Multi-Vendor Complexity
A good TEM provider will ensure accurate and timely data collection for simple, effective expense management.
Lack of Policy Enforcement
Defining and enforcing telecom expense policies across different departments and teams can be difficult.
Inaccurate Invoices
Verifying the accuracy of telecom invoices and identifying billing errors or discrepancies can be time-consuming – and prone to error.
Vendor Management
Service providers all have their own billing structure and terms. A TEM provider will manage contracts, negotiate terms, and ensure compliance with agreed-upon rates.
Effective Policy Enforcement
A good TEM provider will help ensure employees adhere to approved spending limits, usage guidelines, and compliance regulations.
Cost Allocation Software
Cost allocation software streamlines the process of accurately allocating telecom expenses to different cost centers or projects.