Is Outsourcing Your Telecom Expense Management Worth It?
Telecom expense management (TEM) allows businesses to reduce telecom costs, consolidate their telecom-related tasks, and promote greater business efficiency overall. Needless to say, it’s a critical process for any company that deals with telecommunications. But what about businesses that lack the internal expertise for TEM? Here’s what you need to know about TEM outsourcing.
What is TEM Outsourcing?
Telecom expense management can be tricky even under the best of circumstances. There are so many different moving components that it can be extremely difficult to stay on top of everything unless you have a dedicated team of experts that can focus all of their time and energy on TEM.
Thankfully, there’s another way.
TEM outsourcing providers offer telecom management services to businesses that are struggling to get a handle on things on their own. By choosing to outsource, you can offload your entire TEM process to a trusted third-party provider that understands your needs and can help you reach your business goals.
Benefits of Outsourcing
There are many reasons to consider outsourcing your TEM needs. Here are a few of the benefits of TEM outsourcing.
Access to a Team of Experts
Not all companies possess the tools, knowledge, and resources to appropriately manage their telecom management process. While trying to do things on your own can seem tempting, it can actually end up creating more problems down the road, costing your business valuable time and money. By outsourcing your TEM needs, you’ll be partnering with a team of experts that know what they’re doing and can quickly respond to your needs and concerns.
Improved Efficiency
Outsourcing your telecom expense management process can free your teams up to focus on more pressing business matters. This is especially true for companies that struggle to keep up with TEM in a timely manner. If you find that you’re spending more time than you’d like on TEM, that may be a sign you should outsource your tasks to a third party. Letting someone else handle your TEM process while you do what you do best is a great way to maximize efficiency across the board.
Greater Accuracy
TEM outsourcing experts provide the best tools and resources to help businesses get the most out of their TEM process. Managing your expenses independently can work if you know what you’re doing, but it can spell disaster if you’re relying on guesswork. TEM outsourcing companies take the guesswork out of your expense management, basing decisions on accurate, relevant data.
Lower Costs
It may be hard to believe that paying someone else to handle your TEM process can end up saving you money, but it’s true. By outsourcing your TEM needs you can reduce, if not eliminate costly errors. You can also identify places to cut back on spending. TEM outsourcers are trained to uncover opportunities for growth, as well as areas to scale back on. This is essential to promoting cost-effectiveness and the overall health of your revenue stream.
Outsourcing with Advantix
Finding the right TEM outsourcing provider can be difficult. There are many factors to take into consideration, including the size and scope of your TEM needs and how much you are able—or willing—to spend on external expertise.
Advantix is a Teksetra alliance partner that offers TEM solutions and outsourcing. The platform has several case studies of companies that have partnered with Advantix and seen incredible results in their workflows. In one example, Advantix was able to help a financial services company consolidate their telecom billing accounts from 400 to 10. This ultimately helped them save $240,000.
The platform solicited proposals from telecom carriers to come up with the most ideal plan for their client. By focusing on telecom account consolidation, Advantix managed to reduce telecom costs and help this company save 20%. In addition, they helped the client simplify telecom invoices. TEM outsourcing providers like Advantix can help your business identify unnecessary features and maintenance fees to help get you on track and prevent you from overspending.
Advantix can help companies with all aspects of telecom expense management, driving growth and cost savings. Since 2002, the platform has processed over 6 billion transactions and helped clients save nearly half a billion dollars. In addition, the platform makes it easy for users to handle their connectivity and device management processes. Advantix automates the lifecycle management of all fixed assets that don’t have monthly recurring charges, granting users full visibility into their assets and allowing them to see what’s offering the highest ROI and what isn’t.
With Advantix’s inventory management solutions, users can ensure alignment between all of their billing platforms so that they always have access to the most accurate data. By outsourcing with Advantix, you can simplify your TEM process, save money, and look for ways to promote even greater efficiency in your workflow. Reach out to Teksetra today to learn more about our partnership with Advantix and how they can help meet your TEM needs!
