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Telecom Cost Management, Visibility & Gaining Control of Spend

By STEFANIA VISCUSI TMCnet Assistant Editor for Channels

When it comes to managing spend in the enterprise, the benefits provided by employing telecom cost management can not go unmentioned.

A great value in Telecom Cost Management is the visibility into telecom spend that it provides. With this visibility, enterprises are able better plan, manage and optimize their telecom environment and resources while keeping tabs on where money is going to at all times.

The problem with companies who don't utilize Telecom Cost Management is that most of them don't even know that there's money being lost and that there could possibly be places where savings can occur, if improvements are made. Unfortunately, those areas of improvement can not be seen without proper visibility into them.

Setup to aid in the fight against increasing telecom costs; telecom cost management is a solution enterprises are increasingly leaning on. Beyond just inventory management and asset management, visibility offers control needed to take action towards success. To grab hold of the management of spend, it is first essential that enterprises understand and "nip in the bud," the problem areas.

Earlier this year AnchorPoint, provider of integrated TEM solutions, released version 6.0 of their Telecom Expense Management solution.

The release of The AnchorPoint V 6.0 offers improved IT asset management and includes a host of new configurability tools for an enhanced view of all transactions.

Commenting on the new features added to the latest version, John Venditti, Vice President, Software Operations said in a statement, "Our new reporting analytics functionally adds that next level of financial control by allowing users to identify problem areas, and then drill-down into those problem areas to uncover root causes. They can then determine which levers to manipulate to reduce costs, increase efficiency, and drive performance."

With the latest version, it becomes easier to manage spend for all voice, wireless and data usage and offers a better over all view for the IT and telecom staff.

With version 6.0's enhanced data model and reporting capabilities, IT executives are also provided with increased control and visibility of IT asset through the whole pay lifecycle. More detailed reports are also provided so that all users can benefit from the ability to make better, more informed and strategic business decisions.

With the right Telecom Cost Management tools in place, analyzing trends and finding areas of improvement in real-time, will allow the necessary element of visibility to be achieved.

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Stefania Viscusi is an established writer and avid reader. To see more of her articles, please visit Stefania Viscusi's columnist page.