VoIP isn’t a new service. It has increased in popularity over the past few years as high-speed internet availability has grown. For businesses looking for expanded flexibility and more features, it is the go-to Business Phone service. However, the first question most businesses have when looking to adopt VoIP is if it can actually save you money.
For companies currently relying on traditional landline systems, the answer is yes. Traditional systems that depend on physical landlines can’t provide the best rates on local or long-distance calls. VoIP, on the other hand, sends your communications as data packets through the internet. This not only lowers your monthly phone bill but reduces your hardware costs. The real question isn’t if VoIP can save you money, but how much money can it save you.
How Much VoIP Can Save You?
In short, it can save you a lot. Your current situation will determine how much VoIP can cut your costs. For example, if you are starting a new business or opening a new location, VoIP can lower your startup costs by as much as 90%. Even if you are looking to ditch your traditional system and trade it in for VoIP, you can still save quite a bit. Here’s how:
Lower Upfront Hardware Costs
If you are transitioning away from a Traditional System, you understand the staggering cost of on-premise hardware. You have to maintain wires, switches, and splitters. You have to dedicate an entire closet to your actual phone equipment. The infrastructure costs add up quickly. VoIP, on the other hand, is hosted in the cloud. It doesn’t require wiring, lines, or phone equipment. With VoIP, you only need the desk phones that your employees use.
Scalability & Updates
If you wanted to make changes to your traditional phone system (like adding new lines for example), it was not only time-extensive, but also expensive. It required setting up an IT appointment, purchasing new equipment, etc. The costs added up fast. With VoIP, not only does it not require new hardware, but it can also be done remotely. This is much less expensive than having someone physically come on-site.
On a similar note, maintaining a VoIP system is much easier than a traditional system. As mentioned above, much of the work can be performed remotely. This is not only true for making changes but also for routine updates. Regardless of what you need done, it can often get accomplished remotely. Furthermore, your provider handles much of the routine maintenance. With traditional systems, you were often responsible for the work.