An Introduction to Hosted Unified Communications

Businesses across the globe are looking to reduce the complexity of managing their communication services. This is being done through different means, such as introducing instant messaging, location tracking, telephony and internet connectivity in all-inclusive packages. In marketing terms, this is called Unified Communications. With technology moving so quickly, this is becoming a vital part of any businesses communication strategy.

An Introduction to Hosted Unified Communications

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What Can Be Integrated into Unified Communications?

There are a variety of services that businesses use on a daily basis that can be integrated into a Unified Communications presence and allow for AZ termination of a business’s services.

VoIP calling can replace old-style telephony due to its utilisation of the internet rather than traditional telephone lines. A Unified Communications system can also allow colleagues to determine availability within their department if a call needs to be transferred, leading to a smoother query escalation. This can be facilitated with many instant messaging services that allow you to publicly state when you are ‘busy’ or ‘available’. The same service used for calling can also facilitate video conferencing amongst colleagues, whether one on one or for larger meetings too.

An Introduction to Hosted Unified Communications

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What Can Unified Communications Do?

This methodology of setting up and maintaining interior business services comes with a variety of tangible benefits.

As an example, these benefits can be hugely beneficial in the medical field, where paramedic teams are on the move in urban areas. They will be able to utilise the latest in telecommunication standards – 4G – in order to update records, communicate with colleagues and relay photos and videos to team members. This is a huge improvement on the previous methods of doing things, such as radio calls and filling in paperwork, which can get lost or damaged in transit. This improves efficiency. You can read more …

Interest Rates Of Fintech Industry For Unsecured Business Loans In India

Many small business units face challenges in obtaining unsecured business loans at competitive interest rates. Either the interest rates are exorbitant, or the payment structure is unfeasible with high prepayment penalties. This lack of democratization of finance has changed in recent times with the advent of the fintech players. Fintech players focus on the speed of loan processing, efficiency, and ease of business loans disbursement for the customer.

Blog 95: Interest Rates Of Fintech Industry For Unsecured Business Loans In India

While NBFCs offer unsecured business loans at attractive interest rates, there are some internal and external factors which influence the pricing of the interest rates, which are as follows:

  1. The rate of Inflation: Inflation increases the prices of products and services. However, inflation reduces the value of currencies and purchasing power in general. The fall in the value of currencies increases the rate of interest on business loans. Fintech lenders extend business loans at higher interest rates if the inflation rate is high and vice versa. So, it is important to factor in the inflation impact before applying for a fast business loan.
  2. RBI’s monetary policy: The Reserve Bank of India (RBI) changes the monetary policies at regular intervals to maintain comfortable liquidity in the economy and control inflation rate. RBI increases liquidity in the money market by relaxing its monetary policy. The enhanced liquidity results in a reduction in the interest rate on loans. This makes business loans cheaper for the borrower. This is guided by RBI’s repo and reverse repo rates. Thus, it is ideal to borrow when the money supply is excess in the economy.
  3. Demand and Supply of Loan: The fundamental economic forces of demand and supply play a major role in determining the interest rates on business loans. When the demand for credit grows, lenders charge higher interest rates to book profits. Vice versa the lenders