In last week’s Future of IoT series, we learned about the impact of cloud space and how ExpenseLogic can provide the tools you need to track your expenses. This week’s focus is wireless expense management and its relationship with IoT.

The first thing that comes to mind when you hear IoT is your wireless devices. However, there are many things that can be categorized as IoT, including shopping for Groceries! All you need is an object or transaction to possess a unique identifier and exchange this data over a network. Take Amazon’s new grocery store concept for example. You don’t have to wait in line to purchase items because once you grab something off the shelf, it automatically sends data to your Amazon account instead of swiping and paying at the register. This type of convenience is transforming the way we shop and track our expenses.

Wearable devices are also becoming indispensable in the corporate world. While enterprises get billed for their employee’s usage on these wearable’s, there are other costs to be concerned with including health monitors and other non-business related usages which can increase on a monthly basis. Gartner states “more enterprises will start using wearable’s to enhance employees’ performance, especially for those who work in the field.”  For example, field technicians will able to communicate how to solve a problem faster in real time using smart glasses, which optimizes time and lessens travel expenses.

IoT deployments for Corporations and Small Businesses will be the next phase of increased efficiency and cost-savings for Enterprises. Managing the wireless expenses may quickly become a burden for your accounting and IT/Telecom staff. However, our SaaS, ExpenseLogic will equip you with the tools needed to see all of your expense in one User Friendly Portal.

How can you reduce the workload of your staff and minimize your expense simultaneously?

This can be achieved through RadiusPoint. We will manage your wireless devices and create an effective plan that will enforce corporate wireless policy, control usage and reduce your cost.

RadiusPoint can Inventory each device whether it is phone, tablet, wearable or computer device specific to each employee and location to easily display its data and usage in our robust software, ExpenseLogic.TM Using ExpenseLogic‘s powerful reporting analytics to break down all charges, we will analyze your data, compare your usage, and make sure that you are not overpaying for any unused minutes, unused wireless devices, data cards, or lines. Our software provides your business with accurate data visibility, to controls costs, improve efficiency, and reduce waste. Giving you access to detailed analytics to improve corporate planning, decision making, and budgeting.

To learn more about our services and how RadiusPoint can save you time and money, please visit our website or contact us today!

Stay tuned for more news about IoT applications and their impact on companies in next week’s “Internet of things” series.