Let me set the scenario for you. You are at your office downtown working away on that new major contract when your assistant runs in to tell you that the client on this new major contract is calling to say that they are no longer going to be able to go through with the deal.
You take the call in your conference room so your secretary can take notes while you are on the phone with the client. You also call in your manager who is responsible for working on the new major contract. The client tells you that their loan fell through and they are not going to move forward with the contract.
You call your accountant on his cell phone at the golf coarse to cover finance and your lawyer at his office for legal advice. The accountant suggests calling the banker in charge of the loan department at the local bank; he is added to the conference call as well.
To make a long story short, the new major contract is saved by the power of phone conferencing call. Phone conference service is a wonderful thing. A conference call can be a very important business tool.