What is Expense Management or Spend Management?
Each organization has a varied expense or spend by commodity or service category that must be managed with personnel and software. Many organizations decide to utilize a Business Process Outsource (BPO) partner to assist with the expense management tasks to create a more efficient financial management system. Business process outsourcing (BPO) allows an organization to turn over one or more business processes to an external provider that, in turn, partners with the organization to own, administrate and manage the selected processes based on defined and measurable performance metrics.
What is TEM?
Telecom Expense Management (TEM) creates visibility into all telecom costs for the entire lifecycle of the invoice, managing the service, spend and equipment.
What is MMS?
Managed Mobility Services (MMS) manages the entire lifecycle of the expenses and the wireless device to create an environment of accuracy from order placement to invoice receipt, audit and bill pay.
What is Utility Expense Management?
Utility Expense Management (UEM) creates visibility into all utility and energy costs for the entire lifecycle of the invoice, managing the service, optimizing the spend and bill pay.
Identifying your Specific Expense Management Needs
Understanding your company’s intricate needs for processing invoices and managing expenses is the first step in your journey. Being able to see the outcome before you select a solution will not only save you time, but will give you and your team the assurances that you are going down the right path, with the right partner.