Making a profit is the dominating factor for going into any business. To realize a continuous increase, cutting corporate costswhere you can is necessary. There are three broad areas to focus this strategy on which include labor and administrative costs, and business expenses. Here is a look at tangible tactics that can maximize resources and minimize costs for your company.
Labor Costs
The biggest expenditure of any business’s balance sheet is labor cost. While talent is the engine of any organization, taking steps to maximize this capital is critical. Technology has added a formidable tool to the arsenal with telecommuting. Companies such as Vonage Business have a new platform called Telesphere which helps to seamlessly blend the employees at home offices with cloud infrastructure and hosted VoIP communications.
Think about cutting costs by training workers to do more than one job. This option will also open up job sharing for times when employees are sick or on vacation. Build on this by incorporating a compensation time-off feature instead of paying compensation.
Limit the amount of conference attendance to local events that directly impact business critical functions and rotate the list of participates among employees that need this resource. Follow this with having the attendee present the information to the entire department. You can save money when you pay in advance and when fees are discounted.
Administrative Costs
Office space can be a costly expense, so consider renting space or even office sharing depending on the size and type of business. Control the cost of office supplies by placing one person in charge of distribution. You might also consider a central space for storage to make this effort more efficient.
Employ a platform to go paperless in appropriate departments with incentives to customers and employees for participation. Review all subscriptions and only keep those needed for company operations. Memberships are another area where cost can be lowered by paying the discounted rate for multiple years.
Business Expenses
While inventory for daily operations is essential, consider only maintaining what you need for a certain time frame, such as 30 days. When you do have to restock, look for bulk quantities that come with lower unit pricing. Shop around annually for required business insurance opting for as much coverage as possible while decreasing premiums. Enroll in auto pay, or pay in full for discounts that these options offer. Pay close attention to business taxes by staying abreast of, and taking all deductions and credits. Cut business travel, and find affordable chains with reward programs, so the points can be used for future trips.
Austerity business practices can be achieved painlessly with the right strategies. Focus on these three main components in any business model with a deliberate and thoughtful plan for cutting costs and saving the company money. This will help your profits increase, while your corporate costs are slashed.
Large cross-country companies are highly focused on increasing the level of sales and post-sale services offered by their products and insurance. Providing this offer every 7 days a day at 24 hours a day is a general requirement and is very demanding at the best of times.
You can provide this capability to your customers through the use of our call center-based system. If required, our call centers can provide an emergency service of 24 hours per day for all people who need to check, repair, or generally request.
Channeling your business calls through our call centre means your calls are managed and filtered into general calls and enquiries and varying degrees of emergencies that require a quicker and more direct follow up. These are escalated, depending on the degree of the situation to your company representative. All calls are answered immediately with very low to no waiting times and no call is left unanswered with any messages being emailed or text to your own company representatives at whatever level you set and are comfortable with.
Our call centre services included two aspect, which are “Inbound Customer Care Services” and “Outbound Call Services”.
Our “Inbound Customer Care Services” offers:
– Customer Service Hotline
– Incoming calls are handled by experienced customer service officers
– Interactive Voice Response System
– Substitutes IVR system for employees to lower operation cost
– Automated Call Distribution System
– Distributes incoming calls to the right person
– Telephone Recording System
– Records conversation to monitor service quality
Our “Outbound Call Services” offers:
1.Telemarketing
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2. Market Research
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3. B2B List/Database Scrubbing
-Update your customer contact information, and identify new buyers
4. B2B Appointment Setting
-Fill your calendar with quality sales meetings and webinars.
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