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Can somebody explain the benefits of a Hosted PBX product?

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 Compare a Hosted pbx to your typical ATT copper line and DSL product.  What does the hosted pbx have that your usual telephone and internet does not.  I ask because I recently started a position with an IT company that sells a Hosted product (along with SIP and PRI).  I was hoping to get some nice selling points (other than that we're more affordable :) )
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