The paper trail of telecom expenses at your enterprise may be too messy, voluminous and daunting to make sense of. This is one reason why telecom expense management practices can clear up inconsistencies, mysteries and misperceptions about what you're spending on phone and internet services. Unifying information across hundreds of paper bills is tedious, which is why giving your current system the overhaul it needs can make processing invoices and statements easier.
This process begins with a telecommunications audit. This is a process where decision makers sit down with a specialist to review past expenses in search of a better way to consolidate, eliminate and reorganize costs.
- What your business already has. Pausing to take inventory of the devices and services you currently rely on is important, because they form the basis of how your company currently functions. While some areas may need an overhaul, executives can usually identify some areas of telecom that are working as desired.
- What your business needs moving forward. If "what you have" represents assets, then "what you need" represents liabilities. You may not have enough devices to give each employee the breadth and ease of doing his or her best work. Perhaps you intend to grow your business with a new office or location that will require all new telecom services.
- What your financial goals are for TEM. Many companies seek telecom expense management solutions to lower what they currently pay for telecom services. Others seek to stabilize their monthly expenditures as they grow in scale. Whatever your financial target, it's important to set clear goals from the outset.
These areas can be determined with the support of a telecom expense management strategist. At ProfitLink, our experts will learn your business model to maximize the value of telecom expenditures while saving your business money. Contact us today to learn more.