Conference call services have always played an important role in the business world for their ability to allow important business communications to occur.
Now, more than ever, as the economic climate worsens, conference calls are key for businesses to help them not only continue to communicate, but also to save on costs.
Because conference calls replace the need to travel to physical locations to collaborate or discuss business matters, companies are able to significantly cut down their travel expenses while also increasing productivity.
In fact, conference calls make it possible for companies to achieve the same objectives as with travelling, but at a fraction of the cost.
Thanks to advancements like videoconferencing, these meeting have been even more appreciated and widespread in the business world, because its now possible to still have face-to-face meetings that once required traveling to a central physical location.
Saving on travel costs is also necessary in the current economic conditions as fuel prices are high and any time lost, translates to money lost for the business as well.
The Travel Industry Association even reported that it is seeing a declining number of air travelers. This news further strengthens the validity of conference call services in the businesses world.
Another study from AMI also found that SMBs will be spending more on conferencing solutions including audio, Web and video conferencing as their employees have become more mobile and dispersed. This increase, according to AMI, will result in $26 billion spent by 2012 - a compound annual growth rate of 5.9 percent from 2006 - when $1.8 billion was spent on conferencing solutions.
In addition to all the money that is saved in plane tickets, hotel rooms and meals, savings can also be achieved on calling and long distance costs with conference call services. And in today's worsening economic conditions, getting more "bang for your buck" is necessary for just about everyone.
Eagle Teleconferencing is one provider who offers a pay-as-you-go pricing, and utility-grid type architecture so businesses can have conference calls and pay only based on their usage. This eliminates financial variances and removes any worry over contracts or scalability. Also, the company's worldwide connection infrastructure has a capacity of over 10 billion minutes and makes it makes it easy, safe and cost effective to collaborate when needed.
For more, be sure to check out the Conference Call channel on TMCnet.
Stefania Viscusi is an assignment editor for TMCnet, covering VoIP, CRM, call center and wireless technologies. To read more of Stefania’s articles, please visit her columnist page.
Edited by Stefania Viscusi