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Savings

 Q: How can I cost justify the purchase of a voice processing system?
 A: Cost benefits fall into two categories:

Hard dollar savings, quantitative improvements that immediately affect the bottom line; and
Soft dollar savings, those related to qualitative or effectiveness improvements.

Some hard dollar savings

  • Reduction in long distance expenses
  • Fewer receptionists and departmental answering positions
  • Reduction in the lines, trunks, and attendant consoles
  • Reduction in mailing and copying costs
  • Extended life of your telephone system

Some soft dollar savings include

  • Reduction in the number of memos and letters created (consider the cost of time to write, type, and route and the cost to copy, and you will see you can save as much as $20 for each memo and $25 for each letter)
  • Increased productive time through shorter and fewer calls
  • Reduction of telephone tag - a study by the International Resource Development estimated the average cost of a telephone tag call after completion is $12.82
  • Improvement in communications leading to a more effective and productive organization
  • 24 hour operations leading to increased production and , ultimately, more revenues and profits
  • Additional selling time for sales staff (time reduction through fewer calls and less telephone tag can free 20 minutes a day of a salesperson's time, increasing selling time by 4.5%)

Voice processing system purchases are usually cost justified within 12-18 months, depending on the application and the needs of your company.

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