Recession is looming – cut your conference call bill NOW!

We’ve mentioned numerous times in the past how businesses can cut their costs, but the problem is, companies become complacent when “rolling in it”, then the next thing you know, you’ve got a bloated company on your hands with dozens upon dozens of monthly outgoings that you really don’t need, including that £0.05 per minute conference call service… oh, but wait, “We’ve always used these guys, and we’ve had very few problems… ok… they’re not great, but everyone is so use to their system, making the move is too much trouble”.

You would not believe how many businesses, especially large corporations, that neglect to review their conference call service provider and look at cutting costs, let alone actually buying in to a vast more superior provider. I mean heck, your last check said you spend just 5p per minute for a conference call, right? Let’s do the sums (taken from recent enquiry):

 

Old provider

Conference call cost per minute: £0.08

Minuted used per month: 9,000

Typical monthly cost: £720

That’s £8,640 in conference call costs per year.

Again, the typical large corporation will weigh up this cost vs. disruption of moving to new provider. However, with a recession looming, let’s take a look at the savings. At a complete minimum, new costs, with an excellent provider would come to:

 

New provider

Conference call cost per minute: £0.03

Minuted used per month: 9,000

Typical monthly cost: £270

That’s £3,240 in conference call costs per year.

That’s a saving of £5,400 per year. However, it gets better yet.

 

New provider, with negotiations

Yes, seriously, if you’re going North of 1,000 minutes used per month, you *should* be able to get under £0.03 per minute. However, taking in to account the above of 9,000 minutes used per month, you should be able to hit south of £0.02 – YES, less than TWO PENCE per conference call minute! 1p per minute for ~5,000+ mins per month is not unheard of, but let’s see the numbers based on an easy negotiation of 2p per minute:

Conference call cost per minute: £0.02

Minuted used per month: 9,000

Typical monthly cost: £180

That’s £2,160 in conference call costs per year.

That’s a saving of £6,480 per year!

 

Tough financial times are coming for the individual and companies alike, but don’t neglect the mostly overlooked consequences of a ‘5p’ conference call service and the dent it puts in to your bottom line. Take a look at what’s available, and find a new conference call provider based on your requirements.