Valicom has been recognized by CIOReview Magazine as the recipient of “Top 20 Telecom Technology Solution Companies - 2018,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Jeff Poirior, President & COO.

Valicom
Redefining Telecom and Technology Expense Management

Jeff Poirior, President & COO

After each billing cycle, every organization is swamped with a heap of telecom and technology expenses and invoices, which need to be approved by top-level managers or approvers in a timely and accurate manner. Though most organizations try to centralize this process, distribution of billers that generate these invoices are spread across the country and sometimes across the world, leading to irregularities and delays in the approval process. “Most of our clients have had problems reviewing invoices in a timely manner. When they come to us, we empower them in such a way that all these invoices are at their fingertips, thereby allowing them to approve the expenses and pay bills with a click of a button,” explains Jeff Poirior, President and COO of Valicom.

With 27 years of experience and expertise in the telecom industry, Valicom tailors its expense management solutions to address unique requirements of the corporate world. It provides a variety of Telecom and Technology Expense Management (TEM) solutions with customized features such as invoice approvals and asset expense management. In addition to its TEM suite, the company offers a centralized database which allows its clients to match, merge, and utilize data stored across different servers and cloud platforms. This proves to be a great advantage for Valicom’s clients, who often lose track of data stored across various servers either in their in-house data centers or on the cloud, which can cause problems when they get rid of any of their servers. With a centralized database, organizations can conveniently access any information resulting in faster decision making.

Valicom’s TEM software— Clearview—serves as a single channel to manage multiple telecom expenses, be it mobile, wire-line, or data. Each expense module is supported by a full-featured suite of functionalities such as inventory management, invoice auditing, bill payments, cost allocation, and reporting. “We have created an invoice approval tool that goes through secured email links and reaches out to approvers across the world, in a timely fashion, and allows them to review and approve invoices at a glance,” adds Poirior.

We have created an invoice approval tool that goes through secured email links and reaches out to approvers across the world, in a timely fashion

Additionally, it facilitates aggregation of data from various sources, thereby delivering an optimized approach to manage multiple expenses. By streamlining the approval of invoices, Valicom’s offerings ease organizational workflows by redirecting information to the appropriate personnel or department within an organization. Valicom’s invoice approval system offers the benefit of allocating approvers by cost, GL codes, department codes, and locations to optimize the process of auditing. Upon approval of invoices, bills get added to the payment queue. If something looks incorrect or inappropriate, the bills are sent back to Valicom to resolve the bill disputes and credit requests.

The company has been a key enabler of expense management in various sectors such as healthcare, manufacturing, consumer goods, utilities and energy, hospitality, transportation, and government. One of its clients in the energy management sector had over 700 wireless devices at their workplace with an annual telecom expenditure of six million dollars. However, due to the lack of aggregation, validating these expenses became a herculean task. Collaborating with Valicom, the energy firm attained a centralized invoice processing system and a bill payment service, saving close to $500,000 annually. In a similar endeavor, Valicom provided a detailed cost allocation solution for one of its clients in the hospitality industry for greater transparency across their wide area network, resulting in a net profit of five million dollars. Numerous such accomplishments have earned Valicom a firm foothold in the TEM landscape.

Valicom

A Pop Quiz to Evaluate Telecom and Technology Expense Management Needs

Wednesday, August 14, 2019

As business owners look to empower IT departments, here is a new way that lets companies determine TEM requirements.

FREMONT, CA: Valicom, the leading provider of TEM solutions has launched an interactive POP Quiz that will help IT departments determine the next step for their telecom and Technology Expense Management (TEM) process. The service provider understands that the requirements of client companies vary depending on factors like size, stage, and infrastructure. The quiz, with key questions to evaluate the exact needs of individual companies, improves the chances of finding the best-fit solutions that can optimize the technology environment.

THE STRATEGIC ADVANTAGE OF ACQUIRING A TECHNOLOGY EXPENSE MANAGEMENT COMPANY IN 2024

Wednesday, October 18, 2023

Valicom As we approach the year 2024, businesses find themselves operating within an ever-changing technological landscape. With continuous innovations and the standard practice of integrating various platforms and tools, managing technology expenses has become increasingly complex. To address this challenge, Technology Expense Management (TEM) companies have emerged, offering specialized solutions to help navigate this intricate terrain. For forward-thinking enterprises, partnering with a TEM company can offer substantial advantages.

1. Enhanced Efficiency and Streamlined Operations: A TEM company provides specialized tools and methodologies to monitor, analyze, and manage technology-related expenditures. By collaborating with a TEM company, businesses can seamlessly incorporate these tools into their operations. The result is a reduction in redundancies, optimized technology contracts, and a more streamlined technology procurement process.

2. Financial Transparency and Cost Savings: A fundamental role of TEM is to provide a transparent view of all technology-related expenses. This transparency ensures that businesses only pay for the services they actually use, eliminating wasteful spending. Additionally, a TEM company can identify negotiation points in vendor contracts, leading to significant cost savings.

3. Future-Proofing the Business: The technological landscape is in a constant state of flux. By 2024, emerging technologies like 5G, AI, and IoT will play a more prominent role in business operations. A TEM company stays updated on these trends, ensuring that businesses adopt proactive tech strategies, rather than merely reacting to changes. This foresight is instrumental in ensuring longevity and maintaining a competitive edge in the marketplace.

4. Data-Driven Decision-Making: TEM companies offer more than just expense management; they provide robust data analytics. By partnering with a TEM company, businesses gain access to these analytical tools, which can transform raw data into actionable insights. This enhanced decision-making capability can influence not only technology strategies but also broader business directions.

5. Simplifying Compliance and Reducing Risk: In an era of stricter data privacy laws and industry-specific regulations, compliance is non-negotiable. A compliance misstep can lead to substantial fines and harm a company's reputation. TEM companies are equipped with tools to ensure that technology purchases and deployments adhere to current regulations, significantly reducing associated risks.

6. Offering Competitive Services: For businesses serving other enterprises, acquiring a TEM company can be a game-changer. It enables them to provide tech expense management as a value-added service, setting them apart from competitors.

In conclusion, as we gear up for 2024, the technological landscape presents both opportunities and challenges. By partnering with a Technology Expense Management company, businesses aren't merely procuring a service but investing in a strategic partner capable of guiding them through the intricate tech landscape with clarity and confidence. The benefits—cost savings, enhanced decision-making, risk reduction, and future-proofing—make this an investment worth considering for long-term success.

Top 20 Telecom Technology Solution Companies - 2018

Company
Valicom

Management
Jeff Poirior, President & COO

Description
Provides telecom and technology expense management solutions and services

Valicom Redefining Telecom and Technology Expense Management