Valicom Blog The Power of Telecom Expense Management (TEM) in Cost Reduction

Managing telecom expenses is one of the most overlooked opportunities for cost savings in business operations. Many companies face unintentional overspending due to billing errors, underutilized services, and a lack of centralized management. In fact, research shows that companies can waste up to 12% of their telecom budgets due to inefficiencies. Telecom Expense Management (TEM) provides a systematic approach to tackle these challenges. By consolidating inventory, auditing invoices, and negotiating contracts, TEM uncovers hidden costs and drives significant savings. But the value of TEM goes beyond dollars saved—it also provides powerful reporting tools, budget forecasting, and opportunities to align telecom usage with broader business goals. This makes TEM not just a financial strategy but a critical element of overall business optimization.