How Audio and Web Conferencing Solutions Facilitate Cost Cutting

Several companies were affected by the bankruptcy of Lehman Brothers in the year 2008-09. This event was quickly followed by low recruitment, retrenchments, freezing salaries and asset dilution. Prominent companies across the world witnessed significant downfall in their profit figures. Several major business firms around the world are still recovering from the after-shocks of recession. In such a scenario, every firm is keeping their costs as low as possible.

In Singapore, uninterrupted and secure flow of information is crucial for collaborating with its geographically dispersed offices. Business travels are not only time consuming but also expensive. However, utilisation of audio and web conferencing can be a step forward for global business firms to attain significant savings. There are several reliable audio conferencing providers in Singapore providing audio and web conferencing solutions.

There are several kinds of expenses that an organisation incurs when it decides to opt for conventional boardroom meetings. Costs that are synonymous with airfares, airport transfers, accommodation, meals and other conference material, need to be entirely borne by the concerned firm. Besides costs, significant amount of time on the part of employees is also consumed while they partake in such activities. Even if the time span of a particular meeting might just be a few hours, the total time required to host it might run into days due to travelling. Furthermore, jet lag and travel stress that are often encountered can deteriorate productivity of employees. Therefore, organisations have now realised that audio and web conferencing solutions can help in reducing operating costs while boosting organisational productivity. Audio and web conferencing enables users to include large number of participants without compromising on projected budget.

Although audio and web conferencing solutions aim to facilitate effective corporate meetings, web conferencing has an edge over the other. The prerequisite for online conference is high speed Internet connectivity and relevant conferencing applications, which can run on laptops, special consoles, Smartphones and tablet PCs. These software are easy to use, quick to install and readily available over Internet.. As soon as the web cam connection is set up, all the participants can access a virtual conference room to share data, applications and files conveniently. As a result, geographically dispersed personnel can work in a professional and productive environment.

Incorporation of audio and web conferencing can be a strategic cost-cutting measure.. Audio and web conferencing solutions ensure high return on investment, which is the reason many small sized and start up Singaporean companies are adopting these for daily inter-office communication. Hardware and software requirements of these solutions are quite minimal, thus reducing overhead charges and enabling Singaporean business firms to save considerable amount of capital.