1. Reducing travel-related costs
With the right tools, it’s no longer necessary for employees to be physically present at the office to carry out their work, reducing daily traveling costs for employees. Furthermore, meetings with clients and external partners can also be carried out online, saving the company money when compensating employee’s incurred travelling costs.
2. Reducing communication-related costs
Thanks to cloud technology and online collaboration tools, companies no longer need to have physical copies of documents, saving a lot of money for office stationery and physical storage. Furthermore, unified communication tools have drastically reduced costs for phone services, as now employees can make calls directly over the internet.
3. Saving time
The right collaboration tools save time, and not just by reducing the need to travel! Many tools can send automatic notifications to team members when actions are performed, for example when uploading documents, completing a task, reaching a milestone etc. This enables a much faster workflow, as team members would not need to waste time updating each other on the status of projects.