By Mark on Monday, 23 March 2020
Category: Telecom Expense Management Blog

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."

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: 

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.