Business executives are often faced with a variety of challenges in their daily roles, including growing revenues, improving internal operations, and driving intelligence into the inner-workings of their enterprises. On the spend management side of the average company, specific areas sometimes warrant more focus and rigor than others…particularly when budgets are top-of-mind. For example, the growing (and evolving) non-employee workforce will comprise nearly 50% of the world’s total workforce in just a few years, forcing many an executive to reevaluate existing processes and programs for managing this intricate arena.

In regards to expenses, too many organizations take a simple stance: if it’s not causing visible or destructive issues, expense management should be relegated to the back office. However, these same enterprises often forget that, in today’s consistently-evolving business world, it truly does pay to allocate resources and energy to forgotten areas as a means of driving more strategic value.

by Christopher Dwyer

Read The Full Article » Why Telecom Expense Management (TEM) Remains a Critical Area for Today’s Enterprises