Asset 1EN.png

Cimpl Blog

Your Weekly Insights on How to Manage your Enterprise Digital Footprint.

The Diversity of Telecom Expense Management Today [Part 2 of 2]

Posted by Chris Thierry | June 23, 2011 10:00 AM

From Bill Auditors to TEMdescribe the image

In 1996, bill auditors finally added new telecom expense management services and 6 years later, the T.E.M acronym was used to describe these new services, the industry, and the service providers. Fast-forward almost 10 years, and T.E.M providers now offer inventory management and change control, sourcing, procurement and fulfillment, invoice management, expense management (including validation and optimization), employee lifecycle management, usage chargeback, bill payment, and reporting which provides business intelligence.

TEM providers have had to adapt to client needs, specifically when it comes to wireless expense management – and they have done so. Wireless expense management is the fastest growing part of TEM, as wireless technology continues to be at the forefront of many carriers today. In Bell Canada's 2010 annual report, its wireless segment (Bell Mobility) saw a customer base increase of 82%.  Bell’s 2010 annual report also shows that its wireless data revenue increased more than 41 percent, which comes after a 27 percent gain in 2009. As wireless assets become more and more prevalent in businesses and new devices are released, TEM will expand to offer the services needed to allow businesses to incorporate these new technologies with ease.

According to the pattern seen in recent years and the demand seen today, the TEM industry will continue to flourish and the market will continue to grow and allow more market participants. TEM has come to a place where it works as a part of the company infrastructure, integrated into organizations in order to improve management of their devices from every angle.

The New TEM Vision of its industry

As the industry moves forward, TEM now has a new vision which puts analytic and business intelligence at the forefront, and operates strictly on the foundation of best practices. Great TEM providers who have this vision and who are successful in implementing it are seeing a vibrant future and can only go up from here. Network expenses are right now at the top of the list on the profit and loss statement for most businesses. Seeing how telecom networks are only becoming more essential to business, this isn't going to change- and that's where great TEM providers come in.

Start your own Telecom Expense Management self-assessment today by Downloading our Managed Services Checklist. 

 What is Telecom Expense Management?

RELATED ARTICLES: 

 Read the Blog Post Part 1 - The TEM industry like never before.

Topics: Telecom Expense Management, tem

Written by Chris Thierry

Christopher is the president, founder, visionary, and driving force behind Cimpl, which first started in 2000 as Etelesolv: his goal is to bring holistic enterprise solutions to companies of all shapes and sizes. Moreover, Christopher’s devotion to the well-being of his employees has made Cimpl one of Canada’s Top 50 Employers. He’s also dedicated to giving back to his community, by serving in multiple industry associations. He’s a mentor for the Canadian Youth Business Foundation and a member of the Young Presidents' Organization, the Entrepreneurs’ Organization, the CIO Association of Canada, and the Telecom Expense Management Industry Association. Christopher holds a Bachelor’s degree in Management Information Systems and Marketing from the John Molson School of Business at Concordia University. He is also a graduate of the Massachusetts Institute of Technology's (MIT) Entrepreneur’s Master’s Program – a program specifically designed to optimize the skillsets of founders of high growth companies.

Follow Us!

Bring Your
Bank Case study on Expense Management
BYOD

Subscribe to our Blog