Provide Detailed Budget to Actual Reporting
Step No. 5: Provide detailed budget to actual reporting
Improving expense visibility is critical to effective wireless expense management. Providing managers with visibility into the longest calls, the most expensive calls and any unnecessary expenses is a great way to reduce simple but expensive mistakes in overuse. You can't manage what you can't see, and nothing is truer in wireless expense management. When you know what you are actually spending on wireless costs, you can negotiate better rates. When users know their actual to budget spend, you drive down consumption. And when you can see the exceptions-your highest users, phones with no usage at all, etc.-you reduce cost. By understanding what's being spent on wireless from top to bottom, you improve visibility and reduce wireless spending.
There's certainly a clear business case for better wireless expense management. Most organizations typically save 15 percent on their annual mobile spend. And most realize 100 percent return on investment in less than one year by eliminating overcharges, optimizing mobility management and gaining control over a notoriously complex area of the business.
Thierry Zerbib is co-founder and Chief Executive Officer at Telesoft. Thierry is a 27-year veteran of the telecom industry and a recognized pioneer in the telecommunications expense management market. As chief executive officer and co-founder, Thierry saw the business need and impact of automating and simplifying the telecom expense management lifecycle. Thierry holds dual degrees in Computer Science and Math from the Tel Aviv University in Tel Aviv, Israel. He can be reached at email@example.com.