Telecom expense management (TEM) is a widely used service in the US. It saves organizations millions of dollars and hundreds of hours by simplifying the management of their telecom estates. And the global TEM market size is projected to reach $5288.6 million by 2026, at a compound annual growth rate of 9.1%.
But in Europe, many businesses aren't taking advantage of a TEM provider. Here's why they should.
Telecom Estates are Complex
With a myriad of mobile devices, connections and tariffs, the sheer scale of telecom estates can be overwhelming. With so many devices, invoices and contracts to keep track of across different countries, languages and currencies, managing your telecom expenses in Europe is no mean feat.
Competent TEM requires continuous monitoring and analysis, which can put great strain on your staff when handled internally. Furthermore, it's often true that internal teams lack the resources and necessary knowledge of the global telecom market to effectively control telecom spend across borders.
There's no doubt about it, TEM is a complex beast to tame.
Thankfully, partnering with an expert TEM provider can help alleviate this complexity and make safely navigating the telecom arena much simpler. They’ll be able to consolidate your telecom data into easy to interpret dashboards and reports, allowing you to regain control of your telecom spend.
Visibility of TEM Costs
Partnering with a global TEM provider will give you a centralized location to view your entire telecom spend. This is crucial for businesses operating circuits across many country borders with multiple vendors.
This heightened clarity leads to significant cost-savings. When you're well-informed about your telecom estate, you can make smarter business decisions and ensure you're not wasting money on unused services, inappropriate tariffs, or expensive extras.
In addition, at a local level, this lets in-country teams work quicker by allowing them to manage their specific environment, carrier relationships, and spend more effectively.
Enterprises can go years before realizing they're paying for services and devices that are no longer in use or inappropriate for purpose, which is equivalent to throwing money in the trash. Teaming up with a TEM provider in Europe ensures this doesn't happen because you'll have a far richer overview of your telecom expenditure.
Improved Mobility
To support teams in 2021 and beyond , end-users need quick access to their remote working and collaboration tools. And with the growing popularity of Bring Your Own Device (BYOD) programmes, this access needs to be adaptable and fully scalable.
By partnering with a TEM provider, businesses can ensure security, maintain compliance, and manage costs across their entire mobile infrastructure. With services such as unified endpoint management (UEM), enterprises can solidify their network security, centralize data control, and manage their growing fleet of devices from one place.
This ensures continued support and can supplement growth while keeping mobility costs under control.
On-Going TEM Support
An experienced TEM provider won't only bring you initial cost savings – they'll also supply you with on-going support as your enterprise develops and your needs change and adapt to an unpredictable business landscape.
This ongoing partnership will lead to further cost optimization in the future, thanks to advanced bill monitoring, periodic overcharging refunds, and continuous auditing procedures.
Instead of attempting to traverse the shifting telecom environment alone, a TEM supplier can act as your own personal navigator – guiding you towards best practises, significant cost savings, and watertight compliance.
Reduce Your European Telecom Spend
From initial cost reductions to the thousands of man-hours saved, it's clear that European enterprises have so much to gain by employing the services of a global TEM provider.
For more information on the how much you could save with TEM, download our ebook today.
Topics: TEM
