Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >Enterprises Report increasing demand for Telecom Expense Management Solutions
    Business

    Enterprises Report Increasing Demand for Telecom Expense Management Solutions

    Published by Gbaf News

    Posted on September 19, 2018

    3 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    An infographic depicting the increasing necessity for Telecom Expense Management solutions among enterprises amid rising costs and mobile technology advancements, as discussed in the article.
    Infographic illustrating the rising demand for Telecom Expense Management solutions - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:Global market intelligenceGlobal organizationsTechnology managementTelecom Expense Management Solutions

    The need for greater insight and control of technology assets leads enterprises to TEM

    Enterprises challenged by rising costs, increasingly mobile workforces, and rapidly advancing technologies are turning to Telecom Expense Management (TEM) solutions to meet their current and future technology management needs, according to a survey conducted by global market intelligence firm IDC on behalf of Tangoe, the global TEM and managed mobility services (MMS) standard for America’s greatest brands.

    The survey featured 600 companies with more than 1,000 employees from multiple industries across the United States, Canada, the United Kingdom, France, and Germany.

    The results, to be presented at the upcoming Tangoe Roadshows, showed the vast majority of people surveyed find TEM solutions essential to optimize telecom and mobility expenses.

    Businesses must find new ways to reduce and optimize mobility costs. Mobile devices are increasing across the globe at a dramatic rate and are expected to accelerate with next-generation technologies. Enterprises already forced to manage highly complex technologies will see the challenge increase. They need scalable management solutions that grow with them. Recent IDC research shows 66 percent of U.S. enterprises anticipate investing more in mobility in the next 12 – 18 months and more than 40 percent cite Internet of Things (IoT) devices and machine learning applications as technologies they expect to use in the next three years.

    The new survey results, published in an IDC InfoBrief, sponsored by Tangoe, titled “Telecom Expense Management: Order in a Complex World”, show enterprises are plagued by multiple challenges in how they manage telecom and mobile expenses. Respondents reported their five most significant challenges are:

    • Forecasting for future expenses (32%)
    • Validating telecom invoice accuracy (26%)
    • Managing and maintaining an accurate telecom service inventory (26%)
    • Accurately allocating invoiced charges (24%)
    • Accurately charging back costs across the business (24%)

    By using a telecom expense management solution, respondents noted they could better optimize technology and telecom expenses, accurately allocate assets and simplify vendor bills while improving invoice accuracy. Cost savings and optimization drives TEM adoption, and respondents cite service quality and technology as significantly more important in choosing a solution vs. the cost of the solution itself. Long-term control over costs was cited as more important than initial savings gained from TEM solution adoption. Enterprises are willing to invest more on a superior solution, and value greater efficiency, control and productivity within their organizations over initial decreases in telecom costs.

    “Enterprises today are challenged with managing an increasingly complex ecosystem of technology assets and services. This is becoming more complex as new technologies like 5G, IoT, and Machine-to-Machine (M2M) learning solutions become widely adopted,” said Bob Irwin, CEO of Tangoe. “Companies need high quality, cost effective solutions to address their technology management challenges and enable them to work smarter. Productivity gains drive business success and global organizations rely on technology expense management solutions to control their technology investments.”

    The survey found 89% of global enterprises have adopted a formal telecom expense management solution. This includes 67% that manage their telecom expenses internally with technology provided by a TEM provider and 21% that formally outsource their telecom expense management to a third party solution provider.  The three most important qualities in a TEM managed services provider, according to respondents, were the quality of services, the quality of technology and the cost of services.

    To attend a Tangoe Roadshow in the city nearest you and get further insight into the full IDC InfoBrief results, register here: https://www2.tangoe.com/tangoe10citytour

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostWhat’s Causing Your Back Pain at Work?
    Next Business PostEMVCo Adds Fourteen New Associates From Across Industries to Accelerate Payment Technology Innovation