Panel: Video Can Save Travel Budgets

By
|

ORLANDO, Fla. -- Once a fringe tool for business communication, videoconferencing now is essential in today's business environment, according to Don LePard, manager of business travel for Zurich, Switzerland-based ABB, speaking at the National Business Travel Association's annual conference here.

LePard, who was part of a panel discussion regarding "Videoconferencing as a Travel Management Tool," said meeting planners can save time and money through videoconferencing.

"With the price of videoconferencing systems dropping every day and the price of business air fares on the rise, I don't see how anyone can not be using videoconferencing as a meetings management tool," Lepard said. "[ABB] set a goal to save $100 million in travel expenses through the use of videoconferencing. When you throw that kind of figure out there, the CFO will take notice."

Videoconferencing systems for desktops costs about $2,000, and can even be under $1,000 if the PC technology exists in house, according to Ann Earon of Telemanagement Resources International in Skillman, N.J. She said a one-hour videoconference coast to coast costs about $15 an hour.

Lepard said he "saw an unbelievable opportunity" and started looking at the city pairs where ABB's employees traveled most. "You've got to show management the cost savings opportunity of videoconferencing," he said. "Identify who's traveling and where."

Other members of the panel, such as Susan Dupart, manager, worldwide support services with Columbus, Ohio-based Quantum, said she devised formulas to show cost savings to management.

For instance, Dupart figured the cost of a three-hour videoconference was about 10% the cost of the travel. "We also devised a formula that addressed the time saving of the employees who were able to stay in the office as a result of the videoconference," Dupart said.

But convincing management may not be enough. "Once you convince management, you have to convince the people who are going to use it," Dupart said. "You really have to market this or people will forget that its there."

Earon said the industry needs to undergo a "business paradigm shift" for a change to occur and after 2000, "videoconferencing will be a technology that businesses need to have."

From Our Partners


From Our Partners

Destinations on a Plate: Culinary Tourism
Destinations on a Plate: Culinary Tourism
Watch Now
TTC Tour Brands — How We Lead: What Tour Directors Know About Leadership
TTC Tour Brands — How We Lead: What Tour Directors Know About Leadership
Read More
What High Growth Advisors Do Differently
What High Growth Advisors Do Differently
Register Now

JDS Travel News JDS Viewpoints JDS Africa/MI