Overcoming the High Cost of Business Inefficiencies

conference call

How many times have you heard that joke about surviving a meeting that could have been an email? Probably many. And, the reason people relate to this dark humor is that it is all too true. We live in a world where efficiency is king. And, wasting time is akin to losing money. There are many ways for businesses to become more proficient, saving time and money. From phone system solutions to managed print services, there are options for every business budget.

The Cost of Inefficiency

Beyond frustration, there are real financial consequences to inefficient business practices. A recent report from the European Journal of Work & Organization Psychology states that ineffective meetings cost businesses in the US up to $37 billion a year.

When put into that context, dark humor no longer applies. That is a staggering amount of money wasted on poor planning and ineffective time management. Additional stats report that professionals lose up to 31 hours of productivity monthly, just in unnecessary meetings. While you might not be able to forgo meetings entirely, there are other ways to improve your company’s productivity.

Efficiency Through Technology

One of the best ways to improve the overall effectiveness of meetings is to alter that way we look at, plan, and execute them. Voice over IP or VoIP is a web-based phone system that can help improve your overall business communications, including meetings and conference calls.

Staff running late and trying to juggle too many tasks are some of the reasons why meetings run behind schedule and waste time. VoIP can eliminate the need for everyone to be in the same place at the same time and enable you to run a meeting over the phone.

VoIP video conferencing can help transform your meeting practices and improve: * Cost savings * Efficiency and time savings * Engagement and productivity * Security

Ready to stop wasting time on ineffective meetings? Learn more about VoIP solutions and why they are the superior choice.