Blog

As the fiscal year ends, it's the ideal time to use the remaining financial resources before they disappear in the coming weeks. Whether it's accounting, human resources, research and development, sales and marketing, IT or engineering, the departments who spend less on expenses and do not maximize their budget often have lower budgets the following year.

Although, without a detailed financial strategy in place, it can be challenging to find opportunities to maximize on unspent dollars. It can feel daunting and overwhelming to allocate funds to necessary departments, initiatives, and investments. For those who need help with how to strategically invest an end-of-year budget, you've come to the right place. There are several ideas for end-of-year budget spending that will deliver ROI for years to come by enhancing collaboration and communications.

The end of the year is a great time to audit current technology devices, including computers, video conferencing cameras, speakers, microphones, video displays, room scheduling devices and other technologies that support day-to-day operations. If an audiovisual system is down, has an issue, or cannot be fixed, it could cost time and money. Imagine entering a conference room for an important meeting and quickly realizing an audiovisual system is inoperable. Does a company or staff have time to troubleshoot before a meeting? Performing a technology audit, particularly at the end of the year, and proactively maintaining audiovisual equipment can improve day-to-day operations, extend a system's life span and, most importantly, reduce expenses. Filling gaps in a technology audit provides an opportunity to utilize the remaining budget, too.

Additionally, the end of the year is an opportunity to identify any gaps in connectivity, processes and operations that cause pain for a department. Perhaps a company has experienced significant growth over the past year, including adding new team members operating in-person and remotely. With a growing team in size and geographic region, it can become increasingly difficult to fill the gaps in collaboration and communication.

After all, remote work has caused many employees to feel disconnected in exchange for the flexibility they've received in a hybrid or remote environment. Companies have reported significant declines in effective communication and collaboration with remote-only work. If this sounds familiar, the end of the year might be a great opportunity to invest in new devices to fuel collaboration and connectivity for all in–person and remote employees. Today's advancements in connectivity devices, such as video conferencing cameras, speakers and microphones, empower collaboration that pushes innovation and drives future growth.

As a global leader in video conferencing technology, AVer offers corporate users the flexibility to create customized conferencing and collaboration solutions by mixing and matching from a wide range of first-rate video conferencing technology. From industry-leading cameras for small meeting spaces and huddle rooms to easy-to-use PTZ cameras for larger conference rooms, AVer provides the latest and best in corporate communication equipment to enrich collaboration.

AVer offers a range of solutions for corporate environments, including video conferencing cameras, speakerphones, professional PTZ cameras, interactive flat panels and interactive control boxes. AVer's technology, including Audio Tracking, Smart Gallery and Gesture Control, creates an immersive meeting experience with seamless communication and visibility. Thanks to seamlessly integrated software and world-class video quality that matches any type of meeting room, AVer is recommended or certified by leading video conference software providers, including Microsoft Teams, Zoom, Google Meet, RingCentral, and many others. For companies interested in opportunities to maximize on unspent dollars before the end of the year, consider investing in new technologies to support the future of workplace collaboration and communication.

To learn more about the latest video conferencing technology from AVer Information, please visit https://www.averusa.com.