Telecommunications | Paramount Technologies

TELECOMMUNICATIONS

With the birth of devices to harness broadband, consumers and businesses are pushing hard and fast to accelerate and incorporate technological changes, resulting in a dramatic rise in total spending across the converging sectors: communications, entertainment, and technology, creating a burst of innovation.

Billing environments, customer management systems, operational support systems, enterprise resource planning platforms, core communication networks, enterprise IP networks and the technology people themselves, remain at the heart of the communications industry. Technology continues to be one of the most significant areas for capital investment for communications companies, unfortunately, getting the capital investment right and delivering tangible business benefits is also proving to be a major challenge.

Procurement for Telecommunications companies requires a focus on substantial capital investment coupled with adherence to tight governmental regulation. Telecommunications companies need a procurement system for sourcing direct as well as indirect materials. They also need tight control on operating costs to ensure profitability in a regulated environment.

How Employee Workforce Automation Can Help

Paramount’s WorkPlace Suite helps telecommunications companies control purchasing costs while providing power procurement sourcing:

Ability to track requisitions against budgets, receive warnings if over budget and route for approval based on a requisition line item exceeding the budget
Robust approval process that allows routing to an unlimited number of approvers based on criteria such as $ amount, department, GL Account, etc. and allows the items to be fully approved before creating a purchase order
Ability to streamline the acquisition of all types of goods and services, both the direct procurement of raw materials and production goods, and the indirect procurement of maintenance, repair and operating (MRO) supplies as well as capital goods and services
Powerful, easy RFQ capability whereby requisitions can be sent to multiple vendors with an email notification, vendors can complete quotes online, and all quotes can be reviewed and awarded based on defined criteria
Ability to track requisitions against contracts that have been established with vendors and enforce special pricing that has been negotiated with the vendor.
Documented auditable process