Technology Expense Management
The Technology Expense Management (TEM) solution from Veroxos allows enterprises to manage all their mobile, cloud and telecommunications services in one place.
Single Platform
Simplify your processes with a single platform to view and manage your global telecom and technology spend.
Seamless Integration
Veroxos integrates with any HR, accounts payable, or help desk proprietary systems. It tracks and manages fully integrated data from multiple sources.
Automatic Allocation
Veroxos accurately splits costs into the correct fiscal month/ year whilst placing them into the correct cost center and GL codes.
Invoice Validation
Veroxos provides full invoice validation – checking every cost against the vendor contract.
Key Benefits
Automatic Accuracy
Enhanced billing accuracy through automated invoice processing and audits to detect billing anomalies early in the cycle.
Improved Compliance
Improved compliance and business continuity through efficient management of contract requirements.
Efficiency
Automatic tracking of unused/ under-used services and licenses from usage data.
Total Transparency
Veroxos offers superior control and visibility into telecom and technology related expenses across your enterprise. It provides global visibility into your organisation to understand every cost’s source, type, and location.
Cost Savings
Veroxos locates, manages and corrects inefficiencies on an ongoing basis to enable continuous optimization. Savings in excess of 10% are common, even if the organization already has a TEM solution.
Our clients
Driving technology for leading brands
Most telecom and cloud services now operate under a usage based charging model. Services such as Office 365, Salesforce, Azure, AWS and Google all charge on a monthly basis.
The complexity, risk of cancelling an operational service, and the size of invoices, means that many organizations simply pay each invoice without validation. However, this is a risky move.
On average, 30% of of vendor bills are inaccurate so most companies are heavily overpaying by operating like this.
The Technology Expense Management (TEM) solution from Veroxos allows enterprises to manage all their mobile, cloud and telecommunications services in one place.
This enables our users to proactively reduce expenses, introduce new efficiencies, increase visibility and provide better control for their services.