Quantcast
 
New ETF Book by Larry Connors - Click here to read more


 

Flower Patch Cuts Communication Costs 80% With 8×8

Tue. September 29, 2009; Posted: 01:25 PM
Stocks RSS
Sep 29, 2009 (FinancialWire via COMTEX) -- EGHT | Quote | Chart | News | PowerRating -- (Comment on this article at http://www.financialwire.net/2009/09/29/flower-patch-cuts-communication-costs-80-with-8x8/)

September 29, 2009 (FinancialWire) -- Since the flower company Flower Patch deployed the 8x8, Inc. (NASDAQ: EGHT | Quote | Chart | News | PowerRating) Virtual Office hosted IP (Internet Protocol) phone solution seven months ago, the floral wholesaler is saving 80% off its monthly phone bill which had grown to a steep $13,000 a month since opening its doors in 1977.

At each of its nine physical locations, together with its corporate office, Flower Patch had relied on doing business and taking customer orders the traditional way. They hired employees based on each location's seasonally fluctuating demand for its floral services, with Valentine's Day and Mothers Day being its busiest time of the year. As much as they tried, it was simply a fact of doing business that when a busy day came, calls into their 13 seat call center inevitably were dropped while customers waited on hold for a florist to check on supply. And, there were times when customers wanted to place an order at a specific Flower Patch location and inadvertently found themselves on the phone with a florist miles away.

Several years ago, Flower Patch adopted a call center model in an effort to have more control over service quality. Although there were cost savings (phone costs were down from $13,000 to $9,500), there were still gaps in efficiency that couldn't be ignored. Their first attempt at VoIP with a local provider put the business "in a very bad place" according to Parrish when, one Valentine's Day, the phones went dead. "We did get our costs down to $5200/month when we moved over to the local provider, but it wasn't worth the loss of business and havoc we experienced that day. They just couldn't support us."

Parrish's business put some effort into finding a VoIP phone service provider that would help them "exceed the expectations of their customers" and their relationship with 8x8, Inc. began soon after.

8x8's Virtual Office VoIP phone service allows small businesses like Flower Patch to deploy a full-featured enterprise class phone system without running in the red. How? By using the existing broadband Internet connection businesses already have to deliver digital quality dial tone plus business class features remotely, on a hosted basis, the 8x8 Virtual Office solution eliminates the need for expensive, on- premise PBX equipment and saves the average company at least 50% on recurring monthly service charges. The combination of this doubling of resources, savings on upfront equipment charges, cost efficiencies of VoIP calls and the ability for business owners to configure their phones themselves without paying a hefty maintenance fee to have someone come in and do it for them is what prudent businesses today find very compelling.

For added flexibility, Flower Patch equipped all of its locations with 8x8 cordless IP phones, so florists no longer had to put down a call to check the store's cooler (where inventory is kept fresh to be used as needed) to be sure they can fill a request.

8x8 Virtual Office has brought Flower Patch's monthly communications cost to just $1,700 from a whopping $13,000. That's money that will help Utah's #1 rose retailer continue to help its customers delight, surprise, and touch people's hearts for years to come.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

http://www.financialwire.net
For full details for EGHT click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.