Technology is making business transactions easier and more flexible and is becoming increasingly accepted as the way to do business, an expert has said.
Devices such as mobile phones and laptops are helping to revolutionise transactions and everyday business environments, the Institute of Risk Management (IRM) claims.
Ian Fraser, marketing manager for the leading education and training body, said: "Virtual offices are increasingly seen as an acceptable (even normal) way of doing business [and can] limit the impact of a disaster as locations can be spread out."
He also commented that clients may be put off by the lack of a physical base, but at the same time, this avoids the once negative implications of PO Box postcodes.
Research by Choregus, an office industry resource, found that the finance sector accounted for 40 per cent of virtual office customers, while 16 per cent were in business services and only two per cent were in entertainment and leisure.
Virtual Office packages typically consist of telephone answering and mail forwarding, a service which attempts to offer people flexibility in their working hours and locations.