It’s time to toss out the crystal ball and create telecom forecasts you can trust
When creating financial budgets, telecom and UC managers need to accurately predict future telecom expenses. It can be a challenge. After all, measuring company performance is not a single-dimensional snapshot but rather, one must address the impact of the many moving parts inherent within every office.
The fact is, organizations constantly change. They grow, shrink, open, close and move – and that doesn’t even account for periodic changes to ongoing technology enhancements and changes. This type of activity creates a host of MACD (move, add, change, disconnect) service requests throughout the year, making it extremely difficult to predict how or what to forecast for a telecom budget.
When creating an accurate financial forecast for telecom expenses, and plotting actual expenses against it, managers are often stuck with cumbersome manual processes that access data dumps and multiple applications to get an accurate view of the organization’s past financial outlay for telecom services.
To speed and simplify this process, many organizations have discovered a more sophisticated automated approach. As part of a complete Telecom Expense Management (TEM) solution, organizations can now create accurate telecom forecasts that:
Telecom forecasting capabilities are quickly becoming a standard part of more advanced, full-featured TEM programs. It enables enterprises to link inventory to invoice items so they can easily produce automatic forecasts. It helps them create budgets for future telecom expenses at an inventory item level by analyzing past invoices, credits, posted internal charges and in-flight MACD activity. They can even include anticipated future charges such as opening or closing offices and major contract negotiations in the equation.
One thing is for sure, change happens fast. Being able to anticipate and plan with the proper forecasting solution can make all the difference. Which is why, as part of the Calero Telecom Expense Management solution, we offer a robust Forecaster feature designed to help our customers predict and create the right budget for the future.
Worldwide telecommunication spending is projected to reach $1.6 trillion by 2018, according to Statistica, but many organizations have a hard time managing communication spend. The...