Smartphones are more important than ever in the modern workplace. Like a computer that fits in your back pocket, the latest mobile phones help employees to stay connected and productive from virtually anywhere. But who pays for this valuable business tool? According to a recent Aberdeen survey, 30% of employees now have a smartphone that is just used for work. However, it’s not an expense that fits into every growing organization’s budget.

As a cost-cutting measure, many companies have turned to bring-your-own-device (BYOD) policies that allow employees to use their own personal devices for work. The idea is that businesses can save on hardware expenses, while employees get to use a device that they’re already familiar with. Employers often provide a monthly stipend to reimburse employees on their smartphone costs.

This white paper explores how a smartphone subscription service can help streamline the way your business provides employee smartphones—and keeps them up to date. We’ll look at the unexpected costs of BYOD programs, the value in managed smartphone services, and how Verizon Business Complete provides an all-in-one 5G smartphone solution, with simple monthly pricing.