Telecom Expense Management

Telecom expense management (TEM) focuses on understanding, controlling and reducing the amount of money a business spends on telecommunications fees.

What is Telecom Expense Management?

What are TEM Services?

CMG’s easy-to-use IT expense management software gives you complete control of telecom inventory, invoices, orders and other related expenditures. We base our TEM process on three primary components:

AP Optimization
Our system creates the quickest, most efficient process to receive, confirm, allocate, process and pay incoming invoices. We proactively monitor vendor billing portals to acquire the invoice ahead of time, preventing late fees or service disruptions for non-payment. We’ll create a customized accounts payable file for your unique accounting platform and environment.

Expense Validation
We see expense validation as something much more than just analyzing invoices for billing accuracies. Our service identifies and disputes surcharges and unnecessary fees. We note any service changes, generate required approvals and update inventory records.

Vendor Management
Whether you are in information technology or purchasing, CMG does all the legwork in creating an accurate comparison of vendor solutions with current expenditures and inventory, saving you time on vendor evaluation. These results will equip you with the correct information to make the most informed and cost-effective purchase decisions.

Our software will improve your existing process, adding a whole new level of automation, control and reporting. The cost reductions we help generate will allow you to reinvest these dollars into other areas of your business, creating even more savings and a higher performance level.

Through these improvements, you can;

  • Gain instant visibility into your company’s spending.
  • Stay true to your budgets and spending limits.
  • Eliminate manual reconciliation.
  • Improve your spending habits.
  • Limit usage from unauthorized personnel.

Our programs can also assist you in obtaining credits and refunds from your vendors.

Benefits of Telecom Expense Management

At Cost Management Group, we bridge the common gaps between the accounts payable and information technology departments. We can automate and customize processes and reporting for almost any business environment to generate savings and a higher degree of efficiency.

The benefits of our telecom expense management services include:

Automated payables.
Added control.
Fewer billing errors.
Reduced processing time.
Elimination of late charges.
Streamlined approvals.

Our goal is to reduce your company’s workload, making the TEM process more manageable and less stressful. Our software’s automation, integration and reporting abilities exceed the needs of even our most demanding clients.

Contact Cost Management Group Today

CMG works with small- to large-scale enterprise businesses in many industries to effectively manage their critical telecommunication areas. Since 1998, we have established ourselves as a telecom expense management leader with a proven track record of saving valuable time and money for the organizations we serve. For more information about how we can help you with your telecommunication lifecycle management, contact us today.