As large corporations move increasingly to digital workflows, small and medium-sized businesses aren’t transitioning as quickly. Digital workflows have a number of benefits, 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 SMBs with limited resources.

Startling 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. This adds up to over $120 billion per year on paper costs across the U.S.

Beyond the sheer cost of the paper itself, you’re losing money to lost productivity. In paper-heavy offices, employees can lose six hours per week in searching 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 associated with 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. Human resources and accounting especially benefit from the efficiency and reduced errors that going digital can bring.

Small and medium businesses have limited resources to spend. Wasting your time, money, and energy on producing and managing paper documents may be holding your business back. Converting to digital workflows is easy, and most SMBs will see a dramatic increase in productivity along with reduced costs, earning back your investment quickly.