Budgeting

Would you be interested in finding out more about how technology can provide benefits and help lower costs for your business? Budget conferencing is a good example. Not only will budget conferencing help save you money on travel and meeting costs, it will actually help you conduct your business more profitably.

Exactly what is conferencing? Conferencing is a way that you can use technology to communicate with partners and clients without actually having to meet face-to-face. There are at least three different kinds of conferencing: audio conferencing, video conferencing and web conferencing.

Audio conferencing is the oldest kind of conferencing. It's really nothing more than what used to be known as a conference call. Audio conferencing uses telephones and speaker phones to enable a group of people to communicate in real time. Although this type of conferencing is somewhat limited, it remains quite effective and audio conferencing is still offered by many budget conferencing providers.

Video conferencing, which made it possible for participants to actually see each other, was a big improvement when it was introduced. The main disadvantage of video conferencing was that it required special equipment and support at each participant's location. It was more expensive than audio conferencing, but it still provided a huge cost savings over actual travel.

Web conferencing takes advantage of today's newest Internet technology. Using the web is an excellent budget conferencing choice and provides a full range of benefits at a very cost-effective price. When it was first introduced, web conferencing required the installation of matching software applications on each participant's computer. This has become much less of an issue since most budget conferencing providers make available free software for download.

Budget conferencing is very easy to set up. Normally you begin by creating an account with your chosen provider. Billing and payment can be set up easily using a credit card. One of the most attractive features of budget conferencing companies is that everything can be set up on the web and activation of your account is usually instant. No additional equipment is required. It's possible that in literally minutes you could create your account, invite your participants and begin your own audio or web conference.

In most cases, you will pay for conferencing by the minute. However, some budget conferencing solutions are available for a flat monthly rate. You pay the same amount each month regardless of how much you use it. Deciding which is better for you is usually a simple matter of comparing the monthly fee to what you would normally be charged for your anticipated usage. If you do a lot of conferencing, you may be able to negotiate a volume discount.

Most budget conferencing companies are optimized for use by beginners or newcomers to conferencing. If you're in the market for budget conferencing, then price may be your primary factor for choosing a company. But it's important to understand what services are provided at the basic rate. Investigate carefully to ensure that you're getting the services that you need. You should still take the time to compare basic features like call security and audio quality. Also, make sure that your budget conferencing choice is available throughout the day and night. If you need conferencing to work in the global marketplace, then you need a service that's not affected by time zones.

Budget conferencing is an excellent way to save time and build relationships. If your business has several work groups that are geographically dispersed, you can use budget conferencing to collaborate on documents and presentations, and to build a sense of conncection that would probably not otherwise be possible.

Training is another area where budget conferencing really shines. If you're rolling out a new software application or some other type of product, you can use conferencing to train your workforce and salespeople. Not only will the training probably be more effective, you can also start training much more quickly after the product is ready because there is no need to arrange for travel or set up meetings. Plus, now everyone has to provide their own coffee and donuts. Over a year's time, that might add up to the biggest savings of all from budget conferencing.