Telecom Expense Management and Call Accounting Technology!

Telecom Expense Management and Call Accounting Blog!

Want updates in your inbox?

  • Home
  • Blog
  • Why are CIOs Hyper-Focused on Cost Containment?

Why are CIOs Hyper-Focused on Cost Containment?

Why are CIOs Hyper-Focused on Cost Containment?

If you're staying current with the latest issues keeping CIOs up at night, you'll know that increasing efficiencies and productivity continues to claim the number one spot. A recent article in CIO Magazine, however, cites the results of an Evanta survey, noting an increased focus on the use of technology to help reduce costs. This focus puts even more pressure on IT managers to work even harder to identify tools to help them cut costs, while boosting productivity. Not an easy task made even more frustrating by the impact of things beyond their control such as the prospect of a recession.

Aamer Baig, senior partner at McKinsey & Company notes in the article that, "There's a renewed effort to look at IT costs and think about rebalancing costs in case demand falls. Six months ago, most CIOs and CFOs were thinking about growth and how to meet demand. There are some companies that are still dealing with that, but now there are others who are immensely worried about demand cycles. As a result, that checkbook has gotten smaller, and it might get even smaller; budgets might be shrinking."

One tool that has a proven track record of saving money is "Technology Expense Management" or TEM. TEM has been around for several years. But it has continued to evolve to meet today's needs.

The basics of TEM are simple, but powerful:

  • Gives you an accurate inventory of all your IT/technology services, vendors, contracts, and expenses.
  • Tracks recoveries and billing disputes with your suppliers.
  • Identifies erroneous billing charges.
  • Virtually eliminates over payments and late payment fees.
  • Provides detailed reports to pinpoint trouble areas.
While we can't speak for all TEMs, we can say that our WinBill® TEM is known to save companies up to hundreds of thousands of dollars on their annual IT/telecom spend each year.

IT managers should be using a TEM to do all of this at a minimum. An even better idea is to also schedule an annual audit of your network, inventory and service providers. Here is where even more savings can be found. Today's TEMs, such as our WinBill®, easily fit into any IT environment and can be used through the cloud or as an onsite solution. Either way, you are getting a centralized database of all bills and service contracts, replacing those cumbersome spreadsheets and home-grown solutions that have to be maintained manually. Contact us to learn more about finding better ways to save money for your department and organization. We're here to help!
Digital Transformation is Impacting IT Departments
4 Money Saving Tips to Prepare for a Recession

About TeleManagement Technologies, Inc.

TeleManagement Technologies, Incorporated (TTI) provides Telecom Expense Management and Call Accounting solutions designed to effectively track, integrate, manage and protect an organization's information technology resources. TTI's TEM solution, WinBill®, has developed a reputation for an impressive ROI, with clients reporting savings of 300% or more! WinCall® Call Accounting tracks all domestic and international locations regardless of PBX type (analog, digital, VoIP) to facilitate internal bill back, identify PBX toll fraud and increase employee productivity. Extensive reporting capabilities are also included for planning purposes. TTI's experienced, responsive support team helps keep CFOs and IT/Telecom departments in total control of their technology expenses.

Since 1987, TTI has been designing software products that provide a better solution to managing corporate technology, inventory, expenses and services. For more information, visit

Check out other recent posts by TTI

We speak regularly with IT and telecom managers who tell us they have too much on their plates and too little time. There is so much they want (and need) to do but putting out fires and taking care of day-to-day challenges always seems to get in the ...
Where is Your IT Money Being Spent?Information Week wrote recently, "The COVID-19 pandemic has accelerated the adoption of digital technologies in almost every industry sector." How true that is! And, while we often hear about CIOs looking for ways t...
Are we headed for a recession? According to a recent C-suite study cited in CIO Magazine, eight in ten CEOs are expecting a recession to impact their organizations within the next twelve to eighteen months. Recessions, as we know, can do significant...
​If you are a CFO or CIO you are probably well aware that technology and telecom rank high in annual expenses.Between networks, applications, and service providers you are spending more these days, not less. But what you may not realize is that, wit...
Outdated IT Departments Lose Credibility – and Money!​If you manage an IT/telecom department, chances are you've been struggling to keep up with all the demands of a new generation of users as well as how to implement new technologies.And yet, ironic...
Manage Your Inventory and Start Saving Money Now!Anyone in IT knows that managing today's inventory involves much more than keeping track of phones and modems.Inventory management has become something of a science in that it has expanded to include a...

We're always happy to assist you with any questions you may have.
Just give us a call!

This email address is being protected from spambots. You need JavaScript enabled to view it.
Inquire by Form
See more options!

Connect with us!

© 2023 TeleManagement Technologies, Inc.
Contact Us Today!  Start Saving on Your Technology Spend! 1-800-903-4006
before content