3 Emerging Trends in the TEM Industry

By Telecom Tech Outlook | Monday, January 13, 2020

The mobile cloud process obtains career billing information and compares and contrasts with the user's services, by operating through workflows designed for each type of company and all kinds of needs.

FREMONT, CA: Expense management lies at the core of any business, and the same is the case with the telecom sector. Telecom Expense Management (TEM) can be a complicated process, primarily due to the vast array of telecom services provided by innovative telecommunication companies today. Businesses often have multiple voice platforms for offices, multiple messaging platforms for employees, and various data services like wireless, ethernet, and intraoffice setups. Catering to these diverse telecom needs can be a tedious process, which requires a sophisticated telecom expense management plan.

Here are three emerging trends for the TEM industry.

Growth of the Cloud

Digitalization is rapidly spreading across all industries. Cloud vendors and enterprise application software-based IoT capabilities have become standardized services within cloud platforms. This has brought in a whole new perspective to enterprise architecture and technology, and vendor selection decisions amongst innovation leaders. The mobile cloud process obtains career billing information and compares as well as contrasts it with the user's services, by operating through workflows designed for each type of company and their specific needs.

Robotic Process Automation

The TEM industry has facilitated the rapid growth of the Robotic Process Automation market (RPA). The widespread adoption of RPA could radically transform the Business Process Management marketplace in the next few years. RPA is fully integrated into a proprietary cloud-based zero code web, mobile, and workflow platform, and automates back end business processes. This increases operational efficiency, provides support with cost transparency and visibility for enterprises. It also acts as a network analyzer that collects enterprise hardware and services data. It also helps in mapping data with the enterprise Configuration Management Database (CMDB) by leveraging another proprietary parsing tool to breakdown invoices or inventory files of any format. 

Real Inventory Tracking

Having better precision in the telecom inventory is of real and tangible significance as it saves companies from spending big bucks and reduces the overall security risks. It also prevents the mismanagement of resources. Integrated IT asset management solutions automate the discovery and collection of real-time inventory tracking data. By implementing robust processes with tools that automate manual processes, enterprises can emphasize on the needed essentials and ultimately achieve higher levels of accuracy.