Voice over Internet Protocol (VoIP) systems can streamline business communications, but like any technology investment, you need to consider its direct and indirect costs. Here are the different costs you need to account for when owning a VoIP system.
When investing in VoIP phone systems, cost is always an important factor to consider. No matter what features it’s bundled with, a phone system that easily puts you over budget isn’t worth investing in. That’s why it’s important to evaluate the total cost of ownership (TCO) of VoIP systems.
Investing in virtualization will allow a business to enjoy better IT management and huge cost savings. However, virtualization’s deployment process is not a walk in the park. If you’re a virtualization newbie, you need to plan carefully and implement the following best practices.
There are so many VoIP phone systems in the market that you’re bound to come across a few with similar features and add-on services. When this happens, most business owners will compare the price and purchase the more affordable option. But you shouldn’t only be looking at the initial price of the VoIP system; you must also look at the total cost of ownership (TCO).
What is TCO?
The TCO is the overall sum of procuring, deploying, and operating a VoIP system has over its life cycle, which is typically five years.
Deciding to invest in virtualization technology is one of the easiest decisions you can make. By consolidating computing resources into physical servers, businesses can enjoy easy IT management and massive cost savings. What’s not so easy, however, is the deployment process, which requires careful planning and implementation of best practices.
Implementing Business Intelligence (BI) software and other tools can help your company grown by leaps and bounds. However, it has to be planned for with the proper level of diligence and care to truly be beneficial to your business. Haphazardly installing BI software can result in an expensive misstep that sees you fall behind the competition.