We’ve officially crossed the threshold of 2014. As a small-to-medium sized business (SMB) owner, that likely means you’ve begun compiling your “To Do List” for the year. No matter what stage of the game you’re in—whether you’ve crossed your t’s and dotted your i’s or are still shaking off those extra few glasses of champagne (hey, it happens)—there are a few basic necessities that you should be double checking to ensure that this year is your company’s best yet.

One such necessity is a hosted phone system—a solution that has proven to advance several vital components of business continuity and competitiveness. Let’s take a look at some solid reasons why a hosted phone system could be your SMB’s smartest move for 2014, starting with lower costs.

There seems to be a mistaken consensus that kicking off the New Year should mean widening the corporate budget, but this isn’t the case for every business. Some businesses need to maintain physical equipment, and that’s okay. But if you don’t require on-site hardware, you should consider ditching your antiquated system for a hosted platform. The first lowered cost to reap is decreased capital expenses. Let’s say you run a 10-person company that operates an in-house telephone system. Not only are you paying for rent, but you’re paying to maintain, manage and operate technology that, if shifted to a third-party vendor, would save you thousands of dollars a month. Let your employees work from home and opt for a hosted PBX (News - Alert).

There are still two more reasons why you need a hosted phone system this year. Click here to check them out.