To cope with inflation and the rising cost of business, entrepreneurs who register a company in Singapore should consider basic infocommunications technology (ICT) strategies to save costs while simultaneously boosting their productivity.
Rikvin, a Singapore company registration specialist, shares some essential cost-saving tech tips for SMEs:
ICT- Cloud Computing
Hardware installations, multiple user licenses, and periodic software upgrades require a substantial capital outlay. For most SMEs, these costs can weigh down on the startup budget.
To save costs on infrastructure expenditure, opt for cloud computing instead. Cloud technology requires only one online application, which gives access to a web-based service that hosts a wide range of programs.
In gist, with cloud technology, there is no need to install a suite of software for multiple computers. To perform multiple functions, all you need is one application to access applications and data that are stored in a “cloud.”
More importantly, the best part about cloud computing is that you can securely access whatever programs you need from any computer in the world, as long as you are connected to the internet.
To cope with inflation and the rising cost of business, entrepreneurs who register a company in Singapore should consider basic ICT strategies to save costs while simultaneously boosting their productivity.
Voice over Internet Protocol, more commonly known as VoIP, is an inexpensive alternative to costly overseas phone calls.
VoIP is particularly beneficial for a Singapore-incorporated company with multiple international dealings, or any domestic firm that needs to communicate with a geographically diverse team and/or clientele.
In a nutshell, VoIP is a technology that allows voice calls to be made over the internet by converting analog voice signals into digital data packets to support real-time conversations.
With VoIP telephony service, you can make unlimited long-distance calls at a fraction of the cost of standard telecommunications service providers. This translates to substantial savings in the long run.
VoIP calls can be made on the internet via computer audio systems, or through ordinary telephones connected to your computer network by special adapters.
WiFi Enabled Devices
Mobile data plans can be quite costly, so it is important to make sure that the tablets and smart phones of your mobile workforce have WiFi connectivity. If your company is paying for your employee’s data plans, then the potential cost savings of WiFi can be quite substantial.
When on the road, for example, your team should be able to easily switch from their mobile data network to WiFi whenever a hotspot is available.
Similarly, you should equip your office with a WiFi network so that your employees can use it in lieu of expensive cellular data networks.
Related Post: Did super wifi launch in Singapore?
Consider a Virtual Office to save costs
For most startups, the infrastructure costs can be quite daunting. As a cheaper alternative, consider a Singapore virtual office when setting up your business.
A virtual office will not only allow you to save on rental expenses, it will also lower your headcount as well as your operating costs. For an affordable monthly fee, you get access to such bundled services as a dedicated phone line, answering service, fax capability, mail forwarding, video conferring, meeting room access, etc.
Moreover, a virtual office eliminates the day-to-day hassles of running a physical office and a full service staff. Consequently, you can manage your operations and resources more efficiently and focus on increasing your productivity, and ultimately, your bottom line.
Related Article: How will the new SME zone help businesses save costs?
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Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.