VoIP technology allows companies to save money on phone costs compared to traditional phone lines. VoIP reduces long distance and international call costs by up to 90% since calls are made over the internet rather than phone lines. It also provides mobility for employees to work from anywhere and independence from phone carriers for network managers. Additional features like call forwarding are included for free with many VoIP systems, unlike with traditional phone providers that charge extra fees. In summary, VoIP technology provides significant cost savings while also offering remote work capabilities and independence from phone carriers for a company's phone system.