As large corporations have moved increasingly to digital workflows, smaller businesses are being left behind. Digital workflows have a number of benefits for SMBs, with many companies seeing significant benefits within the first 18 months. From increased productivity to better monitoring, the benefits can be even more important for small businesses with limited resources. Surprising Paper Facts Paper many be costing your business more than you think. On average, each office worker uses over 10,000 sheets of paper per year, nearly half of which wind up in the recycling bin within 24 hours. All this paper has to go somewhere, with filing cabinets costing as much at $1,500 each in space and maintenance costs. Beyond the sheer cost of the paper itself, you're losing money to lost productivity. In paper-heavy offices, employees can lose 6 hours per week hunting for documents. Misfiled and lost documents come with a hefty price tag. Even more alarming is the fact that experts believe 70% of paper-reliant businesses would fail within weeks if they suffered a fire or flood and lost their documents. Going Digital Going digital eliminates many of the overhead costs of relying on paper documents. Digital storage is very affordable, and allows you to easily make and store backup copies in multiple off-site locations. If your main office suffers a fire or flood, your documents will still be safe. Cloud storage also allows employees to access documents remotely, which is increasingly important in today's fast-paced world. Digital files can be easily indexed, making them quickly searchable. When employees no longer have to waste time rifling through a filing cabinet, they can spend their time doing work that will bring in revenue. Human resources and accounting especially [...]
