What Is Technology Expense Management?

Key takeaways

Start with a complete inventory of services and contracts.

Audit invoices against contracted rates to recover errors.

Build a renewal calendar to protect negotiating leverage.

What to compare

When evaluating technology expense management options, TEG recommends comparing providers on the following criteria rather than monthly price alone:

• Inventory accuracy
• Audit methodology
• Reporting and dashboards
• Integration with accounting
• Savings model and fees
• Ongoing management vs. one-time audit
• Provider relationships
• Data security

Common problems this addresses

• No central inventory of services
• Billing errors and unexplained charges
• Auto-renewals with no review
• Duplicate or unused services
• Unallocated costs across locations

How TEG helps

TEG documents your requirements, identifies qualified providers, normalizes their proposals, and supports your team through selection and implementation. You receive a clear comparison and an advisor who remains accountable after the contract is signed.