Telecom Expense Management and Call Accounting Technology!

Telecom Expense Management and Call Accounting Blog!

Want updates in your inbox?

  • Home
  • Blog
  • TEM: It’s Not Just Telecom Anymore!

TEM: It’s Not Just Telecom Anymore!

iot

As you probably know, the term "TEM" has for decades been the acronym for Telecommunications Expense Management. That's because back when the term was first coined, our world consisted primarily of voice telecommunications services and equipment. So, you might say, it's long overdue for an update.

Of course, there's nothing outdated about the value of TEM --- managing invoices for wireline and wireless invoices as well as providing visibility over supplier contracts and identifying opportunities for savings. This remains a critical function. Even more so in today's world.

Managing our infrastructure, however, is now about so much more than telephones and computers. It has expanded to include, not only the internet itself, but evolving internet technologies, such as the cloud and IoT. The resulting applications, along with new sources of data and other emerging technologies must be organized and optimized to establish the optimum balance between cost and value.

For these reasons the industry has replaced the word "telecommunication" with "technology", henceforth to be known as Technology Expense Management. One could argue that the term "expense management" is still confining phraseology to describe tools that enable IT and executive management to better organize and optimize their mix of services and better source their service providers. But we'll leave that one for another day.

Regardless of the name change, what's important for IT professionals is to make sure that you are using this powerful set of TEM tools to optimize your service quality and contracts and reduce unnecessary expenses. 

Here is, at minimum, what your TEM should be providing:

  • Providing an accurate inventory of all services, vendors, contracts and expenses
  • Giving you flexible reporting tools (on-perm or through cloud)
  • Enabling management of your full IT budget
  • Tracking recoveries and billing disputes with vendors
  • Helping eliminate late payment fees or overpayments
  • Support optimization of service providers and other suppliers

Replacing "telecom" with "technology" is a good move and one that we, at TTI, embrace fully. And you'll soon see the name change on our website as well. Because, one thing is certain. Technology and innovation will continue to surprise us at every twist and turn. With the right TEM tools in place, however, we will have visibility and control over how we use this technology. And, best of all, we won't be overpaying for it!

Let us know how you are using your TEM solution and what challenges might be lying up ahead on your road map. We're here to help! 

Is He or She Really the Best IT Fit For Your Compa...
Cloud, IoT...What's on YOUR IT Road Map?

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 www.telmantec.com.

Check out other recent posts by TTI

The idea of spring cleaning has long become a cliché, but it's for a good reason. It is an opportune time to take stock of all the items we've collected throughout the year and clean out our inventories as we make way for new ones.Spring cleaning ...
Given the complexities of today's technology and the pressure on IT to perform, you need to have your end users on your side. That means doing more than just satisfying their needs; you need to build a strong relationship with them.Here's how:When...
If you are managing an IT department, you are faced with more tough decisions than ever before. How to secure the best talent for your team, how to optimize your carrier contracts, how to prepare for the next wave of technology, and so on. The list i...
What will be keeping you up at night this year? The same things as last year? For many IT and telecom professionals the answer is probably "yes" as you continue to struggle with harnessing technology to fit the daily needs of your end users, as well ...
​We're near the end of the year. You've taken time and energy to get a fresh 2019 plan knocked into shape. Your budget is ready with several initiatives outlined and ready to be put into action. But first, you must get your plan and your budget appro...
Those of you who are in charge of IT for your company are well aware of the huge investments being made in cloud-based networks and applications. You may be making some of your own! By the end of this year, assuming the IDC predictions are correct, a...

Contact us!

We're always happy to assist you with any questions you may have. Just give us a call!
1-800-903-4006
This email address is being protected from spambots. You need JavaScript enabled to view it.
Inquire by Form
See more options!

Connect with us!

© 2019 TeleManagement Technologies, Inc.
Contact Us Today!  Start Saving on Your Technology Spend! 1-800-903-4006
newsletter
before content