By Rich Popper, Veramark Director of TEM Product Management

I don’t have time to watch much TV, but I recently saw a Capital One commercial where Jimmy Fallon asked, "Who doesn't like fifty percent more cash back?" In corporate America today, I don’t think anyone would raise their hand in response. In fact, many companies are happy with much smaller returns to offset rising costs, as every dollar saved helps the bottom line.
 
With telecom costs being one of the largest corporate expenses, organizations are looking at lots of different ways to get that cash back. One way that companies try to save money is to only sign up for one-year service terms on circuits. They do this hoping that technology advances and competitive pressure will drop the pricing enough year over year to generate more savings than signing up for a longer term upfront. The annual renegotiation strategy may generate some savings, but it is time consuming and can result in much lower savings than expected.
 
Longer term commitments have built-in savings versus the base one-year term price, but few companies themselves do the full analysis of the savings of a three-year term against the one-year price of all three years. Utilizing Veramark’s TEM Professional Services team, this exact type of analysis for a customer found that across all of their circuits, they would have saved an average of 24% by selecting three-year service terms instead of the one-year terms they had signed up for. The average savings was 24%, but there were many individual circuits where savings topped out at over 50%.

Picture that – more dollars back to the bottom line by doing less work. Who doesn’t like that? 

LEARN MORE – Visit http://www.veramark.com/ to learn more about TEM solutions that help you do more with less.

 
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DISCLAIMER: Veramark Technologies, Inc. does not guarantee the authenticity, accuracy, appropriateness, or security of any hyperlinks contained within this posting.

By Rich Popper, Veramark Director of TEM Product Management

Holiday time is great for seeing family and friends, reflecting on the year and getting a jump on things for the next year. My wife and I took advantage of a break in the holiday festivities to some cleaning in the basement. We wanted to reclaim the space for more important things in our lives than distracting clutter.
 
Over time, a box here and a box there added up to a major loss of floor space. My wife rolled her eyes when I told her it reminded her of my old office where we had stacks of paper telecom bills in boxes. That was before we started a TEM program and moved to electronic billing, but I’ll save that story for another blog.
 
So where to begin? This simple question is often one of the hardest to answer when there’s a lot to do.

In our case, we made a simple game plan with three main objectives: 1) getting a better handle on seasonal decoration storage; 2) consolidating the exercise area and 3) cleaning out the “too young” toys in order to make room for some more appropriate age items for our son. I made another comment about this being like TEM – figuring out what to do with the invoices, getting orders into the system, filing disputes – only this time I got the eye roll and a comment that I’ve been working too hard.
 
After a few hours of reorganizing, taking out a bunch of garbage and getting buy-in about what toys could go, we were finished and we all felt great. We now have an unobstructed area for exercising, the seasonal decorations are easy to get to but are out of the way and our son has reunited with his art easel. We know where everything is and have more space to work and play and live in with less stuff in the way.

As we walked up the basement I said to my wife, “It’s amazing, this is just like TEM!” This time she laughed and said “Yes, it is dear. Now can we spend some more quality time together with less talk about TEM?”

LEARN MORE – Visit http://www.veramark.com/ to learn more about TEM solutions that help you do more with less.
 
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DISCLAIMER: Veramark Technologies, Inc. does not guarantee the authenticity, accuracy, appropriateness, or security of any hyperlinks contained within this posting.