You may have heard of Voice Over Internet Protocol or VoIP, a new way of making phone calls without relying on Public Switched Telephone Networks (PSTN). With VoIP, users can make or receive calls with an internet connection alone. Calls may also be diverted to other devices such as tablets and laptops. It is a popular telephone network option among businesses because communication can be made anywhere. Phone numbers are integrated to more than just one device with VoIP system, and these are attached to the user rather than the device.
Effective communication is highly important in managing businesses. Luckily, we live in an age where wireless communication has gained many possibilities. Businesses use an IP Network for their offices, and a Session Initiation Protocol (SIP) is a requirement to set up communications within an IP Network. SIP is a standard protocol to make VoIP phones work. This integration is done by an experienced SIP service provider.
Here’s how this communication technology contributes to the growth of businesses:
Reaching New Borders
Because users no longer have to worry about the limits of a traditional telephone line, businesses can communicate with people and other organizations across multiple locations. Long-distance calls will cost less with SIP. A study suggests that average companies that switched to SIP have saved up to 50% every month. Although figures are still reliant on how much a business makes calls, especially international and long-distance domestic calls, bills are still relatively lower with SIP than with traditional telephone service providers.
Another advantage of SIP is businesses being able to hire remote workers. One way to grow a business is reaching new borders, and this is made quicker by recruiting globally. With SIP, businesses may have full-time employees working remotely without communication issues.
Productivity is affected by limited communication. Because SIP and VoIP phones enable people to communicate without the limits of a physical location, more tasks could be accomplished. Client-Server relations could improve with high-quality communication. Employers don’t have to worry about not having access to remote workers, too. Since long-distance calls are made cheaper with SIP, employers could be less conscious about the high costs of making such calls.
With money saved from less costly calls, businesses may have a bigger budget for their employees, and workers who are paid well tend to be more productive. Having more budget may also allow organizations to hire more personnel, increasing productivity altogether.
Improved Business Operations
Business Operations are basically the day-to-day activities involved in the generation of revenue. Researchers have reported that operational developments may have more long-term impact than financial gains. Many startups, small, and medium-sized enterprises have switched to SIP because of its features that enable efficient communication without being costly, contributing to their fast growth.
The uncertainty that smaller businesses and startups face is a factor in why they choose to integrate SIP into their communication system. This uncertainty includes the unpredictability of the demand for their products. Enterprises may scale up or down without trouble if they’re able to minimize utility costs, such as phone bills. With SIP, they only need to pay for the exact number of channels they need at the moment, something that traditional telephone service providers don’t offer. Being able to minimize costs for communication without sacrificing quality is important for enterprises with a limited budget.
This advanced communication technology is highly flexible and efficient, which is why it’s been a popular choice for businesses looking for faster growth, other than its communication and cost-saving benefits. Statistics show that the SIP industry has registered 98.9 billion corporate subscribers in 2012, which had contributed to its $43.27 billion revenue in the same year. It had also been predicted that by 2020, corporate subscribers will go up to 204.8 billion and revenue may increase up to $86.20 billion.