Manage Telecom Expenses by Analyzing Vendor
Contracts & Performance

No single TEM capability has greater potential impact on your telecom and IT expenses than the ability to negotiate effectively with providers and source telecom services at the best possible prices. This requires a proactive approach to contract and vendor management.

Veramark Contract Management, part of our overall Telecommunications Expense Management solution, gives you visibility into contract and vendor performance and control over contract negotiation and commitments. It leverages our proprietary VeraSMART technology to help you manage the products and services your organization buys, who you buy them from, and what you pay for them.

Contract Negotiations: How to Secure the Best Possible Rates, Terms, & Conditions What you will learn: • 7 steps of a successful sourcing strategy • Timing your project to gain maximum leverage • 3 key elements of every contract negotiation  • How benchmarking improves overall results • Key terms and conditions

Proprietary Webinar Request Now >

Veramark Telecom Contract Management supports:

• Invoice-to-contract validation – Automates the otherwise tedious process of validating invoices against contracted pricing to help you capture cost savings with significantly less effort. Invoice threshold alerts notify you immediately of invoices charges that do not match contract terms.
• Order-to-contract compliance – Ordering from online catalogs, which reflect contracted pricing, terms, and conditions, enforces order compliance and reduces off-contract spend.
• Contract performance management – VeraSMART Contract Management lets you summarize and analyze contract performance data to proactively manage vendor relationships and contracts—actionable information required for effective negotiations.
  - Contract performance dashboards let you monitor active contracts and highlight those that require attention. 
  - Contract management scorecards provide insight into individual contract performance, commitment tracking, and forecasting.
• Contract renewal tracking – VeraSMART Contract Management alerts you to pending expirations to help you prepare for renewing, negotiating, or terminating contracts.

Part of Veramark's TEM Solution

Sourcing and Contract Management is just one capability of Veramark's telecom expense management solution. Seamless integration with other VeraSMART components helps you leverage your telecom data and streamline TEM business processes to maximize savings, compliance, and control.

For more information about Telecom Contract Management, please contact Veramark at info@veramark.com