Technology costs and complexity have spiraled over the past few years, with hybrid work, mobilisation of business processes, and digital transformation all helping to catalyse explosive growth. At a time when most corporate budgets are under pressure, companies are looking for ways to regain control over their spending.

Thankfully, smarter technology expense management solutions and practices enable you to simplify management so that you can optimise spending and productivity. With today’s cutting edge solutions, you can automate technology expense management processes and gain accurate real-time insight into your spending.

This enables you to monitor visualise, analyse and control your business expenses. Here is a guide to how technology expense management solutions can help you answer important questions about your technology spending patterns and guide your business towards a more optimised technology environment.

How does our actual spending align with our budget and what spending trends are forecast for the future?

Keeping track of spending across hundreds or even thousands of users is a difficult task. Technology expense management software provides smarter analytics and reporting tools, enabling you to see spending and trends at a high level as well as to drill into granular detail about specific users or cost centres.

What are the major sources of wasted or inefficient spend in our environment?

Most companies can accelerate return on investment on technology expense management by identifying inefficient spending in their businesses. With technology expense management, you can easily track and rectify sources of wasted spend.

Are our service providers meeting their commitments?

Without a centralised view of your technology environment, it can be challenging to manage service provider and vendor relationships. It’s essential to ensure that you’re getting the service for which you are paying and that service providers are held accountable when they do not deliver what they have promised.

Smarter technology expense management solutions provide the tools you need for improved vendor management including service level agreement monitoring, service delivery and billing verification. This can help you avoid issues such as being billed for services which are no longer in use or getting charged more than the agreed rates for particular services.

Can we get an accurate perspective of costs across different cost centres?

One challenge many companies face without an automated environment is tracking spending across different business functions and departments for accurate cost allocation and charge-back. Technology expense management helps you simplify allocating costs to different users and functions, helping you to monitor and charge-back spending.

OneView® from 1Nebula is a cutting edge Microsoft-certified solution that enables automated collection, enrichment, and verification of enterprise spend data through integration with service providers and your ERP system. Our knowledgeable team can work with you to roll out smarter processes and tools that will help you grow, innovate and accelerate digital transformation. Contact us to learn more.