Are you one of the 29.2% of companies who say they are holistically examining all of their technology usage and looking for efficiencies? Makes sense. With the economic uncertainty of COVID-19 still looming large, many organisations are preemptively and proactively watching for ways to cut costs.

Still, there are other ways to make your money go further that don’t involve cancelling essential subscriptions or pausing major projects. One of the most cost-effective strategies? Check that you’re getting all you can out of the tech investments you use most: your collaboration tools.

You’ll recognise collaborative technology as the tools and systems that help your team work together and individually, regardless of where that work happens.

Consolidated Technologies Inc. describes collaborative technologies as groupware that “trim the costs and time associated with facilitating group work, from designating roles and responsibilities to routing in-situ documents to checking and approving project parts. They allow for more intuitive and coordinated group problem solving across an entire team’s workflows.”

With 63% of businesses participating in a work from anywhere model, most organisations now find collaboration tools invaluabl

These tools are best known for their ability to help teams:

With 63% of businesses participating in a work from anywhere model where operating remotely or on-site is the employee’s choice, most organisations now find collaboration tools invaluable. Considering the rising trend of hybrid work models, few experts believe teams will all reliably function in the same place at the same time anytime for the foreseeable future. In other words, collaboration technologies probably aren’t going anywhere.

Underutilise your collaboration tools and you may as well be throwing away your limited capital. To help your technology dollars stretch further, consider:

Whether you’re in the market to invest in additional collaboration tools or simply want to better utilise the ones you already have, this list will help you maximise the value of your collaborative tech suite.