While the economy slowly emerges from its recent downtown, companies are continuing to strive for ways to cut costs and save money. The great news is cost savings often does not involve cutbacks in technology. In fact, improvements to your company’s current technology platforms can help save money today and into the future.

Take for instance your travel budget. Smart companies are circumventing traditional meeting methods and eliminating large travel budgets by using Web conferencing techniques. Today’s technologies allow for the streaming of video or audio conferences with little lost on the sentiment of simply being in the same room. Real time sharing of documents through web content management systems can even provide for collaboration during conferences. An article from the Harvard Business Review pegged Microsoft’s annual travel savings at $90 million thanks in part to infusing daily business practices with technology. While a comparison to Microsoft may not seem applicable, even non-tech and small companies can access similar savings.

Over the next few months, IHETS will highlight various ways we can assist your company in finding real cost savings while gaining resources. Stay tuned to our Web site for a new white paper on cost savings. Feel free to reach out to us in the meantime at info@ihets.org for ideas on cost cutting solutions.

Are you a company who is already experiencing bottom line cost savings through IHETS impact pricing? We’d love to hear from you! Contact Julie Dolak, jdolak@ihets.org to learn about becoming a model for future industry case studies – these make great marketing pieces for both organizations.

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