5 Benefits of Video Conferencing

  • It’s More Engaging than Audio Conferencing.
  • It’s Efficient.
  • It Saves on Travel Money.
  • It Improves Communication.
  • It Provides More Structure for Meetings.

Video conferencing presents countless opportunities for businesses. Whether it’s engaging Borrowers, collaborating across departments and locations, the technology is efficient, cost-effective and scalable.

  • 1. It’s Engaging than Audio Conferencing

    Participants in audio conferences tend to zone out and multitask because they feel disconnected from the other members in the meeting. With video, however, there’s pressure to maintain “virtual eye contact”, translating to superior levels of engagement.

    When each conference member is visible, you’re inclined to use the communication skills we’ve all practiced in face-to-face conversations.

  • 2. It’s Efficient

    Reduced commuting time is one of the most obvious but significant benefits of video conferencing. In-person meetings with clients can take up valuable hours of your day; even an hour-long meeting can quickly eat up an entire morning when accounting for travel time, making it a frustrating and inefficient activity.

  • 3. It Saves on Travel Money

    Not only is travel time-consuming, but it’s also expensive. People often travel great distances for training, conferences and business meetings, and in most cases, these in-person communications can be accomplished via video conferencing. Save the money you would spend on business travel and put it toward other business priorities.

  • 4. It Improves Communication

    Research has shown that humans process visual information more quickly and accurately than text and audio. Therefore, when you have a meeting via video conferencing, attendees will retain more information and comprehend it more effectively than they would if you held the meeting via audio.

  • 5. Very Practical when applying for a mortgage

    It brings the convenience of dealing with documents and information from the comfort of your home when applying for a mortgage. Let’s face it all your documents are in your home and retrieving information is very easy. It Provides More Structure for Meetings accessing dates, amounts, etc. becomes very easy and practical.