More Storage Space
First and foremost, let's square down the most obvious benefit: once you've digitized all of your documents and safely backed them up in an external facility, you no longer need to keep the physical copies laying around and taking up office space. This can be an especially a big problem for small businesses that deal with large amounts of data. Once you digitize documents, you don't need to set aside multiple cabinets, or even a room, to keep them in- instead, you can keep them accessible on your network, without needing to take up physical space.
Easier Access and Backup Potential
The next big benefit is easier access. Think about it: you're looking for a particular document. What's easier- spending up to 30 minutes shuffling through various file cabinets, or having the document open and ready on your computer in under one minute? The convenience is invaluable for a business, not to mention the sheer amount of time being saved by going digital. If soemone is calling your office for support, you can pull up the relevant file in moments: something not possible with an office full of physical papers.
Additionally, once you've started digitizing documents, backups become an option. You can use secure cloud servers or other locations to serve this purpose, but in either case you can ensure safety and redundancy for all of your most important business data, even in the case of a natural disaster.
File Indexing and Searching
By digitizing documents, you're turning every last part of them into something that can be instantly indexed and searched. The benefits of indexing are obvious enough: with the right naming and dating systems, you can find relevant documents in a single minute with a fully-digital system. But with outright searching capabilities, you can dig for particular words or phrases throughout all of your documents. If something isn't adding up, for instance, this ability will allow you to more easily find where the error in paperwork is, especially if you already have an idea what you're looking for.
Easier Sharing and Automation Capabilities
These last two benefits are certainly not the least. With the ability to share your entire document library, digitally, over your network, your workers can collaborate better than ever before thanks to digitizing documents. Being able to quickly and easily share vital information is a key part of any modern business, and having a digital backend will allow you to stay in pace with everyone else.