In the business world today, cloud technology is not only changing IT, but also changing finance. With the COVID-19 pandemic driving a forecasted 90% of business IT to the cloud, how can your organisation benefit financially from moving to the cloud and adopting unified communications as a service (UCaaS)?
81% of organisations are currently using or plan to move to cloud telephony solutions in the next 2 years. 82% of IT decision-makers somewhat agree, agree, or strongly agree that a cloud strategy is essential to remain competitive.
Cloud-based PBX systems offer dramatic advantages over on-premises solutions including:
Now that working from home is here to stay, the focus now must be on optimising the work from home experience to improve cost-effectiveness while equipping workers with modern communications and collaboration capabilities to maximise productivity and revenue generation opportunities.
Nearly three out of four finance leaders surveyed earlier this year by research and advisory organisation Gartner said they plan to move at least 5% of their workforce that had previously operated in an office to a full-time remote schedule. Gartner interviewed 317 finance leaders, including more than 200 CFOs, from companies that ranged between about $500 million and $50 billion in annual revenue, with as many as 100,000 employees.
By enabling remote work in your organisation, you will ensure business continuity. But to keep productivity high, you will need to provide tools to employees to communicate and collaborate securely and efficiently wherever they work. UCaaS meets this need as it provides a single, unified cloud solution that combines message, video and phone – allowing communication through channel of choice. An added benefit of the solution is its ease and flexibility to set up and use.
It is paramount for the organisation to choose the optimal partner and ideal platform. For example, adopting a single-vendor approach results in a 56% lower total cost of ownership (TCO) when compared to a multi-vendor strategy. One vendor also means one bill, making administration cost-efficient.
From a financial perspective, you want to choose the partner that will guarantee the security your organisation needs and who will help you reduce the risk with the highest security and reliability platform. CFOs will have to keep a sharp eye on risk management and stewardship.
One example of such risks is susceptibility to cyber attacks. As companies virtualise their workforce and create more external access points to their systems, they potentially become more vulnerable to cyber risks including data theft, ransomware and other attacks. Vigilance and investment in cybersecurity will continue to increase in importance.
RingCentral has put together a useful calculator to help you understand how much you would save by moving to UCaaS with RingCentral. This analysis will help you understand how RingCentral will lower cost, increase productivity and enable business.
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