Your companyâs TEM department provides the arteries and veins of the network in which the business is able to communicate and earn profits for the organization. The network TEM team is expected to cover Moves, Adds, Changes […]
Keeping BYODÂ device management out of your Telecoms Expense Management is perfectly valid Itâs a game changer for telecoms finance with the potential to save or lose a tonne of money for your company. But as Bring-Your-Own-Device (BYOD) policies become increasingly popular, more and more questions are being raised: How do you differentiate between professional and […]