Let's Save It Program

RingCentral, a global leader in cloud-based communications operating in over 45 countries, has been committed to innovation and operational efficiency since its inception. In May 2022, Sonalee Parekh assumed the role of Chief Financial Officer, bringing a transformative vision to enhance the company's operating margin and foster sustainable growth.

Under Sonalee's leadership, RingCentral launched the 'Let’s Save It initiative, a groundbreaking internal program aimed at generating cost savings and efficiencies. The program, guided by key principles such as strategic alignment, innovation, business acumen, commitment to improvement, and employee development, has yielded significant financial benefits. Since its inception, 'Let’s Save It' has saved the company budget, with additional assets in anticipated savings.

The program empowers employees to imagine, create, and execute their ideas, fostering company-wide participation and allowing employees to directly contribute to the financial health of the business. 'Let’s Save It' democratizes the margin improvement process, encouraging global involvement and delivering remarkable results.

At the core of RingCentral's ethos is innovation, a principle instilled by founder and CEO Vlad Shmunis since the company's establishment in 1999. Shmunis envisioned a communications company built on partnerships, innovation, and trust, principles that continue to guide RingCentral's trajectory. 'Let’s Save It' exemplifies this commitment to innovation, providing employees with a platform to submit over 160 cost-saving ideas from six different countries.

By combining the foundational values of the company with Sonalee Parekh's strategic financial leadership, 'Let’s Save It' has become a testament to RingCentral's dedication to fostering a culture of creativity, collaboration, and financial excellence. The initiative not only reflects the company's mission to simplify communications but also demonstrates a paradigm shift in the way innovation is harnessed for tangible financial benefits.