NEW YORK, NY, September 30, 2008
/24-7PressRelease/ -- MBG Expense Management, a leading telecom expense management provider for Global 2000 companies, has sponsored the AOTMP research report entitled "Migrating Telecom Expense Management from a Cost Center to a Profit Center." The report details how an organization can convert its telecom expense management (TEM) program into a profit center with a focus on improved executive visibility, centralized expense management and a reduction in process inefficiencies. One key finding in the research is that organizations that utilize electronic data are more likely to be viewed as a profit center inside the organization. In addition, those TEM organizations that are viewed as a profit center are more closely aligned with the finance department and have higher visibility in the enterprise.
"This research demonstrates the impact a TEM program can have on bottom line performance if an organization is adhering to TEM best practices and can convert the majority of its invoices into an electronic format," says Michael Greenspan, chief executive officer of MBG Expense Management. "To further promote TEM as a profit center, MBG works with clients on business justification activities including a proven return on investment (ROI) model that helps the TEM team make its case as a profit center on an ongoing basis to enhance executive support," continues Greenspan.
"A critical part of establishing TEM as a profit center is to run the program as a business," says Joe Basili, Vice President of Research for AOTMP. "This is why it is important to secure executive stewardship for TEM and to track the value contribution with a profit and loss statement for program resources, report on the results in a format that different functional groups can utilize, and establish value for the program that goes beyond securing refunds," continues Basili.
The report is based on a survey and interviews AOTMP conducted through July and August 2008 to gain a better understanding of how TEM programs are positioned in the enterprise. To download the report please visit:
http://www.mbg-inc.com/resources-whitepapers-profit-center.php
About AOTMP
AOTMP, headquartered in Indianapolis, IN, is the foremost authority on telecom environment management. AOTMP drives efficiency in enterprise telecom and IT environments through standards and best practices, certification programs, industry research and intelligence, benchmarking data, performance metrics and advisory services. For more information, please visit
www.aotmp.com.
About MBG Expense Management
MBG Expense Management provides leading outsourced and on-demand telecom and IT expense management solutions to organizations seeking to enhance control over their telecom and IT costs. MBG Expense Management's solutions are focused on giving organizations the ability to manage, monitor, and order all of their telecommunications and IT services through a secure, centralized hub. MBG's core solutions include provisioning, inventory, invoice processing, and IT chargeback, along with extensive professional services that include audit, consulting, and contract negotiations for both landline and wireless communications services.
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