Tele-Watch Year to Date

Understanding your Calendar Year to Date Report From Tele-Watch.

A quick glance at the Calendar Year to Date Report and you may feel like you are seeing hieroglyphics.

Relax!!!  Knowing a few key things to look at can provide significant insight, and make you all-knowing about  your wireless expense management.

An easy check to determine if your mobile management strategy is working is to consider two key calculations:

Cost Per Minute
and
Cost Per Unit

 

Cost Per Minute takes the total cost of services and plans for a given month (excluding Hardware and miscellaneous one-time admin charges from your bills), and divides that value by the total minutes of usage for that month.

 

Cost Per Unit takes the total cost of services and plans for a given month (excluding hardware and miscellaneous one-time admin charges from your bills), and divides that value by the total number of active units for that month.

 

To see your company’s CPM and CPU at a glance, navigate from the Reports Menu, to the Mobile Calendar Year to Date report. 
This will bring up a summary of your current and previous year of mobile usage and expenses. 
At the bottom of each year’s chart are the CPM and CPU calculations.

Lower results of these calculations indicate greater savings for you. 
If there is a significant drop in usage, Cost Per Minute values would increase proportionately, however, the Cost Per Unit would likely decrease slightly or stay the same.

Having said that, being able to identify and justify increases and decreases in CPM and CPU can illustrate opportunities for savings and changes in business trends.

 

When the resulting CPM and CPU are compared – either to a previous month or prior year, justifying the differences in these figures means looking at fluctuations in other charges.  Often it is a significant change in roaming charges or long distance that causes an increase or drop in these values, also the addition of new units, or changes in minutes of usage greatly affect CPM and CPU. 
These changes may deserve some investigation as to whether they are acceptable business expenses, or perhaps there is a cheaper or more effective way to carry out mobile business functions.

 

Also using the % change calculation over the previous year can help seasonal type businesses see where they stand against peak times in other years.  This could lead to recognition of trends within your business, and empower you to take proactive steps to negate these charges.

 

For Example:

Every May there is a surge in Roaming charges – this is because there is an annual convention that 10 employees attend.  Ensuring that all of these employees are on appropriate roaming plans before they leave for the conference in future years can result in huge savings.

 

Cost Per Minute and Cost Per Unit are valuable gauges in determining effectiveness of your company’s wireless expense management.

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