Auditing

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, you’ve probably heard the term “TEM.” 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 – 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  Now these old, complex, clunky, outdated systems are giving way to a new generation of cloud-based solutions that are replacing an outdated arcanum “TEM” with Telecom Category Management SaaS applications […]

A recent blog post by the Profit Advisory Group (PAF) really struck a chord with us. The piece – ‘TEM Software vs an Audit: Evaluating ROI’ – took an honest and industry-savvy approach to that eternal question – should I implement TEM software or schedule regular audits? Of course, the answer is – do both! The TEM […]

It isn’t exactly a secret that the key to any successful telecoms expense management (TEM) business is regular auditing. But if the very thought of a looming audit is enough to make you break into a sweat then read on, because it is much easier than you think to prepare for an audit and when […]

Benchmarking is an important tool in telecoms expense management (TEM), there is no question about that. It helps companies to make considerable savings, and offers a valuable insight into an increasingly competitive marketplace. Who doesn’t want to know how much their competitors are paying for their core services? It may seem like a ‘win-win’ situation […]

How do I check that my invoices match my network? Matching your invoices to your inventory and services is basic TEM. It is about keeping track of your supply and demand, knowing what you pay for and ironing out any kinks in the system as you go along. Good TEM practice will result in the […]

When all’s said and done, invoice management is what TEM is all about. That means keeping on top of your payments, checking for errors, and maintaining useful records. It may sound pretty straight forward, but mistakes are easily made, and they are usually due to a lack of standardisation and a failure to anticipate problems. […]

You will already have performed checks and benchmarking exercises on your existing vendors, but there is much more to a supplier relationship than market reputation and competitive pricing. You need to be able to get the best possible performance out of your suppliers at all times, so that you can build a long-term relationship that you can […]

Whether you’ve just joined your organization, or you’ve been on the job for 10+ years here are 4 ways to improve your current Telecom Category Management market performance position. Ask Questions and investigate your tools and current processes. Identify what tools (applications) and processes are used to manage your category. Your goal here is to perform […]