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Essay: The marquis tools that are powerful for CEOs and measurable for CFOs

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  • Subject area(s): Business essays
  • Reading time: 2 minutes
  • Price: Free download
  • Published: 21 June 2012*
  • Last Modified: 23 July 2024
  • File format: Text
  • Words: 384 (approx)
  • Number of pages: 2 (approx)

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The marquis tools that are powerful for CEOs and measurable for CFOs

The Marquis Tools That Are Powerful For CEOs and Measurable For CFOs

As businesses move into 2010, the financial horizon still looks dim. The clamp on spending limits is unyielding and businesses are trying to cut corners without compromising on service quality and customer loyalty. The internet lowers operational costs considerably allowing businesses to improve services without incurring costs.

Internet marketing

The internet allows businesses to expand their customer base, target niche audiences, generate sales leads and increase profits. Social media marketing, SEO, search engine marketing, affiliate marketing and other techniques are used to spread brand awareness and build a credible brand image.

VOIP

Any business with a broadband connection can use VoIP service to enjoy the same features as expensive PBX systems. Apart from the low cost of calls and user friendly features, VOIP services reduce travel expenses with video conferencing facilities and portable VoIP phones; require only one network for voice and data; allow easy integration with CRM applications. Installing a hybrid system keeps businesses operational during internet outages.

Business phone systems

Though VoIP phone systems are cost-effective, other phone systems can also be used to suit business needs and size. Choices are key systems, KSU-less systems, PBX and hybrid systems.

Web conferencing

Web conferencing enables effective networking. Meetings, presentations, and trainings can be attended by personnel from their locations. Businesses save time and travel costs, and increase the efficiency of their workforce.

Credit card processing

Faster and easier processing via the internet has brought down credit card processing rates drastically, allowing businesses of all sizes to offer customers an extra payment option. Credit card processing agencies ensure businesses have the necessary hardware and software support, merchant account, security and processes for better customer experience.

Call center services

Businesses can use call center services for secretarial services, customer service calls, technical support, taking orders and qualifying service leads.

All of the above services provide reporting functions for businesses to monitor progress, address bottlenecks, analyze and improve services. They are not just effective in reducing costs, but also promise better results in terms of customer experience and sales.

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