Telecom expense management is a challenge for many companies. According to industry analysts, 7 to 12 percent of telecom charges are in error. The challenge is growing as communication services move to the cloud and more of a firm’s spend revolves around recurring monthly charges. Enterprise cloud clients are reliving the sticker shock syndrome that plagues mobility invoicing. With the growth of cloud services and the Internet of Things (IoT), Telecom expense management is evolving to Technology expense management and IT asset management.
A typical business processes thousands of communications invoices every year and each invoice includes hundreds of line items. Comprehensive management of enterprise communications and technology spend is largely an inefficient and time-consuming task. Consequently, many companies blindly pay even when errors are being made. Not anymore.
Avotus Telecom Expense Management (TEM) is a complete solution that focuses on your telecom and technology “spend.” Invoices are received, loaded, processed, analyzed, audited and monitored for compliance with contracts and asset accuracy.
Technology expense management is now the best way to describe the solutions that Avotus can provide to enhance visibility, capture Big Data on spend and save clients’ money.