Mobile expenses are coming under closer scrutiny as companies look for smarter ways to contain costs. Many enterprises are looking at cutting edge mobile expense management solutions as a way to simplify operations and get better visibility into their mobile device, voice and data costs.

In a time of digital transformation, companies increasingly appreciate the way that smarter mobile expense management tools help them to reduce telecom costs as well as budget and forecast spending with higher degrees of accuracy. The benefits of these cutting edge tools in curbing wastage and overspending are well understood.

But in addition to helping companies optimise contracts, eliminate unnecessary spending and cut abuse of resources, mobile expense management solutions bring a range of other spin-off benefits to a business. Here is our guide to a few of the less obvious ways smarter mobile expense management can benefit your business.

Enhance employee satisfaction: Expense claims and reimbursements—and the related admin—are a major friction point in the employee journey. Smarter mobile expense management makes it easy for end-users to track their usage of company resources, split their personal and business expenses, and file their claims or expense reports. They can manage their devices and contracts from an app that empowers them and helps them be accountable.

Simplify hybrid working models: Hybrid working models, digital transformation, and bring your own device ownership models all make it more complicated for the IT and finance teams to track devices and usage. Mobile expense management empowers knowledgeable teams with the processes and tools they need to provision resources, monitor spending and draw up budgets in a complex environment spanning multiple telecom services, lines of business, and device ownership and charge-back models.

Boost IT and finance teams’ productivity: Companies realise that spreadsheets and manual methods turn processing invoices, recovering or reimbursing costs, managing inventory and ordering new services and devices into a time-consuming chore. But they are often surprised by just how much an automated solution can accelerate these processes and how much time it gives back to their procurement, finance and IT teams. This frees up their people’s time to focus on activities core that add more value to the business

Changing the cost culture: Mobile expense management isn’t just a tool for tracking costs from the top downwards—it’s a smarter approach to changing the cost culture from the grassroots level. Automated usage notifications create companywide awareness to help users understand their impact on company costs and reduce mobile overspending.

Streamline compliance: The benefits of mobile expense management in providing an accurate data source for audits are well understood. But a smarter platform also makes it easier to onboard and offboard in compliance with company policies and regulations such as RICA. Furthermore, a centralised solution helps to minimise privacy risks and information security vulnerabilities, compared to processing and keeping data in multiple siloes.

1Nebula has 25 years of experience in helping organisations to simplify telecom and technology expense management. Our smarter solutions can help you manage your mobile environment, curb overspending and put an end to bill shock. Get in touch to learn how our knowledgeable team can support your mobile expense management, FinOps and digital transformation journey.