This type of all-in-one solution has the ability to get a clear picture of your company's technology costs and their impact on your business. Companies of all sizes continuously rely on the help of technology management software to develop and maintain a business technology strategy. Needs change quickly, and the solutions that businesses need include almost every element of technology and business governance.
If your company is able to control incorrect or fraudulent billing, is able to negotiate and optimize telecommunications plans and has introduced a system that gives it access to the benefits of not investing in cost management for IT services, you will see enormous benefits. Obviously, some organizations have already made this investment invested in cost management software to achieve significant cost reductions in IT management.
Do you have 100% understanding and control of your TEM processes? Can you see how all of your technology devices are being used at any given moment?
Technology Expense Management can help with:
- Streamlining the audit, asset management, order fulfillment, and payment operations process
- Understanding procurement workflows and improving inefficiencies across the enterprise
- The rise of digital transformation and automation
- Continuation of moving to the cloud SaaS, private, or hybrid
- The evolution of Point and Click, easy to use tools
- The added complexity in billing and subscription pricing models
Increasing Economic Pressure
Organizations often realize the need for a complete TEM strategy when reviewing their IT budget's annual expenses. Globally, companies spend more than 1.4 trillion dollars annually on communication services alone, utilizing, on average, nearly 40% of the IT budget. Now more than ever, businesses must respond to intense competitive pressure. Many are struggling to keep their doors open, which is a challenge that becomes greater every day. Taking a close look at your business’ technology expenses can greatly improve your market position, efficiency, margins, and long-term viability.
The Rise of Work from Anywhere
Work is no longer a place; it's an interconnected network of people, customers, and content. The office is becoming increasingly virtual. As remote work becomes the new normal, shared resources may no longer be accessible. Expenses relating to cloud technology, data, and information services are large and growing for many organizations, even those where staff are still reporting to a physical location. Especially if you are packing boxes and sending your team home to work virtually, you need experts to help you manage your technology expenses.
Finding the Right TEM Partner
Each company's technology expense management demands are unique. You need a partner that not only has technological expertise and experience but also an understanding of your organization and a team that fits your culture.
Experience is a key element of being able to deliver the best TEM value. LinkSource has been in business for more than 21 years, serving clients across the United States as trusted technology advisors in telecom, cloud, technology, and bid management. Our strategic and advisory services help organizations to achieve their business goals, including aligning disparate departments and corporate strategies, redesigning technology, and transforming infrastructure.