How Does a Virtual Office Affect Business Costs?

04.06.2020

Written by Tudor Mardari

How Does a Virtual Office Affect Business Costs?

A study of the cloud economy conducted by Microsoft in Europe states that, compared to traditional server IT infrastructures, a cloud platform usually costs 40 times cheaper.

At the same time, owners of medium and small businesses, who have already started using cloud technologies, have confirmed that significant changes for the better have occurred in their business. 

In particular,
59% said that their business had become more productive, 57% said they had saved money, and 24% of respondents believed that their companies became more innovative.

Money saved thanks to cloud technology
is most often (in 68% of cases) invested in the further development of the company. The business uses these additional tools to develop a product line, new services and other similar tasks. Interestingly, the researchers were able to refute the widespread belief that cloud computing is cutting staff. 

It turned out that 60% of companies spend the saved money in order to
hire new employees, raise salaries and pay bonuses. In general, the number of employees in the surveyed companies has grown by 28% since the moment they switched to cloud technology.

The ability of cloud technology to reduce the time used for finding new solutions, releasing products and applications to enter the market is one of the strongest arguments in favor of virtual offices. At the same time, the clients of the surveyed companies talk about two main advantages of virtual offcies technologies:
a more flexible infrastructure and a reduction in the spent time

Ultimately, all this leads to cost reduction,
75% of the managers of medium and small companies surveyed said.

Experts point out that
one of the most pleasant advantages of virtual offices is that they can provide small businesses with access to opportunities that only large companies with a large budget could take advantage of.

Firstly, there is space to
reduce IT costs. The software that virtual offices technologies provide is not hardware, which reduces the cost of installing and maintaining expensive equipment. You can update the platform version or install a new program in a few minutes. If you are having difficulty installing or using the system, the service offers online IT support.

The second advantage is "
virtual collaboration." Such programs allow you to connect people with network access all around the world. There is a practice of virtual meetings between employees working remotely, foreign partners and the main office. As a result, travel expenses are reduced by 25%. In general, doing business moves to a new level of comfort and speed.

Did we already convince you that a virtual office is one of the best ways of business expenses optimization? Then feel free to contact our team and start your own journey into the world of virtual life!

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