Going paperless is now a mainstream business aspiration than it was a decade ago. While some companies turn a blind eye to this trend, others understand the advantages of adopting digital transformation securely online.
At Allsop we identify these main benefits of going paperless in 2022:
- Easy to access information.
- Reduce Costs.
- Efficient workflow.
Let’s take a closer look at these factors.
1. Easy to access information.
Accessible information is an essential aspect of any business this year, especially with hybrid or fully remote work. With cloud technologies, your employees can work as a team in the same source no matter where they are placed. Apart from it, your teams can change the document numerous times without a constant need to print the latest version.
For example, with the Master Data Management solution, you will have one single source of truth within your organisation. Moreover, with more control over data input, you ensure only correct data is entered. Not only this but integration ensures that the correct data is automatically transferred to your ERP. Learn more here.
2. Reduce Costs.
Following the previous benefit, a paperless solution allows your teams to update all data without the need to print the information which leads to reducing costs on paper and printing solutions. Consequently, automation solutions ensure 99% of data entry accuracy that help your company to avoid issues with customers’ information or their orders.
3. Efficient workflow.
According to a McKinsey report, employees spend 1.8 hours every day—9.3 hours per week, on average—searching and gathering information. Put a different way, businesses hire 5 employees but only 4 show up to work; the fifth is off searching for answers, but not contributing any value.
However, you can avoid this situation by implementing Paperless Data Automation. This solution allows you to have all information in one place. For instance, departments across the organisation can access the MDM solution to upload any relevant information which improves the ease and speed of cross-departmental collaboration. Apart from it, combining your data in one place provides better insights and ease of analysis, ensuring that data-driven decisions can be made with reliable data. And lastly, the MDM solution ensures that users only have access to the data relevant to them.
If you want to learn more about Paperless Solution, chat to one of our experts about Data Management.