Telecom Expense Management (TEM) solutions are crucial for businesses to control IT costs and optimize telecom services. In this article, we'll compare Sakon and Genuity to see which one is the best TEM solution for your needs.
A Quick Overview of Sakon vs Genuity
What is Sakon?
Sakon provides a cloud-based platform designed to help enterprises understand, manage, and evolve their communication ecosystems. Their technology framework empowers global enterprises to manage telecom and device portfolios, simplifying the way people connect to each other and the world.
One unique feature of Sakon's TEM solution is its ability to automate cost validation and deep cost optimization. Additionally, it simplifies expense management across the entire organization, which can be particularly beneficial for IT, Finance, and Procurement departments looking to manage and reduce connectivity spending.
What is Genuity?
Genuity provides a suite of IT solutions designed to help businesses manage, monitor, and measure their technology investments. Their offerings include telecom expense management, SaaS/vendor management, asset management, IT help desk, contract management, and network monitoring.
Genuity's TEM solution offers detailed tracking of telecom expenses by location, service type, and feature, providing clarity and visibility. A unique feature is its community-driven pricing for price optimization, allowing businesses to benchmark their rates against thousands of other users to ensure competitive pricing.
Features of Sakon vs Genuity
Similarities
Both Sakon and Genuity offer robust telecom expense management solutions designed to streamline and optimize telecom services for businesses. Here are the key similarities in their features:
- Expense Management: Both platforms provide tools to manage and reduce telecom expenses effectively.
- Cost Optimization: They offer automated cost validation and optimization to ensure businesses get the best rates.
- Automation: Automation of telecom workflows is a core feature, enhancing efficiency and accuracy.
- Visibility and Insights: Both solutions offer detailed tracking and actionable insights into telecom expenses.
- Integration: They integrate various IT management tools and services, providing a comprehensive view of technology infrastructure.
Differences
While Sakon and Genuity share many similarities in their telecom expense management solutions, there are some key differences in their features and functionalities:
- Platform Focus: Sakon is specifically designed to manage and evolve the communication ecosystem, while Genuity offers a broader suite of IT management tools, including SaaS/vendor management, asset management, and network monitoring.
- Community-Driven Pricing: Genuity leverages community data for price optimization, allowing businesses to benchmark their rates against thousands of other users. Sakon does not emphasize this feature.
- Automation: Both platforms automate telecom management workflows, but Genuity also automates data imports and cost allocations for enhanced accuracy in cost management.
- Integration Capabilities: Genuity integrates telecom, SaaS, vendors, services, and contracts into a single platform for comprehensive cost analysis. Sakon focuses more on telecom and device management with specific tools like SakonMobile for ServiceNow.
- Unique Tools: Sakon offers specialized tools such as Telecom Service Management (TSM) and Telecom Management for Network Providers, which are not highlighted in Genuity's offerings.
Sakon vs Genuity Pricing
Information about Sakon's pricing structure or model is not public. In comparison, Genuity offers a subscription-based pricing model with various plans, including a Community Plan at $29.99/month with Genuity Solution, and a Pay Yearly Plan at $99.99/month, offering a 20% savings.
How Does Lightyear Compare to Sakon and Genuity?
Lightyear offers enterprise telecom management software designed to automate the telecom lifecycle, focusing on procurement, inventory management, and bill payment. By leveraging data-driven software, you can achieve significant time and cost savings while ensuring optimal telecom service management.
Pros of Lightyear
Lightyear offers a comprehensive telecom management solution that stands out for its unique features and user-centric approach.
- Automated Procurement: Lightyear automates the procurement process, leveraging proprietary data to deliver competitive and reasonable quotes quickly.
- Comprehensive Inventory Management: The platform provides complete visibility into telecom inventory and expiration dates, making it easy to manage and track assets.
- Dedicated Project Management: Lightyear assigns dedicated project managers to ensure smooth and efficient project life-cycle management.
- Self-Service Portal: Users can easily request quotes through a self-service portal, simplifying the process of sourcing telecom services.
- Side-by-Side Quote Comparison: Lightyear allows for side-by-side comparison of carrier quotes, ensuring you get the best deals available.
Lightyear's Pricing
Lightyear offers custom pricing based on your specific telecom needs, leveraging network and pricing intelligence to deliver the best possible options with minimal effort. Book a demo with Lightyear to see how we can optimize your telecom management.
Lightyear Reviews
Our users have given Lightyear an outstanding overall rating of 5 out of 5. They appreciate the efficiency and ease of use that our platform provides, particularly in automating procurement and managing telecom services.
- "What a change of pace! Their web portal, inventory management, makes it easy for my team and me to get several quotes simultaneously and centralize them instead of dealing with emails and several different vendor meetings." - Luis G.
- "A Rare Gem in the ISP Experience. Lightyear is fantastic at getting us competitive, reasonable quotes on time every time we use them." - Eric L.
- "Lightyear is a lifesaver. Lightyear has been able to meet all the deadlines we need, even on short notice. The personal attention you receive from who you work with really helps to make your business feel supported." - Skye V.
Find more of our reviews on G2.
Sakon, Genuity, or Lightyear: Which is the best platform for you?
Choosing the right telecom expense management solution depends on your specific needs and preferences. While Sakon and Genuity offer robust features and capabilities, Lightyear stands out for its comprehensive automation and data-driven approach. We believe that Lightyear's unique features and user-centric design make it an excellent choice for optimizing your telecom management. Ultimately, any of these platforms would be a good choice, but we recommend giving Lightyear a try.
