Telecom Expense Management and Call Accounting Technology!
Why Did You Pay That Invoice?
Are you looking at ways to save money for your company? Stop overpaying your IT/telecom invoices.
You may not be aware that over 85% of mid-sized companies are not fully auditing their IT/telecom invoices. So, they get paid in full, month after month. While that may be easy, it comes with a potentially expensive problem: errors and hidden charges. And, many of them you may not even be aware you signed off on! By paying them all in full without vetting them, your business may be overpaying bills by thousands of dollars every month. Who wins? The vendors. Because, unfortunately, they are the last folks who are going to raise their hands and tell you, "Hey, you overpaid that last invoice."
You may not be aware that over 85% of mid-sized companies are not fully auditing their IT/telecom invoices. So, they get paid in full, month after month. While that may be easy, it comes with a potentially expensive problem: errors and hidden charges. And, many of them you may not even be aware you signed off on! By paying them all in full without vetting them, your business may be overpaying bills by thousands of dollars every month. Who wins? The vendors. Because, unfortunately, they are the last folks who are going to raise their hands and tell you, "Hey, you overpaid that last invoice."
That said, there are things you can do to avoid getting hammered with charges for things you never purchased or errors that are not your fault. Here are some tips:
- Scrutinize your SOW (statement of work)
- Before you sign anything, carefully review each charge. Some may not be as clear as others. Some may relate to additional services that lead to automatic charges or recurring charges for things you may not need. Even if you have already signed an SOW, you may be able to challenge items you deem confusing or unfair and re-negotiate it.
- Make sure that you are getting what you purchased originally
- In a world where merger and acquisition activity is the norm, you may end up with a product with hidden charges or bolt-on modules that make it more costly in the long run.
- Do not pay for for software updates or expensive upgrades that you never ordered
- You may also find yourself paying a charge if you upgrade or change your switch. Be prudent and review each charge.
- Check invoices for errors and make sure you are not paying twice
- This happens more frequently than you might think. And you may have a time restriction to dispute your invoices and make adjustments. Stay on top of this.
Finally, and perhaps most importantly, invest in a good Technology Expense Management (TEM) system. These systems can help you keep track of invoices and inventory. A solid TEM system will identify billing errors before they fall outside the allotted invoice period (typically 30-90 days).
The good news is that we can help. We have tools to automate your invoice tracking, reporting and management. We have worked with hundreds of organizations to help them save thousands (often hundreds of thousands) of dollars in over-charges from carriers and equipment vendors as well. We're ready when you are to help.
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.
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 end of a quarter brings with it an opportunity to take stock of your goals, your department efficiency, and how you are serving your end users and helping to meet the broader strategic goals of your company.That's a lot to sort through, especiall...
If you're an IT manager, it won't take long to answer that question. Between updating old systems, adding more apps for end users, and attracting new talent, another $100K would be welcome.So where can you find that kind of money?Through an audit o...
Most of the IT managers we speak with are full of exciting plans for bringing new technologies into their companies. Frankly, one reason for this is that they are using WinBill® to keep a tight grip on expenses. It helps free them up to do some amazi...
Chances are with very little effort; you can identify several legacy systems still being used in your company. If you are in IT, you are already well aware of them. These are the workhorses, the systems that just keep running. The ones that many tech...
Information Week has published the results of the latest Gartner 2023 IT Survey and, while there are no big surprises, there are some insights that bear noting. Spending is expected to reach a total of $5.1 trillion in 2024, according to the Gar...
It's that time of year again, when budgets for the new year are on every IT manager's mind. And with good reason. Budgets are tighter than ever, and odds are you won't get everything on your wish list. Probably far from it. So careful review of the "...
