How IT Tools Can Avoid BYOD Overpayments

 
 
By Dennis McCafferty  |  Posted 09-20-2016 Email
 
 
 
 
 
 
 
 
 
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    How IT Tools Can Avoid BYOD Overpayments
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    How IT Tools Can Avoid BYOD Overpayments

    To avoid overspending on BYOD reimbursements, split-billing solutions can automate the process of separating personal data usage from business data usage.
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    Self-Supplied
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    Self-Supplied

    36% of survey respondents said at least half of their company's employees use their personal smartphones for work purposes, i.e., bring your own device (BYOD), and 77% said they expect this activity to increase over the next six to 12 months.
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    Off-Site
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    Off-Site

    68% said their employees spend at least four hours per week working on devices outside the office.
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    Critical Function
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    Critical Function

    87% said their organization is dependent—at least to some extent—on their employees' ability to access mobile business apps from personal devices, and 43% said their company is "highly" dependent upon this.
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    App Nation
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    App Nation

    59% said their employees use at least four mobile apps daily, with 11% indicating that their work team members use more than 10 apps in a day.
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    Company Line
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    Company Line

    59% said their organization has a formal BYOD policy in place, and 22% plan to develop one in the next year.
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    BYOD Policy Drivers
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    BYOD Policy Drivers

    Protecting secure information and reducing future risk: 44% Boosting productivity: 43%, Saving money: 38%, Conforming with legal requirements about reimbursing employees for mobile usage: 31%, Better understanding how smartphones and apps are used within the company: 29%
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    Expense Reporting
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    Expense Reporting

    69% of respondents at companies with a formal BYOD plan said their organization reimburses employees for work-related device usage costs.
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    Gray Area
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    Gray Area

    26% said it is challenging to differentiate between personal and business usage of BYOD devices.
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    Unfamiliar Concept
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    Unfamiliar Concept

    41% have never heard of "split billing" solutions, which automate the process of separating personal data usage from business data usage to calculate reimbursement amounts.
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    Accounting System
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    Accounting System

    47% said their company depends upon a stipend system to reimburse employees for BYOD, and 29% requires these staffers to manually calculate their usage each month by identifying work-related charges on their personal mobile bill.
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    Monthly Charge
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    Monthly Charge

    Half said their company pays more than $50 a month per employee for BYOD-usage reimbursement.
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    Fuzzy Math

    Less than one-quarter claims their organization accurately calculates BYOD-related reimbursements, and 45% said they overspend at least $100 a year per employee.
 

With bring-your-own-device (BYOD) adoption expected to increase significantly over the next six to 12 months, organizations are struggling to accurately distinguish between their employees' personal usage expenses on their devices and business-related costs, according to a recent survey from Syntonic. The resulting report reveals that companies are overspending on average more than $285 per employee every year for BYOD-related reimbursements. An accurate system is needed, as most survey respondents said their employees spend at least four hours a week working on devices outside the office. In fact, the vast majority indicate that their organization's success depends upon their work teams' ability to access mobile business apps on personal devices. To avoid overspending on reimbursements, CIOs should consider investing in "split billing" solutions, which automate the process of separating personal data usage from business data usage to calculate reimbursement amounts. However, many organizations are unfamiliar with this concept, and most reimburse employees either through a stipend system or through cumbersome, manual calculations every month. More than 400 CIOs, CEOs and CFOs took part in the research, which was conducted by Information Solutions Group.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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