The workplace is continuously changing. With the global mobile workforce expected to reach 1.88 billion by 2023, businesses are spending extensively on mobile assets and technology to adapt to the changing environment. This means that telecommunication expenses are now a powerful part of running a business. As a finance specialist, you are responsible for not only managing all telecom-related expenses but also driving regular process improvements and cost reductions for the organization.
As the global business environment continues to expand beyond borders, it has become increasingly important for organizations to have access to a diverse range of communication systems and solutions. Considering these changes, businesses are willing to make larger expenses to continuously enhance and modernize their telecommunications infrastructure. However, avoiding unnecessary costs and ensuring that investments produce tangible returns is not simple, especially when company executives are also attempting to negotiate the rising complexity of their businesses. Businesses require the correct telecoms expense management solution that will allow them to face the challenges mentioned below:
Affording Effective TEM
As per experts, telecom expenses are among the most difficult to manage. Businesses require deep technical expertise as well as the technology that can automate activities and assure accurate solutions, both of which may be costly. However, errors and inconsistencies in telecom spending cost far more. Outsourcing TEM to a solution like Zaggle EMS, which can give specialized know-how and services at a reasonable cost, is the most feasible alternative.
Making TEM Process Easier
Organizing, managing, monitoring, and auditing your telecom bills is a difficult, time-consuming, and labor-intensive procedure. The aspects to examine are numerous and overlapping, and to consolidate everything, you must gather data from a variety of sources, including finances, IT, billing, accounting, communication strategy, corporate regulations, and so on. Understanding critical paperwork such as service provider contracts and negotiation material can consume a significant amount of your team’s time and mental capacity. A correct TEM solution like Zaggle EMS can help to simplify this complex operation and provide an efficient solution.
Reducing Errors
The errors are not limited to calculation errors or omissions in a subscription bill. Errors may often be caused by apparently intangible but impactful elements such as employee behavior, team values and principles, internal regulations and protocols, and leadership style. According to surveys, one of the factors that contribute to overspending is the reckless use of corporate call credits, as well as purchases such as software and gadgets that are not work-related. A robust TEM strategy will assist firms in identifying such issues and, as a result, encourage more relevant and responsible use of company telecom resources.
Zaggle EMS assists businesses to streamline the time and resources needed to do future periodic audits, and in many cases, eliminates the need as you will have the inbuilt controls in your day-to-day telecom management. Switch to Zaggle EMS today, to manage the whole process, track costs and optimize your assets and services.
