Expense Management

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Expense Management

Industry Focused Expenses Management

Streamline your Expense Management Process

We Offer Efficient Visibility to Mitigate your Expenses

Expense Management Overview

The biggest cause of concern for almost every organization today is an ever increasing expense. The top five line item spends include Telecom, Utility and Travel, whereas only a few organizations are aware of their specific product expenditure and suppliers involved. Expense management thus has reached a level where organizations consider it a crucial component to bolster their bottom line growth, improve supplier and customer relationships, and compete in the global market.

AberdeenGroup states that “41% of organizations perceive Expense Management as a function that is just as critical as other internal departments”

Expense management and analysis provide foundation for organizations seeking to make better and more informed decisions, with significant cost and operational benefits.

Technology Expense Management

Overview:

There is no one-size-fits-all solution for businesses as their needs are unique and dynamic. You need a solution that would align with your business, increase client engagement and manage multiple spend categories on a single platform. With our TEM solutions, you gain a competitive advantage while embracing technological visibility.

Our TEM strategies allow your business by working smarter, centralizing and simplifying expenses data, managing legacy systems. This allows your employees to save time, avoid unnecessary labor-intensive processes and reduce costs.

Our Service Includes:

Management of Wireless, Wireline, Orders and Inventory
Invoice Processing, Auditing & Recovery
Benchmarking & Cost Allocation
Negotiation of all contracts & RFPs

Benefits:

Financial Benefits:

Reduction in direct spending
Identify any fraud/billing errors/unauthorized charges

Operational Benefits:

Effective and efficient use of employee time
Streamlined audit, asset management, expense tracking
Reporting and payment processes
Organizational level of Focus on core competencies

Utility Expense Management

Overview:

Do you work with thousands of invoices each month from vendors that increase the load on the accounts payable department, makes it complex, and incurs unexplainable costs? We have the solution!

Streamline utility payables, collect, analyze, track cost and consumption data to achieve faster processing.

With full control over every detail, eliminate time-consuming tasks, identify areas of improvement, and save costs with Utility Expense Management. This provides transparency of working, eradication of billing errors, late fees issues solving, increase in efficiency, which in turn allows you to focus on high-priority tasks.

Our Service Includes:

Invoice Management (Bill Receipt and Payments)
Bill Analysis
Tracking & Benchmarking

Benefits:

Eliminate late utility fees issues.
Streamline bill payment reduces labour costs.
Identify, track, and resolve billing and account issues on-time.
Attain positive long-term results with centralization of utility bill processing.
Get alerted when utility consumption exceeds the mentioned threshold.

Cloud Expense Management

Overview:

Every organization faces the challenge to provide users cloud-based resources that will maximize productivity, keep costs under control and use it effectively. To compound this, our cloud expense management solution can analyze, optimize assets to optimize spend for the cloud technology process.

32% Of IT Budgets Will Be Dedicated to The Cloud By 2021- Forbes

We have you covered with a complete cloud lifecycle management solution that can fix overspending and inefficiency in the system. You can easily allocate costs, identify opportunities to save money & resources even in multi-cloud environments. And that too, with total compliance. With an expert team, get a quick response and maximize the capacity with the right tools.

Our Service Includes:

Benefits:

Control spiraling cloud costs with expert recommendations.
Organize cost framework of cloud usage & spends.
Optimize resources to enable chargeback.
Monitor in real-time to identify anomalies/cost leaks.
Compliant Cloud Expense Management that enables stability.

The Right Team and the Right Tools

Inspiredge hand picks the right team and assists in appropriate customization of required tools, to fit your business and its requirements. When you work with Inspiredge, we provide you

Systematic Tools for operations, evaluation and MIS
Comparison with industry set benchmark standards
Economy of Scale

Our Experience and Expertise

Inspiredge’s Management team has over 11 years of refined expertise in providing TEM services to clients in the US and around the globe. Over the years our resources have served clients from industries like banking & financial, logistics, fast food, IT, etc.

FAQs

1. How can TEM streamline my business process?

Legacy expense solutions are unable to monitor all discrepancies and overcome errors which lead to complexity and increased costs. Outdated systems waste time and resources, which are easily looked after by TEM through automation regardless of huge data.

2. Does TEM help my business save more?

Yes, it does. With automated expense management, redundancies are removed, unused & underused services are highlighted. You can filter it out and use only what you need. The pressure on your employees decreases, so they can focus on high-value tasks.

3. How can I know whether my business needs TEM or not?

When you connect with us, we provide you with information regarding the present expenses you make, and the savings you can achieve with our TEM solutions. You can decide right away what’s the better choice.

4. What kind of businesses benefit from TEM?

Any medium or large-scale business can save from our TEM solutions. Some of them are multinationals, retail chains, hospitals, call centers, manufacturing firms, governments, etc.