How to Make the Transition with Telecom Expense Management
November 25, 2009
Everyday companies are asking an age old question: are we sufficiently profitable? If the answer is yes, then the company will think of ways to maintain and increase their revenue and if the answer is no, then the company will look for ways to improve their bottom line profitability and this usually begins with cutting costs.
Cost-cutting companies will first look at functions perceived as cost centers-functions necessary to conduct business but do not generate revenue and profit. On the other hand, business functions that are producing revenue and profits are viewed as a profit center and will usually remain intact and typically not experience budget cuts.
For many companies, the telecom department is generally viewed as a cost center and companies are learning that to keep this department afloat, engaging in a Telecom Expense Management [TEM] initiative is a crucial step in the right direction.
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