Digitizing paper documents is the easiest first step toward digital transformation and the fastest way to reclaim bottom-line cost savings.
The rewards of paperless
Many organizations have already reaped considerable bottom-line cost savings by transforming their traditional, manual, paper-driven processes into convenient, digital, user-centric experiences. Reducing—or better, eliminating—paper usage provides your business with several key benefits.
Savings extend well beyond the cost of paper (which is substantial). Toner replacements, MFP upgrades and postal costs also decrease. Even more meaningful savings are achieved by eliminating bulky ﬁling cabinets and reclaiming expansive storage areas.
Limit the access of certain documents and information to speciﬁc people and prevent tampering. Ensure better disaster recovery when by retrieving archived digital ﬁles versus attempting to replace ﬁle cabinets destroyed by ﬂood, ﬁre or building collapse.
Reduce total process cycle times by 75% in key processes across accounts payable, HR, contracts, legal and other core business operations.
The heavy cost of paper
Paper is everywhere. Areas such as accounts payable, human resources, contracts and legal rely on paper-centric processes, and that signiﬁcantly slows down performance when processing thousands of incoming requests.
Filing and retrieving paper is not just messy and time-consuming. It’s also costly:
Wasted money: $700 for each lost document, $125 for each misﬁled document.
Business continuity: 70% of businesses risk failure from catastrophic paper loss.
Unsecure by default: 98% of enterprise printers are unsecure and open to hacking.