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[prnewswire] According to industry research, up to 26 percent of a company’s telecom spend is erroneous and/or could have been avoided. By implementing a Telecom Expense Management solution, companies can effectively manage their telecom spend in a standardized, centralized, accurate way. Among the business tips included in are:

1. Benchmark the total cost of ownership (TCO) for telecom services
2. Understand the CIO’s and CFO’s role in TEM
3. Without a TEM solution that offers mobility management, be prepared to overspend on wireless costs by 15 percent
4. Negotiate new and better contract
5. Uncover why billing errors occur and how to avoid overpaymen

Telesoft Reveals The Seven Things Executives Should Know About Their Telecom Expenses