Telecom Expense Management Partners Help Minimize Expenditures
August 29, 2014
By Matt Paulson, TMCnet Contributing Writer
The larger telecom real estate grows, the harder it becomes to manage effectively. High volumes of data with no obvious connection to one another is one of the largest challenges that telecom organizations face today, and the inclusion of both fixed and mobile telecommunications further adds to this frustration.
From here, businesses have two options: either attempt to manage the data transmissions manually with great difficulty, or hire an external Telecom Expense Management (TEM) partner to manage the data better. Surprisingly enough, external TEM partners are not only more efficient at managing this data than in-house management teams, but they also remove several associated costs from expenses like specialist software, salaries and even lost revenue.
External TEM providers are able to collect and sort billing data from a large number of suppliers simultaneously without the company having to worry about doing this themselves. This becomes crucial as telecom businesses grow, as the data will often be in other currencies and languages. False financial data will also always find a way to go unnoticed by inexperienced telecom managers, but professional TEM providers are able to easily identify and correct these mistakes.
The software that external TEM partners use is what makes this organization so efficient, but the software licenses can wind up being incredibly expensive. Thankfully, TEM suppliers are able to use their own copy of the software with multiple clients, which brings the overall cost down for both the telecom company as well as the TEM suppliers. Ultimately, this allows the TEM supplier's customers to focus on their own core activities with the extra time and resources that would otherwise be spent on such a harrowing task.
While hiring an external TEM partner may seem like yet another expense that your telecom company will have a hard time paying for, managing this data within the company will cost more money in the long run.