History and Growth of the Telecom Expense Management Industry

The Telecom Expense Management Industry wasconsistent growth.
virtually nonexistent until the early 1980s due to theAnother reason for the recent growth of the
presence of the monopoly of the AmericanTelecom Expense Management industry has been the
Telephone & Telegraph Company, which meant thatadvent of cellular phones as well as the internet.
everybody had to use the only availablePreviously telecom expenses were only limited to
telecommunications carrier and the only way tophone calls, but now data usage as well as cellular
reduce expenditure on telecom bills was to reduceusage charges have come into play and companies
usage. However during the late 1990s competitionhave to spend large sums on these services as well.
between telecom service providers in USA hadTherefore the management of expenses on all of
increased to the extent that most of them hadthese services has become too difficult for several
started creating several different business packagescompanies to carry it out themselves and many have
to suit individual companies. Along with this came thefound it cheaper to outsource Telecom Expense
rise in the number of companies who providedManagement to specialist companies instead of hiring
telecommunication services and this led to a largeits own people to do the job. This means that
number of options available to businesses and moreTelecom Expense Management firms today do not
flexibility in choosing service providers. While someneed just the basic knowledge about which company
companies chose to continue the same telecom plancharges the least for phone calls but now they must
with the company they were previously dealing with,also know about the cheapest internet service
several setups started researching ways to reduceproviders and cellular phone companies.
their expenses on telecommunication and its relatedAlthough the Telecom Expense Management industry
services.started and has currently made the most progress in
As there were initially no dedicated setups to helpthe United States, several other countries have
companies with any form of Telecommunicationsstarted using the method recently. These companies
Expense Management, companies had to give theirhave mostly always found out about TEM through
own employees the task of negotiating newthe internet and thus a demand has been created for
contracts and/or finding alternative companies whoit in several countries. The Telecommunications
had lower rates. The employees, mostly unskilled forExpense Management industry now has an increasing
these types of jobs, usually brought only marginalpresence in several Asian, European and African
reductions in the expenditure on telecom companies.countries. Among these, India and The Philippines
The opportunity of creating companies specializing inhave statistically seen the largest growth as these
Telecom Expense Management was seen at this timetwo countries are the main receivers of outsourced
by a few people who created small setups andcall center work from developed countries. This
started gaining experience in TEM. It was not untilmeans that a large number of corporations set up
1997 that a couple of high profile companies emergedtheir call centers there and these call centers have to
which had their main specialization in Telecomfind the cheapest possible rates from service
Expense Management. After this point the Telecomproviders so that they may maximize their profits.
Expense Management industry has shown an almost