Meetings are an inevitable part of most businesses, and traveling for those meetings has been an integral part of the corporate world for a long time. However, the process of business travel has become outdated. Business travel can be very expensive, time-consuming, as well as unreliable. Just in 2014, 98,017 flights have been cancelled and 766,539 flights have been delayed (and it’s only September).

When it comes to cost, the average domestic business trip costs $965 and lasts 3.3 days. American companies spent roughly $225 billion sending their employees on trips in 2012. Additionally, it takes an average of 53 hours and 24 minutes to prepare, travel and attend an in-person meeting with five people. Overall, that’s a lot of time and money spent for meetings.

For those reasons, and many others, more businesses have been turning to videoconferencing. Videoconferencing allows companies to conduct meetings, hold demonstrations and host conference calls without the hassle and expense of travel. With the latest HD videoconferencing technology, companies can hold a productive meeting, face-to-face, from the comfort of their own offices. It also gives businesses the ability to record the meetings to reference later. Furthermore, less travel means an improved work-life balance for employees. One in 10 executives has reported missing an important family event due to business travel.

The demand for videoconferencing grew 25% in 2013 and 75 percent of global CFO’s have predicted that videoconferencing will become the number one method of corporate communication in the coming years. If your business still resorts to constant travel, it’s time for a change.

Stratosphere Networks offers best-in-class videoconferencing solutions. With partners including Polycom, Cisco and LifeSize, let us get your business set up with the an efficient and affordable alternative to travel. Give us a call today at 877-599-3999 to end your travel woes once and for all.

Sources: RITA, ACI, Tely Labs, Travel Leaders Corp