Companies today are always looking for ways to save money and one such solution is wireless expense management. It is well documented that telecom expenses are often near the top of the list of expenses for businesses. Finding savings wherever you can is important in today’s current economy so reducing wasteful spending might mean the difference in what color ink you use to write your bottom line. Telecom expense management (TEM) deals with reducing the waste and inefficiency that is inherent within an uncontrolled telecom system. Telecom expense management has a cousin called wireless expense management (WEM). WEM is concerned only with your wireless expenditures, while TEM takes in everything else including your hard-wired phone system. You probably need one or the other, but the focus of this article is on wireless expense management.
Research has discovered that anywhere from 7% to 12% of wireless telecom invoices have errors, and those errors over time can have a huge impact on your company’s profit margin. Did you know that a vast majority of those errors were in favor of the vendor/service provider? Did you know that 85% of those invoices were paid without question? Wouldn’t it be great if you could recover those dollars? A wireless expense management company can do that for you. Generally, wireless expense management companies work on a percentage basis, and therefore they have an incentive to do their best to save money for your company. Invoice validation doesn’t cost … it pays.
Finding a wireless expense management company is easy. Finding a reputable one that covers every angle of WEM isn’t quite so simple, but by spending some time researching wireless expense management firms online you will find the right company you can depend on for your WEM needs. A good company will have a seasoned leadership team that will audit, negotiate, and act on your behalf to save you money, and they will also offer you a free communications expense audit.