Are Paper-Based Processes Costing Your Business Money?

Does the very thought of switching to a paperless office make your hair stand on end? That's understandable, especially if your team has very little experience with digital processes. The truth, however, is that switching to paperless document management is a lot easier than most people realize. Here's why you'll want to give it some serious thought.

Paper is Slowing Down Your Business

Paper processes used to be the only way to perform daily business operations, but if you're still dependent on it in 2019, it's affecting your business in ways you may not like.

• Productivity bottlenecks — Moving paper around to complete a process can take hours, days, and in some cases, weeks. Document management gives you the power to automate business processes, eliminating the time wasted by paper-centric workflows.
• Lost information — Paper has a frustrating habit of going missing. A file may be legitimately in use by an employee, but there's no way of knowing, and the time spent searching is a direct loss for your business. Document management has built-in solutions to keep track of documents, and users can find them in seconds.

Paper is Costing Your Business Money

The printed page looks harmless enough, and it's often a necessary part of doing business, but when you're relying on it to function, the costs can be enormous.

• The average U.S. office employee prints 10,000 sheets of paper every year, with half of printed documents hitting wastebaskets or recycling bins by the end of the day.
• About 40% of filed documents are never required again.
• Paper storage solutions require substantial investments in paper, supplies, printing equipment, filing cabinets, storage boxes, shelving units, binders, and the office space to put it all.

Ready to use your multifunction printer to initiate paperless document management? Contact the team at Lakeland Office Systems to find out how today!