Six Benefits Of Going Paperless

A paperless system allows managers, field workers and administrative staff to be more efficient by locating and retrieving critical documents faster. By saving time and creating a more streamlined business, companies will be able to increase profitability. I came across an article that discusses the Six benefits of going paperless.Here are a few snippets that you might find interesting.

The phrase “Going Paperless” doesn’t mean removing every single piece of paper from an organisation nor does it mean that employees will become obsolete. It means pinpointing specific areas of the company that are paper-heavy, manually-driven, and time-consuming then finding a smarter way to execute the process. 

Six Benefits of Going Paperless:

ROI

Most organisations think that switching to a paperless solution will cost more in terms of purchasing new software, hardware, and training as opposed to sticking with paper-based manual processes. After the initial investment, however, the ROI of these investments is very transparent. In most cases, businesses realise their full cost of investment within the first 18 months, and then the corresponding savings are apparent with time savings and a three-to-four times increase in productivity.

 Labor Savings

 The very nature of paper documents requires time-consuming work to organise, store, and retrieve. You can automate these manual tasks and help businesses, increase profits by allowing more time for employees to do higher-value activities.

 Lost & Misplaced Documents

 Organisations no longer have to worry about losing or misfiling documents. In the case of a natural disaster, documents that are stored digitally are recovered, which just might save an entire business.

 Storage Costs

 Paper takes up space and, for most companies, there is not much extra space available to hold documents and records that are added to the storage area each month.  Businesses spend money renting storage facilities to house all of their documents, but with a paperless strategy you can store millions of documents in the Cloud or on a single hard drive.

 Improved Document Security

 The options are endless for securing information. Companies can track every single document, changes that have been made, who viewed them, who made the changes and more. It adds a new level of accountability and document security to protect businesses and their customers.

 Improved Customer Service

 The ultimate goal of every business should be to provide the best possible product or service to their customers. When customers receive outstanding products and services, they stand out from the rest. 

 If you’d like to know more, head on over to the full article here and let me know what you think. You can direct any questions to my email [email protected], or call me on 0400 988 841 if you want to discuss. You can also check out our website at https://formsmate.com to know more about us.

 Thanks,

Peter