Giving Decision-Makers Detailed Cost and Savings Breakdown – Every Month
There is no doubt that the Telecom Expense Management (TEM) industry has seen tremendous growth in just the past few years. What started as an industry which focused mainly on bill auditing has grown into an industry that successfully manages companies' many telecom and wireless spend - to now include other IT assets as well. As the importance of telecommunications in the business world has reached new levels, every IT managers or CIO know that TEM has become more and more of a necessity. Technology is here to stay and are you ready to manage its data?
Where is the Value of Telecom Expense Management?
IT managers and CIOs around the world have gained undeniable value from using TEM vendors to control their organizations technology expenses, so why do other executives still need to be convinced?
Your team might have been recently tasked with finding cost savings or new operational efficiencies in managing your telecom and wireless environment. Auditing services and changing vendors might be bring initial savings and patch the current symptoms. The use of a TEM vendor to oversee the overall management of telecom brings a lot more value, but still it is cut from the budget because it is evaluated on its monthly fee instead of the savings, time savings and inventory it continually brings.
You’ve probably had a hard time convincing your executives that they can get a significant return on investment (ROI) from a telecom expense management solution. The solution is to be able to provide a regular summary of the cost savings, time savings with an accurate inventory, so that the decision-makers don’t need to look for the information but they have all of the details at their fingertips.
The Monthly Reports your Executive Needs From TEM
The ideal solution to this problem is a monthly report that provides users the ability to collect and demonstrate the value of TEM solution with easy to understand summary graphs and recommendations from experts in the field. The report details the most important trends in the business technology spend while providing expert insight into what can be done to optimize cost and usage. The report is configurable to accommodate the informational needs of the business and has an approval process to automatically distribute it to a pre-determined list of recipients.
With Cimpl’s Monthly Executive Report, decision-makers receive a detailed cost, savings and inventory breakdown. This comprehensive and configurable report is automatically generated and provides the ability to be annotated and distributed to key decision-makers. The monthly graphical report includes:
Key Features of the TEM Monthly Executive Report
The report is a monthly compilation of all key invoice costs and usage. It also has recommendations and comments from our experts following their comprehensive analyses of the customer data. The report has five major parts, each of which corresponds to the following categories:
- Inventory and cost summary
- Identified inventory and cost anomalies
- Top 20 services and costs
- Current and potential savings
- Account overview
Each of these sections has many sub-reports that give more comprehensive breakdowns of data. Of course, the report’s major sections and their numerous sub-sections can be enabled, and/or disabled according to particular customer need. The report can be configured to be sent to particular recipients. Additionally, the text of notification emails regarding the availability of the report can be edited.
Demonstrate Value by giving your C-level the data they need and care about
If it’s not enough, let them know that Good TEM solutions save you 5-30% in telecom expenses. Are you having a hard time figuring out the true ROI of your IT and telecom expense management solution? You probably are. But you have to do it anyway because you have to justify your budget. Cimpl Executive Report shows you in plain terms, hard dollar savings, time savings and inventory accuracy. You won’t need to spend time putting a slide deck together or browsing through the platform to get the data the executives needs, you’ll be able to send out every month a detailed graphical summary that will summarize:
1. Opportunities to Cut More Costs with Hard Dollar Savings
Demonstrate how much money Cimpl saves
(or potentially saves) through the:
- Discovery of billing discrepancies.
- Optimization of services and plans.
- Reporting of zero usage.
2. Time Savings from Automating Your Business Processes
Cimpl saves you time by automating a lot of tasks and processes. Report on the total number of hours saved through the automation of processes, such as:
- Creation, processing, and approval of work orders.
- Sending email notifications and calls-to-action.
- Inventory updates.
3. Inventory Accuracy for All Managed Assets
Tracking of any inventory can be quite challenging; tracking IT and telecom inventory has its own set of challenges. There is a lot of different fields of information and data sets needed to have a good understanding of the environment, and crunching numbers in spreadsheets takes a lot of time that you should be spending on more critical tasks. Cimpl does it for you so that you don’t have to, and Cimpl’s accuracy is very high. In the executive report you’ll get a snapshot of:
- Assignment of IT and telecom assets and services
- Assets not entered or tracked in your inventory
- Services with no service contract
With Cimpl, it’s easy to collect and demonstrate the value of TEM solution with easy to understand summaries. With the Monthly Executive Report, decision-makers receive a detailed cost, savings and inventory breakdown. I’m not your personal IT specialist, but maybe you should share this article with him. Here is the direct link to learn more about the Monthly Executive Report. Also, we invite you to register to our webinar on Wednesday, April 26th at 1:00 PM to better understand every aspect of our new Monthly Executive Report.
Hope this article was helpful! Feel free to contact us if you’d like more information about managing your enterprise digital footprint. We’re Cimpl, experts in technology expense management. Our signature SaaS product lets you comprehensively and simply manage all of your technology assets in one centralized platform.