Why should a CFO care about telecoms expense management (TEM)? An aspect of business typically handled by the company CIO, it may seem silly to worry the finance team with managing telecoms technologies.
But this is failing to see the bigger picture.
And that bigger picture is the role of the CFO in monitoring communications expenses across the enterprise. The right TEM solution boosts overall cost efficiency, which is something all modern CFO should be striving to achieve.
Our telecoms expense and lifecycle platform, OneView, improves decision-making through greater transparency, which, ultimately, helps businesses reduce costs. This transparency is achieved through our various OneView reports, which allow our clients to keep tabs on everything as it happens. To illustrate just how valuable this information can be, we sat down with our team of telecoms data scientists to discuss which OneView reports prove most important to CFOs and here’s what they had to say:
Budget Tracking Dashboard: With OneView Mobile users can view their total mobile spend versus their total mobile budget for the current fiscal period. Not only do these reports help the finance team see if they’ve been sticking to their budget targets but it also showcases how much the business has over or under spent at the end of each month per division, group, or cost centre.
OneView Mobile Financial Baseline Report: This report is used on a monthly basis to give the finance team a snapshot of current mobile spend. It also provides a detailed breakdown of all mobile devices, packages, usage and associated employees, which serves as a baseline of mobile costs across multiple service providers and cost centres.
OneView Mobile Recharge Report: Want to find out which departments or specific employees are spending the most? With the Mobile Recharge Report you’ll receive a breakdown of the mobile costs per employee, cost centre and division to support internal cost recharge processes. This report integrates with your HR file, cost centre mapping and provides customised recharge model support to match unique business needs.
To make this process even more seamless OneView also provides a SAP Recharge Journal where no re-journaling is needed, the client can just upload to their SAP recharge system, which saves time and effort.
OneView Lite Mobile App: You might wonder, why is this useful to the CFO? The OneView Lite App creates fosters spend awareness by giving employees a view of their own mobile spend. This drives down out-of-bundle spend. Users can load all company owned devices onto the OneView app, including mobile phones, tablets and dongles. This way they can drill down into each device or SIM and receive real-time information around their bill, package and usage.