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SHOCKING TRUTH –
It’s Not Just About Travel Costs!
Calculating the Real ROI of Video Conferencing Technology
Calculating the Real ROI of Video
Conferencing Technology
Viva la Paris (or Milan, or New York, or Sydney)..................................................................6
Time = Money.........................................................................................................................5
Old School – The Traditional Way of Calculating VC ROI...................................................4
The Real ROI Calculation.......................................................................................................9
Explore Video Conferencing.................................................................................................10
Does the Meeting Really Matter?...........................................................................................8
Reduce Wear and Tear … On Your Life.................................................................................7
Saving More Than Just the Cost of Travel..............................................................................3
Saving More Than
Just the Cost of
Travel
Don’t rely on archaic
and cumbersome ROI
calculators to crunch
numbers on one end and
push out a magical sum on
the other.
Sure, ROI calculators help
distill anecdotal evidence
and analyze cost savings
associated with travel, but
it usually goes something
like this: total hours spent
traveling + cost of hotel,
rental car, and food divided
by the number of meeting
hours. Well, at least that’s
one version.
No matter the final number,
the ROI total savings on cost
of travel is only part of the
story. Calculating the true
ROI of video conferencing
combines facts with real-
life tangibles to help you
understand and quantify your
investment.
B A C K T O C O N T E N T S 3
Houston to Austin (Roundtrip)
By Car, 2 Days, 1 Night
Houston to Austin (Roundtrip)
By Plane, 2 Days, 1 Night
Transportation Cost
(326 Miles Roundtrip)
$179
(at .55 per mile)
$400
(Southwest Airlines)
Total Hours Spent Traveling 7 3
Cost of Hotel
(Hilton Garden Inn: $189/night)
$189 $189
T&E
(Approx $50 Per Day)
$100 $100
Rental Car N/A
$100
(Enterprise Rent-A-Car)
Total Cost of Business Trip
(Twice a Month)
$936/month
$11232/year
$1578/month
$18936/year
Prices accurate as of November 2013
Old School – The Traditional
Way of Calculating Video
Conferencing ROI
“How much are meetings costing you?”
You could calculate
ROI this way … but
you’d be completely
missing the point.
B A C K T O C O N T E N T S 4
Time = Money
The single most compelling
reason to install video
conferencing technology is
to be more productive.
Working harder isn’t the
answer; it’s increasing
efficiency that pays dividends.
Video conferencing improves
productivity and empowers
you to work more efficiently
at a low cost that can be
realized in just months—not
years.
Imagine regularly
collaborating with globally
dispersed teams without
driving across state lines or
flying to another country.
B A C K T O C O N T E N T S 5
Viva la Paris
(or Milan, or New York, or Sydney)
Video conferencing reduces
“tedious” business travel,
like the intercity commute
to the weekly sales meeting,
while preserving the human
connection among meeting
participants.
Acompany that reduces
just half of its domestic
meetings—while maintaining
the more “desirable”
international trips—can
realize monumental savings.
Businesses just need to think
differently, and video is part
of this revolution.
Know when to travel to meet
face-to-face and when to save
time and money by using
video conferencing.
Replace team meetings,
training sessions and client
on-boarding that require
frequent domestic short
haul flights. Instead, fly to
key destinations when it’s
important for you to close
deals, meet new customers or
unveil your new Paris office!
Travel
anywhere you
want. Use video
conferencing
for everything
else.
B A C K T O C O N T E N T S 6
Reduce Wear and
Tear…on Your Life
Working harder just
doesn’t scale—how much
can one person do in a day
anyway?
You can attract more talent
of a higher caliber when
you offer jobs with less
travel and more personal
time. Today, quality of life
is more important than ever.
Traveling for work is fine,
but when you barely make it
home for your weekend, it’s
not so great.
Hosting even some of your
meetings over video can help
reduce your own “wear and
tear,” meaning you can go
around the world—or simply
across the country—and be
home in time for dinner.
B A C K T O C O N T E N T S 7
Does the Meeting
Really Matter?
For video conferencing
to be successful within
your business, the quality
needs to be so high that
you forget you are using
it; the technology simply
becomes invisible – like
looking through a window
to another place.
When using any type of
conferencing technology,
ask yourself, “Do I feel like
I met with the person or just
spoke to them?”Atrue video
experience gives you the
feeling of being there without
having to physically get there.
There is still a place for business trips.
Does the meeting really matter?
B A C K T O C O N T E N T S 8
The Real ROI Calculation
B A C K T O C O N T E N T S 9
Explore Video
Conferencing
Making decisions now,
not when a flight lands
or after an employee
commutes an hour to
the office, is the number
one reason to invest in
video conferencing. Video
builds human connections
irrespective of distance. True
video collaboration replicates
in-person meetings, so you
can extend the technology to
anyone—customers, partners
and suppliers. Flying
because you want to is fine,
but for everything else,
there’s video conferencing.
Seeing is
believing
We hope that you found
our ‘Calculating the Real
ROI of Video Conferencing
Technology’guide helpful
and, because we know
that seeing is believing,
we would be delighted to
arrange an opportunity for
you to experience the power
of video for yourself.
info@Lifesize.com
1-877-Lifesize
1-877-543-3749
8 Reasons Why
Your Business Needs
Video Conferencing
Ten things to consider
before you invest in video
conferencing

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Calculating the Real ROI of Video Conferencing | Lifesize

  • 1. SHOCKING TRUTH – It’s Not Just About Travel Costs! Calculating the Real ROI of Video Conferencing Technology
  • 2. Calculating the Real ROI of Video Conferencing Technology Viva la Paris (or Milan, or New York, or Sydney)..................................................................6 Time = Money.........................................................................................................................5 Old School – The Traditional Way of Calculating VC ROI...................................................4 The Real ROI Calculation.......................................................................................................9 Explore Video Conferencing.................................................................................................10 Does the Meeting Really Matter?...........................................................................................8 Reduce Wear and Tear … On Your Life.................................................................................7 Saving More Than Just the Cost of Travel..............................................................................3
  • 3. Saving More Than Just the Cost of Travel Don’t rely on archaic and cumbersome ROI calculators to crunch numbers on one end and push out a magical sum on the other. Sure, ROI calculators help distill anecdotal evidence and analyze cost savings associated with travel, but it usually goes something like this: total hours spent traveling + cost of hotel, rental car, and food divided by the number of meeting hours. Well, at least that’s one version. No matter the final number, the ROI total savings on cost of travel is only part of the story. Calculating the true ROI of video conferencing combines facts with real- life tangibles to help you understand and quantify your investment. B A C K T O C O N T E N T S 3
  • 4. Houston to Austin (Roundtrip) By Car, 2 Days, 1 Night Houston to Austin (Roundtrip) By Plane, 2 Days, 1 Night Transportation Cost (326 Miles Roundtrip) $179 (at .55 per mile) $400 (Southwest Airlines) Total Hours Spent Traveling 7 3 Cost of Hotel (Hilton Garden Inn: $189/night) $189 $189 T&E (Approx $50 Per Day) $100 $100 Rental Car N/A $100 (Enterprise Rent-A-Car) Total Cost of Business Trip (Twice a Month) $936/month $11232/year $1578/month $18936/year Prices accurate as of November 2013 Old School – The Traditional Way of Calculating Video Conferencing ROI “How much are meetings costing you?” You could calculate ROI this way … but you’d be completely missing the point. B A C K T O C O N T E N T S 4
  • 5. Time = Money The single most compelling reason to install video conferencing technology is to be more productive. Working harder isn’t the answer; it’s increasing efficiency that pays dividends. Video conferencing improves productivity and empowers you to work more efficiently at a low cost that can be realized in just months—not years. Imagine regularly collaborating with globally dispersed teams without driving across state lines or flying to another country. B A C K T O C O N T E N T S 5
  • 6. Viva la Paris (or Milan, or New York, or Sydney) Video conferencing reduces “tedious” business travel, like the intercity commute to the weekly sales meeting, while preserving the human connection among meeting participants. Acompany that reduces just half of its domestic meetings—while maintaining the more “desirable” international trips—can realize monumental savings. Businesses just need to think differently, and video is part of this revolution. Know when to travel to meet face-to-face and when to save time and money by using video conferencing. Replace team meetings, training sessions and client on-boarding that require frequent domestic short haul flights. Instead, fly to key destinations when it’s important for you to close deals, meet new customers or unveil your new Paris office! Travel anywhere you want. Use video conferencing for everything else. B A C K T O C O N T E N T S 6
  • 7. Reduce Wear and Tear…on Your Life Working harder just doesn’t scale—how much can one person do in a day anyway? You can attract more talent of a higher caliber when you offer jobs with less travel and more personal time. Today, quality of life is more important than ever. Traveling for work is fine, but when you barely make it home for your weekend, it’s not so great. Hosting even some of your meetings over video can help reduce your own “wear and tear,” meaning you can go around the world—or simply across the country—and be home in time for dinner. B A C K T O C O N T E N T S 7
  • 8. Does the Meeting Really Matter? For video conferencing to be successful within your business, the quality needs to be so high that you forget you are using it; the technology simply becomes invisible – like looking through a window to another place. When using any type of conferencing technology, ask yourself, “Do I feel like I met with the person or just spoke to them?”Atrue video experience gives you the feeling of being there without having to physically get there. There is still a place for business trips. Does the meeting really matter? B A C K T O C O N T E N T S 8
  • 9. The Real ROI Calculation B A C K T O C O N T E N T S 9
  • 10. Explore Video Conferencing Making decisions now, not when a flight lands or after an employee commutes an hour to the office, is the number one reason to invest in video conferencing. Video builds human connections irrespective of distance. True video collaboration replicates in-person meetings, so you can extend the technology to anyone—customers, partners and suppliers. Flying because you want to is fine, but for everything else, there’s video conferencing. Seeing is believing We hope that you found our ‘Calculating the Real ROI of Video Conferencing Technology’guide helpful and, because we know that seeing is believing, we would be delighted to arrange an opportunity for you to experience the power of video for yourself. info@Lifesize.com 1-877-Lifesize 1-877-543-3749 8 Reasons Why Your Business Needs Video Conferencing Ten things to consider before you invest in video conferencing