VoIP, the shortened form of Voice over Internet Protocol, can be considered the latest and greatest in telecommunication, a far superior solution to traditional landlines. Some businesses have embraced this technology with open arms, whereas others still cling to their landlines as their lives depend on it. At the end of the day, relying on your landline when a VoIP solution exists is no different from throwing money away.
The numbers reported below are pulled from a guide put together by Harbor Networks. They show just how much the average small business can save by something as simple as a shift in telecommunications to a VoIP solution.
The Capital Savings Are No Joke
The first savings you might notice from VoIP are from the costs associated with traditional telephone communications. A report by Telzio states that businesses save up to 50% on monthly communication costs by switching to a VoIP service. It must also be noted that this 50% was separate from the additional cost savings that come from hosted VoIP’s lack of maintenance costs, which further drives the solution’s value. As if that weren’t enough, startup costs for hosted VoIP are low or nonexistent. Additional VoIP cost savings come from those cut from teleconferencing (30%) and local calls (40%).
Enhanced Productivity Leads to Additional Cost Savings
Even before the COVID-19 pandemic forced businesses to adopt a more flexible stance on remote work, this trend was increasing long before. Businesses have been adopting VoIP for a while now to accommodate the increasing requests for remote work, and businesses that did saw a significant increase in productivity. Productivity then transforms into savings. Just imagine what your staff could achieve with a 20% boost to their productivity and an average savings of 40 minutes per workday. It can add up quickly!
Hosting Alleviates the Challenges of a VoIP Solution
One of the biggest challenges that come from a solution like VoIP is figuring out who will manage and maintain it. This is especially pertinent for small businesses that have limited resources at their disposal, particularly for IT. If your small business is already struggling to get by and has a limited budget, hosted VoIP offers significant savings that makes managing a VoIP system as easy as can be but much more affordable as a whole.
If you don’t have someone on-premises to manage your VoIP solution, a managed service provider can help to address this shortcoming. We can host your VoIP solution for you and manage and maintain it so that you can focus on making use of it. Only 14% of businesses without full-time IT staff have issues with VoIP, and we think it’s largely because of the existence of MSPs like 4 Corner IT that this number is as low as it is. We strive to make our services as accessible to small businesses as possible, especially those that do not have in-house IT resources.
The longer you wait to implement a solution like VoIP, the more savings you are missing out on. To get started today, reach out to 4 Corner IT at (954) 474-2204.