Organizing Your Telecom Expenses

To manage your telecom expenses you need to understand them. To understand them, you need to define and classify them. For many businesses, doing this internally entails a great deal of data entry and specialized spreadsheet use. That’s why our communications management software specializes in helping management perform these tasks through an intuitive web interface. The following categories are useful to help any business understand its telecom expenses.

Hardware/Infrastructure Telecom Services: These are services that are categorized by the equipment needed for them to exist. From this approach, the fundamental services are landline Voice, Cellular and Internet, but this is evolving along with the technology. Smartphones currently represent a point of transition, creating a Cellular data category, but this is rapidly vanishing into core cellular service. Similarly, roaming wireless Internet seems to be a category in transition, attached to either static Internet Service or Cellular service depending on the carrier.

Vendor Defined Telecom Services: These services are at heart, line items on your bill. These are often sub-divisions of hardware-defined services. Cellular services include voice, texting and data. Landline services include local and long distance. Expect these to transform over time as the plasticity of data allows services to be divided in any number of ways.

Telecom Service Bundles: One vital part of telecom expense management is the ability to compare service bundles by individual service, so that we can migrate or modify agreements to produce savings. All-in-one bundles may be the right choice for consumers who want to avoid billing hassles, but companies need a more sophisticated approach to improve the bottom line.

Telecom Usage: Finally, to manage your bill you need to find out how the money’s being used. That means identifying patterns in your company’s telecom usage. You can do this by location to compare multiple sites, by department or even by individual, over monthly, quarterly, annual and even lifetime usage. You can’t intelligently save money until you know what you’re already spending it on.

As we said in the beginning, general applications like spreadsheets can help smaller businesses track all of these factors, but enterprise level companies, as well as companies with complex telecommunications needs regardless of size, should consider a professional telecom expense management solution that can define and sort information in these categories, so as to keep billing error-free and optimized for savings in all necessary services.