We are now almost three months into the COVID-19 pandemic, with no clear end in sight. As talks of re-starting the economy take root, global executives will begin feeling the pressure to reduce costs to help keep their companies afloat. According to PwC, managing the financial impacts of COVID-19 —including operations, future periods, liquidity, and capital resources— are the main concern for 75 percent of CFOs. Executives across the board are growing … [Read more...]
The Benefits of Telecom Expense Management
As the complexity of communications, collaboration, and data transmissions grows, enterprises are looking for better ways to manage costs and equipment. A telecom expense management solution delivers a host of benefits that create new efficiencies, better utilize human resources, and more effectively procure equipment. Consider the following seven benefits: Automation: Not only does automation accelerate efficiency, it also removes the potential for error and the associated additional work … [Read more...]
How POTS Is Derailing Your Telecom Expense Management
It's easy to ignore plain old telephone service (POTS). It’s relatively low-cost, it’s reliable, and it’s not what you’re using for the bulk of your communications, so in many organizations it never makes it onto the radar of telecom expense management. It’s assumed to be such a small percentage of your budget that it’s almost not worth the trouble. You might be surprised just how much you’re spending on POTS. In many cases, carriers are pricing them out of the market because they want to … [Read more...]
How Telecom Expense Management Is Changing
For businesses, the importance of telecom expense management grows as they adopt more cloud solutions and they implement sprawling Internet of Things (IoT) and mobility strategies. While expenses analyzed previously included voice and data, the scope of management has expanded exponentially with nearly every area of business occurring over IT connections. Gartner recently conducted a survey to gain a better understanding of telecom expense management and how it is changing alongside broader … [Read more...]