MobilSense Technologies has recently introduced another revolutionary way for midsize companies to know if they are unintentionally overspending on their mobile expenses. We took all the best features of MobilSentryDIY™, which needs three months of mobile invoices and we scaled it down, requiring only three key pieces of information. Once the information has been entered, our free, browser-based, self-administered tool, MobilAlertDIY™ calculates how far off your organization may be from its ideal cost per device (optimal monthly per device cost) for average mobile spending. When you know your ideal cost and where your average cost is in comparison, you are halfway there.
With our vast experience in the mobile expense management space, we find most companies are overspending and why we elected to develop a tool to help companies evaluate for themselves if there are cost issues or potential expense management inefficiencies. According to Forrester Research, 22% of IT budgets are spent on telecommunications. Mobile device costs are a growing portion of the telecommunications budget and are decidedly the most difficult line item to address and why it’s now more important than ever to uncover potential overspending.
Typically, companies will only focus on the possibility of mobile expense inefficiencies when there is an unexpected jump in their invoice. Once the analysis is complete and the root problem is identified and calibrated, they go back to business as usual not realizing overspending begins again on their next month’s invoice. Within minutes, MobilAlertDIY™ will tell if you are overspending on your mobile costs and since most companies are, why wouldn’t you want to know how much your company is overpaying. The answer is of course you want to know how much you’re overpaying so you can fix it and use the money you save toward growing your business, or investing in employee based programs that enrich your company culture.
MobilAlertDIY™ is the tool midsize companies need to keep their mobile expense in check. It’s simple, it’s fast, it’s self-service, and it is free. I highly recommend that you give it a try!
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There is no better proof of concept than a customer’s success. Fortunately for MobilSense we have had the good fortune to not only partner with but facilitate great success for our customers. While expense management is certainly a focus for most companies, we have found mobile expense management typically isn’t treated with the same sense of importance. Why? Companies typically pick over-inflated rate plans to prevent overage and if they don’t see spikes in their usage they assume everything is okay. In other words, if the budget is consistent companies think everything must be fine with their mobile spending. The problem with that concept is it couldn’t be further from the truth. In fact, out of the all the companies we support, every one of them found substantial savings not only from mismanaged plans but from a long list of other cost details that were percolating below the radar.
What’s that old Huey Long program? Share the Wealth? By reading how our customers obtained success through mobile cost management, my hope is others will identify with their pain points and take advantage of the tremendous cost savings and process efficiency mobile expense management software solutions like ours offers. Sharing the wealth!
Following is a list of processes MobilSentry™ offers that equate to cost savings for our customers:
Carrier Cost Optimization/Cost Adjustments – Maximum monthly cost optimization via algorithms resulting in lowest available carrier cost alternative.
Device and Expense Audit Controls – Monthly automated audits to spot cost anomalies.
Inventory Management – Maintain corporate employee attributes in sync with enterprise authority systems.
Order Management – Carrier agnostic online ordering portal that can be configured to be central, distributed or self-service resulting in distributed ordering while lowering the overall cost of provisioning.
Invoice Consolidation – Simplifies invoice management and payment processes by consolidating multiple carrier invoices.
Invoice Processing – Three tier process that includes invoice loading of electronic carrier invoices; invoice validation with automated bi-directional reconciliation of key elements; invoice approval based on governing payment thresholds.
Cost Allocation – Vastly simplifies wireless expense by identifying, aggregating and assigning costs with new levels of accuracy.
Bill Payment Processing – Facilitate payment to your wireless carriers.
Dispute Resolution – Records are validated and inaccuracies are flagged then disputed with carriers for respective credits.
MDM Data Sharing – Support any needed collaboration and synchronization with your chosen MDM solution creating the best of both worlds for your Enterprise Mobility Management efforts.
Have you seen it? The one that states ‘Data Plans Aren’t One Size Fits All’? My first thought was: ‘Nice! A powerhouse like Verizon is highlighting a service that is one of the most unpredictable, management challenging concepts in the industry.’ To be honest, I didn’t catch the rest of the message so I’m not sure what the end result was but I can tell you from experience, when not managed correctly, data plans represent one of the largest consumers of wasted money for companies with corporate liable devices.
At the risk of stating the obvious, the most challenging aspects of data plan management is usage. Why? Typically, consumers and companies choose over-inflated plans to avoid overage. If you have been on the receiving end of going over, then you know why someone would choose a bigger plan than needed; going over on a data plan can be expensive in a frightening way. It’s why companies tend to err on the side of buying bigger to avoid overages. For them, bigger means more data which means less money over time. However, this ideology couldn’t be further from the truth. When data plans are not managed properly, it can cost companies upwards of 20 to 35% more when data usage doesn’t match the data plans. This statistic includes plans that are underutilized.
Another issue where companies overlook is management oversight. By not inspecting usage monthly companies are, in a sense, throwing caution to the wind and counting on luck that the plans they chose are performing optimally. Click here to learn more about the complexities of wireless invoices. Data consumption is at an all-time high with no end in sight of slowing. Even if a size fits now, it is guaranteed to not always fit and why it is more important than ever to be vigilant by inspecting the data usage of employees monthly. Another thing most employers don’t consider is the amount of off hour data usage that is consumed. Video streaming, Skype, gaming; it all adds up and if you don’t have eyes on the game you’re going to miss the pass.
Mobile Expense Management is designed to provide the keenest oversight and optimal invoice optimization. Add a little-known industry secret called pool adjusting and your company will be positioned to not only stay within budget, but save anywhere from 10 to 35 percent on mobility cost. Click here to read about a MobilSense client who did just that.