What’s the Value of Direct-to-Carrier Payments?

Posted by
Josh Bouk

08 August 2017

Blog

Nobody enjoys filling out forms. In fact, paperwork is so despised we invented the phrase "red tape" all the way back in the 16th century just to help verbalize how irritating it is.

Today we have to deal with far more paper-pushing, and it can seriously drain employee time and resources, eventually impacting the bottom line.

So, if there was a way to cut down on the paperwork needed for employee BYOD reimbursements, that’d be worth hearing about, right?

Happier Employees

How much do employees hate filling in business expense forms? Is it really that big a problem for a business? Well…

A 2015 survey showed that 53% of respondents would rather be doing their taxes, 43% said they’d rather have to spend longer commuting and 53% actually pay for business expenses out of their own pocket just to avoid filling in an expenses form.

Learn how to write a comprehensive but coherent policy for enterprise BYOD:  Download our guide

Most telling is that 84% of the 1,000 employees surveyed said they would think more highly of their employer if the expenses process was better.

So, yes, it really is that big a problem for your business.

Save Time

The same survey also revealed that 78% of respondents believed they would be more productive if the expenses reporting system was easier to use.

It’s hard to argue with that belief when you read a report released by the GBTA Foundation into expense reporting processes from around the globe. It reported that the average time taken to complete just one expense form is 20-minutes.

That’s 20 minutes your employee could be spending making your business money instead.

And it's not just the employee making the claim who's spending their time on that expenses claim, it's also your accountants - who need to process and check an average of 51,000 expense reports every year.

Save Money

And it isn’t just time that businesses waste on spurious expense reporting procedures, it’s money too.

Another recent report revealed that the average cost of processing a single expenses report is around $58 - but the costs don’t stop there. On average 19% of expense reports are submitted with errors included and each of these must be fixed, at an average cost of $52.

So, for every five expenses forms your business processes, you’re paying over $300 just to process them. Which is why Cass Direct2Carrier Payments™ customers have been able to achieve such incredible levels of savings.

Cass Direct2Carrier Payments™

In 2014 Cass was awarded a US patent for our ground-breaking BYOD management solution, Cass Direct2Carrier Payments™, which simplify and streamline BYOD reimbursement instead of tying businesses and employees up in needless red tape.

Unlike most reimbursement which take up valuable employee time, Direct2Carrier Payments™ automatically credit an employee’s carrier account with the agreed reimbursement every month when the bill is due. Simple.

One Fortune 500 insurance provider is saving approximately $1.6 million annually after switching to Direct2Carrier Payments™ payments instead of expense reports.

One of the USA's largest drugstores has seen a 48% increase in employees going mobile, with per-device costs reduced by 41% now they’re supported by Direct2Carrier Payments™.

Michelin managed to transition nearly 4,000 corporate owned devices to personally owned devices while lowering the average per device per month cost of a user by 43%.

More Than Just a Solution, a Trusted Partner

When you decide to use Direct2Carrier Payments™ you aren’t just getting a reimbursement solution that ends at installation, you’re getting the benefit of our best people and years of experience processing over 230,000 invoices, valued at over $140 million, every single day across fixed and mobile telecom networks in over 90 countries.

We know that our Telecom Expense Management services deliver a mix of tangible results, surprising savings and unprecedented support that delights our customers, because we’ve achieved a 99.7% retention rate over the last six years – making us #1 in customer satisfaction!

Download the Cass Enterprise BYOD Policy Guide

Topics: TEM | BYOD

Latest Posts

How TEM Helps Accounts Payable Managers

At enterprise-level, the role of the accounts payable (AP) department is among the most important. Inundated with carrier service invoices, AP is tasked with ensuring all bills are processed, recorded, authorized and settled on-time and without error.

Often, this is a delicate juggling act, and should the ball be dropped, significant financial repercussions can ensue. But, thankfully, many of the difficulties AP departments face can be alleviated via the partnership with a dedicated TEM provider. Here’s a closer look at how TEM can help relieve the billing burden.  

Why Telecom Inventory Management is Vital to Enterprises

Knowledge is power. While the originator of this phrase may be often disputed, it’s one that certainly captures the essence of telecom inventory management. This activity can be defined as the tracking and coordination of physical assets and service agreements to better manage telecoms infrastructure and control costs. And the more you know about what you have and how to manage it, the better you can make the most of it and cut costs.

What to Look for in Managed Mobility Services

Since the emergence of smart devices, mobile working practices have undergone an explosion of activity. While working-on-the-move was considered fantasy just decades ago, the prevalence of wireless internet and devices has given rise to a wealth of flexible working practices, and the mobile maelstrom shows no signs of calming. 

Never miss a post: