Skip to content
Finance — Business — Technology

Telecom expense transparency: The overlooked element essential for effective financial management

Organisational stability hinges on four key elements: workforce, finances, infrastructure, and resources. Lately, there's been a growing recognition of a crucial missing component – Telecom Expense Visibility – in the arena of financial governance.

,   and  Administrator
2 min read
The Lack of Transparency in Telecommunications Costs Plays a Crucial Role in Financial Oversight
The Lack of Transparency in Telecommunications Costs Plays a Crucial Role in Financial Oversight

Telecom expense transparency: The overlooked element essential for effective financial management

In the modern business landscape, telecom has become a critical component, yet its management often falls short due to rapid evolution outpacing traditional systems. This fragmented web of carriers, contracts, devices, and service layers has led to a lack of oversight, hidden costs, and missed opportunities for savings.

Enter OneView, a technology expense management tool designed to help organisations reduce waste, renegotiate valuable contracts, and drive measurable savings across their ICT footprint.

OneView offers a comprehensive solution, providing real-time spend dashboards for Finance and IT leaders, SLA monitoring, vendor performance insights, cost anomaly detection, and usage-based optimisation recommendations. With OneView, organisations can gain a unified platform for real-time visibility, control, and optimisation of telecom costs.

The platform automates data aggregation across carriers and contracts, consolidating usage, contracts, and billing information into a single, accessible view. This real-time expense visibility is the new standard for telecom financial governance, helping companies make informed decisions and course correct when necessary.

Collaboration between Finance, IT, and Procurement teams is essential for effective telecom cost management. Unfortunately, few businesses have the data to monitor whether telecom suppliers consistently meet performance thresholds. With OneView, this issue is addressed, providing the necessary data for these teams to collaborate effectively and make data-driven decisions.

Ignoring telecom spend patterns can lead to wasteful and unused services, as well as operational dependency on complex arrangements. Furthermore, the inability to forecast telecom costs accurately can undermine broader financial planning and add volatility to operational budgets. By addressing these issues, OneView helps transform telecom from a risk area into a controllable, strategic spend category.

The benefits of OneView are not limited to theory. Companies in Germany, including large enterprises in sectors such as automotive, manufacturing, and logistics, have adopted the platform. While specific company names are not publicly disclosed, the success of OneView in these sectors demonstrates its effectiveness.

Old-fashioned approaches to telecom expense management are no longer sufficient for modern finance. Leading finance teams treat ICT spend with the same rigor as any other strategic supplier category. Integrating telecom expense management into the CFO's responsibilities for financial governance and cost control is no longer a luxury, but a necessity.

By adopting OneView, organisations can transition from fragmented oversight to actionable insights, transforming telecom from a risk area into a controllable and optimised component of financial governance.

Read also:

Related

Latest