How to Justify Video Conferencing - A new ROI Calculator

A Go Green Assessment Using the a Videoconferencing Carbon, Time, and Cost Savings Calculator.
Change
in your business operations often needs a well thought out business case and presentation. Here are some ideas that can help you present and document the benefits of video conferencing.

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The Message: Video conferencing is one of the fastest, cheapest and most effective way to build those vital business relationships . . . and to cut the hassles and costs of business travel.

Here are important business goals that can apply to your business:

  1. Reducing travel time, costs and security concerns
  2. Speeding sales and product development cycle times
  3. Improving the quality of communications
  4. Speeding the delivery of training and coaching
  5. Improving overall quality of staff meetings
  6. Reduce your carbon footprint

Here's how Video Conferencing saves time compared to typical business trips:

Here are the tasks: with a business trip: with a video conference:
Make bookings for flights, hotels, rental car, etc. 1 hour 0 hours
Schedule the meeting with participants and book the meeting room
Make booking for flights, hotels, rental car, etc. 1 -
Prepare materials for meeting 1 1
Drive to Airport 1 -
Check in  & pre-flight waiting 2 -
Flight time to meeting 3 -
Drive from Airport to Meeting 1 -
Waiting for the Meeting Start 1 -
Meeting duration 4 4
Drive from Meeting to Airport 1 -
Check in  & pre-flight waiting 2 -
Flight time from meeting 3 -
Drive from Airport 1 -
Recovery for trip and jet lag 2 -
Follow up from Meeting 2 2

TOTAL

27 hours 8 hours

Summary: Typically the time savings are 19 hours per person who is in the meeting.

The number of meetings per month are ___?

The number of people traveling to each meeting in your organization are ____?

Do you have some immediate or future video conferencing needs? Contact us to get a fast, fair and friendly quote for any video conferencing systems. 

03/05/24