Telecom Strategic Sourcing

TEM for telecom cost reduction

Telecom Expense Management (TEM) centralizes your technology silos into one collaborative tool utilizing standardized best practices to manage telecom costs and procedures

With a fast-changing environment and soaring telecom costs, Telecom Expense Management (TEM) software is a cost-effective way to lower costs and reduce redundancies. Corcentric’s TEM offering enables simpler telecom spend and real-time inventory management, invoice auditing and processing, usage accountability, and includes business process outsourcing services to assist with recovery, benchmarking, contract negotiations, and implementation management.

Working in tandem with your telecom and IT teams, we analyze your current telecom spend and approach to inventory, ordering, and contract management as well as business intelligence/reporting, incidents, and security to create a solution that maximizes your telecom savings and optimizes your processes.

Corcentric’s TEM software toolset enables customers to reduce telecommunications costs and streamline processes so internal telecom and IT teams can better:

• Maintain accurate inventory of all network elements
• Confirm activity of all phone numbers and circuit IDs included on invoices
• Validate invoice charges compared to contracted rates
• Dispute invoice charges with carriers and receive credits for overbilling
• Split charges per cost center based on actual spend of each mobile, fixed line, and data circuit
• Generate and send custom reports on-demand to managers to assess the impact of services on the bottom line
• Initiate an approval process and pre-approve invoices that do not require further review
• View invoicing trends
• Compare actual telecom expenses to budgeted expenses
• Gain efficiency through process improvement
• Manage, order, and provision inventory
• Develop a telecommunications strategy
• Recognize potential labor savings and reduce staffing requirements
• Build a telecom budget and predict future network costs

The customizable features of our TEM solutions allow your telecom and IT teams to gain visibility into the numbers that matter most. By partnering with Corcentric’s telecom experts, you will have an accurate tool that provides the proper insight for telecom and IT management teams to operate efficiently, reduce telecom costs, and plan for future technologies.