In today's fast-paced business landscape, the costs and complexity of telecoms have become a major concern for companies worldwide. The rise of hybrid work models, the mobilization of business processes, and the ongoing digital transformation have all contributed to the skyrocketing expenses in this area. As a result, organizations are now actively seeking ways to regain control over their spending and optimize their telecoms environment.

Thankfully, there are smarter telecoms expense management solutions and practices available that can simplify the management of your telecoms environment. These solutions not only help you streamline your operations but also enable you to make data-driven decisions for better cost optimization and increased productivity. By automating your telecoms expense management processes, you can gain real-time insights into your spending, allowing you to monitor, visualize, analyze, and take complete control of your business expenses.

With a comprehensive telecoms expense management solution, you can answer crucial questions about your spending patterns and identify areas where you can make significant savings. By understanding your telecom expenses in detail, you can make informed decisions about your budget allocation, negotiate better contracts with service providers, and eliminate unnecessary costs. This level of visibility and control allows your business to operate in a more efficient and optimized telecom environment.

Here are a few crucial questions and answers: 

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

Most companies can accelerate return on investment on telecoms expense management by identifying inefficient spending in their businesses. With telecoms 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 telecom’s 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 telecoms 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. Telecoms 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 empowers businesses with automated collection, enrichment, and verification of enterprise spend data. Through seamless integration with service providers and your ERP system, OneView® ensures accurate and up-to-date information is readily available. The knowledgeable team at 1Nebula can work closely with you to implement smarter processes and tools that align with your unique business needs. By leveraging the power of OneView®, you can drive growth, foster innovation, and accelerate your digital transformation journey.