Why Video Conferencing Should Be Your CFO’s Best Friend

Your Business’ Future Today

There is no need to wait for the future. The technology you need to reduce costs and increase efficiencies for every part of your organisation is available now.

Part 1- Why Video Conferencing Should Be Your CFO’s Best FriendWhitepaper Thnail

the top five ways video conferencing cuts costs

In the battle to reduce costs without denting profits, it has become more important than ever to embrace the latest technology. Video conferencing is one example of how IT can both reduce costs and give your company a competitive edge.

Below are five reasons why video conferencing will make your CFO smile.

1. spend less on travel

Using video conferencing, multiparty conferences can be conducted in high definition with crystal clear audio and content sharing, giving the same benefits as face-to face meetings but without having to dip into the company wallet.  Watch your travel expenses plummet when employees have the option to meet virtually instead of constantly having to travel. Whether it is a trip across the city, an interstate jaunt or an overseas journey, less travel means less time and money spent.

2. increase staff productivity

With video conferencing, the time employees would have spent travelling can be put to better use –improving customer service or creating additional sales.  Using video conferencing, employees can conduct video conferences including key people at the drop of a hat to work on projects or solve issues. But, easy interaction amongst employees isn’t the only benefit; the quality of those interactions is also higher. And when used in conjunction with collaboration tools like Microsoft Lync, staff can work together despite being at separate locations, leading to further productivity increases.

3. increase staff morale

Video conferencing reduces the need for staff to face the chore of travel. Nobody looks forward to a 12-hour flight, and that’s without considering the other inevitable hassles that come with travel, like the delays and being separated from your family.  It also makes it easier for employees to communicate and collaborate amongst themselves. The ability to hold spontaneous virtual meetings (as opposed to a telephone call) allows employees at different locations to build rapport and actually makes them more likely to communicate. This nurtures camaraderie and makes staff feel like they’re part of a team.  Happier staff are more efficient staff.

4. reduce need for satellite offices

Video conferencing allows your staff to work from your headquarters with clients on the opposite side of the world. Alternatively, it allows them to telecommute without the need for a remote office.  Video conferencing allows you to establish a virtual presence in far flung locations, meaning you can do without the bricks and mortar cost usually associated with doing business further afield.

5. protect the environment

Climate change is a major issue – especially in Australia. With the launch of the Carbon Tax, organisations nationwide are being encouraged to choose greener solutions. Video conferencing can be a way of doing your bit for the environment whilst helping your bottom line.

Tune in for Part 2

The Missing "Lync" in Your Sales Cycle- the top five benefits of Microsoft Lync for your sales team