Tips

Three CFO Imperatives for the Future of Work Post-COVID-19

Move to UCaaS to optimise spending, drive business transformation and enable productivity

In the business world today, cloud technology is not only changing IT, but also changing finance. With the COVID-19 pandemic driving a forecasted 90% of business IT to the cloud, how can your organisation benefit financially from moving to the cloud and adopting unified communications as a service (UCaaS)?

1. The Cloud imperative

81% of organisations are currently using or plan to move to cloud telephony solutions in the next 2 years. 82% of IT decision-makers somewhat agree, agree, or strongly agree that a cloud strategy is essential to remain competitive.

Cloud-based PBX systems offer dramatic advantages over on-premises solutions including:

  • Reducing infrastructure and management costs, saving 30-50% by migrating communications systems to the cloud and by consolidating multiple communications systems and providers across multiple sites.
  • Shifting to an OPEX standard in the unified communications environment can provide a rewarding financial and technological change for any organisation. In a UCaaS environment, you pay only for what you use. There is also price transparency, and all services are scalable and flexible, which allows organisations to remain agile in responding to unpredictable infrastructure needs. Additionally, aside from a new set of current year tax deductions, eliminating large telephony capital expenditures will “lean out” an organisation’s balance sheet and create more cash flow, allowing for short-term operational growth.
Need to cut costs? Try our calculator to see how much you could save. Cut costs

2. Enabling remote work: Modern solutions to drive business value

Now that working from home is here to stay, the focus now must be on optimising the work from home experience to improve cost-effectiveness while equipping workers with modern communications and collaboration capabilities to maximise productivity and revenue generation opportunities. 

Nearly three out of four finance leaders surveyed earlier this year by research and advisory organisation Gartner said they plan to move at least 5% of their workforce that had previously operated in an office to a full-time remote schedule. Gartner interviewed 317 finance leaders, including more than 200 CFOs, from companies that ranged between about $500 million and $50 billion in annual revenue, with as many as 100,000 employees.

By enabling remote work in your organisation, you will ensure business continuity. But to keep productivity high, you will need to provide tools to employees to communicate and collaborate securely and efficiently wherever they work. UCaaS meets this need as it provides a single, unified cloud solution that combines message, video and phone – allowing communication through channel of choice. An added benefit of the solution is its ease and flexibility to set up and use.

RELATED READING Future of Work Resource Hub

3. Work with IT Leaders to select the right partner for cost and risk reduction

It is paramount for the organisation to choose the optimal partner and ideal platform. For example, adopting a single-vendor approach results in a 56% lower total cost of ownership (TCO) when compared to a multi-vendor strategy. One vendor also means one bill, making administration cost-efficient.

From a financial perspective, you want to choose the partner that will guarantee the security your organisation needs and who will help you reduce the risk with the highest security and reliability platform. CFOs will have to keep a sharp eye on risk management and stewardship.

One example of such risks is susceptibility to cyber attacks. As companies virtualise their workforce and create more external access points to their systems, they potentially become more vulnerable to cyber risks including data theft, ransomware and other attacks. Vigilance and investment in cybersecurity will continue to increase in importance.

RingCentral has put together a useful calculator to help you understand how much you would save by moving to UCaaS with RingCentral. This analysis will help you understand how RingCentral will lower cost, increase productivity and enable business.

Is your business spending too much? Find out with our ROI calculator.
Published by
Author
    Severine Hierso is a Director of Product Marketing at RingCentral, the leader in cloud communications solutions, and is passionate about creating value, differentiation and messaging, ensuring a better experience for customers and partners. She has gained extensive international product marketing, market research, sales enablement and business development experience across SaaS, telecommunications, video conferencing and technology sectors within companies such as Sony, Cisco, Cogeco Peer 1 and Dimension Data/NTT. Severine holds a Master’s degree in economics and her hobbies include long distance runs and travelling.
    Disqus Comments Loading...
    Share
    Published by

    Recent Posts

    3 Ways To Improve the Agent Experience and Reduce Contact Centre Turnover

    Turnover has always been an integral part of call centre life, with an estimated rate…

    1 week ago

    More Capabilities That Reduce Employee Burdens and Delight Customers

    As businesses continue to explore how to make hybrid work viable for both in-person and…

    2 weeks ago

    Top 10 voice features in RingCentral MVP [Enterprise Edition]

    Every day, thousands of enterprise-level organisations rely on RingCentral for their phone and voice communications,…

    2 weeks ago

    Hybrid Work Is Here: How Can Businesses Embrace It?

    Mid and large enterprises have an opportunity to make the most out of new working…

    2 weeks ago

    Maximise Your PBX Investments With RingCentral Cloud Connector

    When deploying cloud telephony, enterprises have plenty to consider before fully migrating from on-premises to…

    3 weeks ago

    Call Centre Recording and Its Benefits

      In this article, we will discuss: What is call centre recording? How it works…

    1 month ago

    This website uses cookies for analytics and functionality purposes. If you continue browsing our website, you accept these cookies.