Companies nowadays, whether SMEs or huge corporations, heavily rely on technology to stay connected, increase productivity and cut costs. One important innovation that's currently being adopted is video conferencing.

Value of Video Communication and Virtual Services to the Modern Business

The Many Upsides of Video Conferencing

  • Reduced need for travel. Need to meet up with clients? Why not hold a conference meeting via the internet? Modern communication technologies such as VOIPs allow you to conduct transactions with clients from across the globe while you are in your business address in Makati or in any commerce hubs of the country. It saves you from the hassles of booking a flight and making reservations at a ritzy hotel.
  • Higher interdepartmental productivity. Satellite offices are common nowadays in the business sphere. Such areas are equipped with tools for making phone calls, email and instant messages. With a video conferencing facility, participants become more focused on the discussion. Communications between teams go smoothly because of the convenience brought about by video and telecom technologies.
  • Reinforced relations. Live video conferences allow people to see facial expressions and body language, making the conversation more personal. Each session can also be recorded for future use i.e. trainings, quality assurance.
  • Improved work-life balance. Business trips can be fascinating from the start, but it can burn out the travelling employees in the long run. Plus, it may put a strain to their relationships with their families, friends and significant other. With video conferencing, these are minimised. The stress of planning for work-related travel is reduced to the bare minimum.
  • More competitive advantage. Knowledge and ideas are shared faster than ever. Time, as you may know it, is a valuable asset of every business. Video conferencing speeds up communications within the company.

Another innovative strategy used by companies — usually the smaller ones — is the virtual service. This time, some tasks e.g. managerial, administrative are being outsourced to an assistant. Communications and transactions take place through the internet and telephone lines.

The Benefits of Utilising Virtual Services

  • Cut costs from hiring internally. Every business needs a team of professionals, from accountants to lawyers. Employers need to shell out a lump sum for their salaries and benefits. Outsourcing allows businesses to save money by paying only for the services rendered by these professionals. They don't have to spend for their hiring, training and retention as well as for the fringe benefits granted to employees working in-house.
  • Ease of communications. With the use of video conferencing and other telecommunications innovations, there's no need for you to meet-up all the time. These technologies ensure your message is delivered and your words are clear.

Can you just imagine how businesses will survive today's stiff market competition without the help of modern telecommunications and technology? The most obvious consequence would be slow service delivery. Communications lines via the telephone and the internet makes message relay faster and more convenient, thus improving the speed of the entire business operation.

Author Bio

Regus PH is one of the country's leading providers of business solutions and serviced accommodation, including office spaces, shared workspaces and meeting rooms. They also offer virtual offices and video conferencing facilities. Regus PH is currently situated in three major metropolitans: Manila, Makati and Cebu City.