March 17, 2020
6 Essential Technology Expense Optimization Features
Most technology expense management (TEM) tools have the same basic features. They digitize technology invoices, parse data from invoices, automate invoice verification and expense allocation, transmit processed invoice data to client accounting systems, and store invoices electronically. What makes Technology Expense Optimization (TEO) different from traditional TEM are six key capabilities; dynamic inventory management, service level invoice auditing, embedded exception resolution tools, automated multi-level invoice allocation, proactive contracts management, and…