VoIP for Business is emerging as a leading cost savings choice in companies large and small, as VoIP Saves Businesses Money.
Engineering News reports that on average, businesses can save a whopping 30% to 75% by switching to VoIP, and startups that choose VoIP are able to cut startup costs by up to 90%. Unlike a lot of other technology, VoIP specifically is known for its cost-savings benefits. This is more than likely the primary reason for its compound annual growth rate (CAGR) of 7.8% between 2016 – 2024.
Let’s discuss how VoIP saves businesses money:
What Influences VoIP Costs and what makes it save businesses money?
- The number of users in a company: VoIP is often billed according to the number of users.
- The number of open lines at any given time.
- Features needed for the business: VoIP comes with many included features, but vendors usually offer additional add-ons such as music on hold, call recording, call queuing, and so on.
- Length of contract: some VoIP systems are charged per month, annually, and some even offer various contract lengths. If paid annually, there is usually a discount attached.
- Desk phones: the company may be able to use the phones they already have, or simply add a VoIP adapter.
How VoIP Saves Businesses Money
#1: Reduced Cost of Calls
Traditionally, phone operators charged phone calls separately depending on if they were made to the same area code or to numbers in other countries. In the case of VoIP calls, distance calls become so much more affordable.
VoIP calls are a lot more affordable than making calls from a landline because it uses an existing internet connection.
VoIP is billed as a monthly fee, which is why businesses that make a lot of calls, especially long-distance ones, will benefit the most from cost savings. All you need is high-speed internet.
#2: Reduced Resources
VoIP eliminates the need for technical staff who would usually maintain traditional PBX. VoIP services such as YOVU Office Phone, work on the cloud. The supplier maintains and supports the system instead of your company. Costly salary expenses can be saved as a result.
Many tasks such as dedicating staff to answering phones for call routing, can be done using features included with VoIP.
#3: Equipment with VoIP
Hosted cloud VoIP removes the need for an IP PBX kit. All that’s required are handsets and a high-speed internet connection which is an especially helpful cost savings for businesses.
#4: Upgrading with VoIP Saves Businesses Money
With traditional PBX, upgrading is highly expensive, but to upgrade the number of VoIP lines simply means either upgrading internet connectivity, or logging in with user credentials and making your own additions.
#5: Copper Wiring
Copper wiring is often a recurring cost for traditional phone use businesses but VoIP does not require any wires (excluding ethernet connection), so this expense is nearly eliminated.
#6: Setting Up Fees
VoIP has a low setup cost because all it entails is a couple of clicks from the VoIP supplier’s side, rather than having landlines and costly equipment installed.
Next Steps…
VoIP phone systems are much less expensive than traditional phone systems. The cost structure is simple, and usually much lower for most companies.
In order to optimize cost benefits and experience good service, it is critical to choose the right partner; YOVU Office Phone offers businesses a plug-and-play VoIP business phone system, accessible anywhere.
Because it operates in the cloud, cost savings are maximized. Get in touch for a custom quote.
VoIP began as a simple substitute for traditional phone lines. While today VoIP offers such a variety of features. It has the power to significantly streamline business processes. Departments that make extensive use of phone features can use VoIP.
VoIP becomes the number one telephone choice by businesses in North America. It become a popular choice by companies of any size. Really it offers flexibility, higher productivity, and cost-savings. In fact, according to Ideacom, VoIP saves small businesses 90% in start-up costs. In this article, we’ll discuss the benefits of streamlining processes. We will review the 5 most profound ways VoIP impacts workflows.
VoIP began as a simple substitute for traditional phone lines. While today VoIP offers such a variety of features. It has the power to significantly streamline business processes. Departments that make extensive use of phone features can use VoIP.
VoIP becomes the number one telephone choice by businesses in North America. It become a popular choice by companies of any size. Really it offers flexibility, higher productivity, and cost-savings. In fact, according to Ideacom, VoIP saves small businesses 90% in start-up costs. In this article, we’ll discuss the benefits of streamlining processes. We will review the 5 most profound ways VoIP impacts workflows.
