It is well documented that telecom expenses are often near the top of the list of business expenses.  With today’s economy, reducing wasteful spending can mean the difference in what color ink you use to write your bottom line.  Telecom expense management (TEM) deals with reducing the waste and inefficiency that is inherent within an uncontrolled telecom system.  Telecom expense management has a cousin called wireless expense management (WEM).  WEM is concerned only with your wireless expenditures, while TEM takes in everything, including your hard-wired phone system. You probably need one or the other, but lets concentrate on WEM today.

Were you aware that research has discovered that anywhere from 7% to 12% of wireless telecom invoices have errors?  Did you know that a vast majority of those errors were in favor of the vendor/service provider?  Did you know that 85% of those invoices were paid without question?  Would you like to recover those dollars?  WEM can do it for you.  Generally, wireless expense management companies work on a percentage basis, so they have an incentive to do their best to save money for your company.  Invoice validation doesn’t cost … it pays.

Finding a wireless expense management company is easy.  Finding a reputable one that covers every angle of WEM isn’t quite so simple.  Give us a call today at Verilytics to see if we are the company you can depend on for your wireless expense management needs.  Our seasoned leadership team will audit, negotiate, and act on your behalf to save you money.  It starts with our FREE communications expense audit.  Call today for more details: 1-888-333-5958.

It is not easy to keep your company’s books in the black during these rough economic times. Cutting back is often a necessity, but no one enjoys reducing staff. There are other ways of reducing your expenditures without affecting your personnel.

Reduce The Cost Of Doing Business

One of the largest expenses that a business may incur is their telecom expense. It is right up near the top of the list in many cases. If there were a way to reduce the amount of money spent on telecom without reducing the way you conduct business, would you be interested? Well, there is a way to manage your telecom expenses. It is called telecom expense management.

Telecom expense management, or TEM, can help you control it all. Telecom can be a wild and unruly creature when left on its own, but with proper attention, it can be reigned in and massaged into a well-mannered part of your company. The problem with telecom – especially the wireless end of the spectrum – is that uncontrolled inventory, services, and “who has what device” costs you dearly.  The following are some of the critical components of an effective wireless expense management (WEM) strategy.

Asset Management is essentially inventory control for wireless devices. The WEM team uses software to keep track of each device and who has it. It is successful only if some of the following aspects of WEM are utilized in conjunction with it.

E-Procurement. This is the process that controls how any new device is acquired, every exchange is documented, and all repairs are noted. It assures that only approved devices are obtained. This is accomplished by having a single, centralized point through which everything is approved and procured.

Invoice Validation. The Aberdeen Group found that approximately 10% of all wireless service invoices contain errors, and 85% of those invoices are paid without question. It may be hard to believe, but a majority of the errors are in favor of the vendor and/or service provider.

Expense Optimization is just what it sounds like. The wireless expense management team ensures that you are getting the best deal for your telecom expense dollar. They are vendor-neutral, and will find the most cost-effective vendors and service providers for your business.

The key is to find a wireless expense management company on which you can rely. Give us a call today at Verilytics to see if we are the company you can depend on for your telecom expense management needs. Every month, your company spends countless dollars on overcharges and services you didn’t request or need.  Our seasoned leadership team will audit, negotiate, and act on your behalf to save you money.  It starts with our FREE communications expense audit.  Call today for more details: 1-888-333-5958.

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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The benefits of adopting a telecom expense management (TEM) solution are becoming increasingly evident in this struggling economy. More and more best-in-class companies are turning to TEM to uncover missing dollars and take control of their telecom systems once and for all.

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PORTLAND, OR (November 6, 2009) – Ty Hart and John Hogan announced the launch of Verilytics, Inc, a new telecom expense management company that provides comprehensive auditing services, along with automated solutions, that will enable a business of any size to gain insight and control over telecommunications costs.

The company was founded by a group of telecommunications veterans who saw an increased need in the marketplace for high quality audit and invoice management services. Their combined legal, audit and carrier backgrounds provide an ideal blend of skill sets to help business clients navigate complex and frustrating carrier invoices, and improve their bottom line.

“Every month, companies spend countless dollars on overcharges and services they didn’t request or need,” said Ty Hart, President and co-founder of Verilytics, Inc. “We felt that a lot of companies are being under served in this area. Organizations of all shapes and sizes need cost effective ways to gain control of their telecom budget and reduce expenses, and we are here to help them.”

The team Verilytics has put together has more than a century of combined telecom experience, and has performed telecom expense audits for companies of all sizes.  Services include auditing, automated invoice processing and payment, wireless optimization, network design and procurement, project management, provisioning and tariff/contract analysis.  With staff in Portland, Oregon and Boise, Idaho, clients can take advantage of Verilytics’ existing relationships with more than 80 service providers.

“Telecommunications expenses are among the largest cost items on corporate income statements, and according to leading industry analysts, many companies can lower their telecommunications costs by 15% or more with a detailed audit,” said John Hogan, Chief Operating Officer and co-founder of Verilytics, Inc. “We can help organizations achieve lasting savings, and implement valuable best practices to dramatically improve their bottom line.”

For more information, please contact Ty or John at 888.333.5958 or info@verilyticsinc.com.

About Verilytics

Based in Portland, Oregon, Verilytics provides comprehensive auditing services, along with automated solutions, that enable a business of any size to gain insight and control over telecommunications costs.  Using proven business models, the Verilytics team can identify cost savings and provide immediate recommendations to optimize your communications environment. More information is available at www.verilyticsinc.com.