RoI (Return on Investment) – The Bottom Line

RoI for videoconferencing is typically very short – the shortest we have seen is where it has a pay back of one meeting! This is not really that surprising when you consider the full cost of attending an international meeting, and historically this is where typical RoI calculations have been quantified:

• Travel costs - especially flights
• Overnight expenses - for hotels and meals 
• Time costs – a typical one hour meeting that means flying the atlantic takes out 3 days

BUT
The real value to a business is getting the most from its employees
Our people are our single biggest asset       

• Wasted Time – Travel is part of this, but also
• How long does it take to book a meeting – even with people from 3 sites around the UK it’s a week away
• How much time is spent in a car – queues, parking

Improve your business
Time To Market – competing in time
Improve communications - home workers, customers, partners and suppliers
New ways of working - home workers, working from partner/client sites
New ways to deliver you competitive advantage – the expert on call, legal, financial etc.
Improve recruiting – get face to face access to wider base of candidates
Access new markets – new geographical markets or better service
Win more business - by being smarter, being closer than you could before.

Reduce Costs:
Reduce travel expenses – air, rail, mileage
Reduce travel costs – hotels, meals, car parking
Increased Productivity - more cost-effective use employee time

Softer Benefits:
            Impact on the environment – reduce carbon emissions, videoconferencing is green
Improve work/life balance and higher employee retention
Raise employee satisfaction from faster decision making