How can Team Collaboration software save you money?

It’s no secret that your company will fare better if you’re earning more money. This article isn’t going to offer up some miracle formula to guarantee financial success, if it did exist you’d be sipping a piña colada on a palm-lined beach in the Caribbean and not reading about ways to cut costs. Instead, what this article can offer is a look at how team collaboration software can set you on a path towards savings, and eventually bonuses and company-wide profits.

Traditional project management

Do you remember the movie Office Space? The boredom of working at a mid-level tech firm. The endless TPS reports on Peter’s desk that lead to his existential crises. It was the 90s and grey cubicles were still the office standard.

For years, an inbox filled to the ceiling was the classic image of long working hours and job dissatisfaction. Desk drawers held messy file folders and it was often impossible to find a note, or even an entire sub-project.

Project management software takes all of those memos, progress reports, and deadlines and organises them in one place, removing the clutter and streamlining the process. This new system for organisation saves tedious time spent filing and refiling; saving on man hours, and in turn money spent completing the project.

Out with paper, out with the office

Replacing memos and file folders with software is a big space saver. Throw out those printers and empty out drawers, the modern office space can be utilised much more effectively, not to mention the fact that you could probably do with a smaller space in order to save on rent.

Back in the day (a couple of years ago) whole rooms were designated for stationary and printers, taking up huge amounts of the office.

Working online, however, reduced not only the clutter, but allows teams to work remotely, so that in some cases an office space might not even be needed at all. It’s a huge benefit to young entrepreneurs with little resources; running an effective operation without spending on rent is an enormous cost saver.

Greater efficiency right from your home office

With project management software, team meetings can be held online so that a business trip needn’t interrupt progress. And what’s more, business trips can be reduced as communication over instant messenger is clear and direct, and in some cases more effective than holding a long, drawn out meeting.

Collaboration software is designed to keep clients in the loop, so even if there’s a bump in the road, the client will have their own login and see exactly what’s being done to resolve the issue. A happy client will bring in more business.

We don’t recommend magical profit making elves, they’re not reliable, and they’re dated. We do recommend team collaboration software, as this is the best solution for modern businesses who want to keep up with a fast-paced digital marketplace.