In the digital age, how we manage information can either propel us forward or hold us back. With their bulky file cabinets and endless paper trails, traditional document storage systems are increasingly becoming a bottleneck to efficiency and security. The shift towards electronic document storage is not just a trend but a strategic move to leverage technology for streamlined operations. The key benefits of electronic records are enhanced accessibility, robust data security, and significant cost savings. By embracing electronic records management (ERM), businesses and organizations can unlock new levels of productivity and collaboration, laying the groundwork for innovation and growth.
Streamlining Information: The Key Benefits of Electronic Records Management
Topics: digital transformation, Electronic Records Management
Whether you’ve been sitting on the fence about committing to a paperless office or have a major archive issue on your hands, it always helps to understand the benefits and machinations of the bulk document scanning process. One of the most common questions our customers ask when they first interact with is: “How do you convert my documents into digital data?”
Topics: document scanning, digital transformation
Document Digitization: The Foundation for Digital Transformation
"Digital transformation is a fundamental reality for businesses today." - Warren Buffet
Topics: digital transformation
COVID-19 undoubtedly accelerated the adoption of digital technology by companies across sectors and industries. Remote working and the resultant need for collaborative tools for geographically dispersed teams were the focus in 2020. 2021 brings in a new era in which organizations must consolidate their product or service offerings, staff requirements, and office spaces. They must review their existing technology infrastructure to prepare for the new normal—the hybrid work model. In this hybrid work culture, a certain percentage of employees will continue to work remotely. Teams will have to work collaboratively even if they are not in the same physical location.
Topics: paperless, digital transformation
Digitize the Lending Process: Increase Government Relief Applications
2020 was a busy time for lenders—and highly stressful too. A slew of government stimulus packages, a pandemic-affected housing market, and financial uncertainties forced lenders into participating in various government programs to maintain their liquidity.
Topics: digitizing, digital transformation
Improve the Mortgage Lending Process with Digital Transformation
Buying a home is one of the most significant emotional and financial decisions people make in their lifetime. The experience will either be memorable or frustrating—depending on the mortgage lender involved!
Topics: digital transformation
Topics: digital transformation
Startups do things digitally. But companies that have been around for decades largely don’t. It seems impossible to believe, but 82% of companies are still paper-based.
“With all the lip service paid to innovation, it’s astounding that most businesses still use technology invented more than 2,000 years ago. We’ve entered the era of 3D printing, artificial intelligence, and missions to Mars — yet only 18 percent of companies consider themselves paperless.”
With cloud servers and apps like Monday, Trello, and Evernote replacing paper calendars, notebooks, and whiteboards, it seems crazy to think that less than 20% of all companies in 2020 operate digitally. Not so crazy, though, when you consider that computers weren’t even part of the office environment 40 years ago.
Let’s take a look at the brief history of paper to digital documentation and nail down when paper processes will finally go digital.
Topics: paper usage, paper documents, manual document filing, process management, document management trends, document management, business process automation, digital transformation
New employee: “I can’t find the printer and I need to print something.”
Coworker: “We don’t have one. And no you don’t.”
Startups do things digitally.
Invoices, receipts, and business cards are digital. Any paper that does come in—usually from the government—gets digitized and put in the cloud and that paper is recycled immediately. Post its and wall-hanging calendars are replaced by apps like Monday and Trello and Teamwork. Notebooks swap for task managers. Clutter disappears and productivity soars.
Topics: manual document filing, document scanning solutions, compliance, document management trends, document management, digital transformation
Nearly 30% of American companies believe they must go digital to survive. Nearly 90% believe they must do so to remain competitive. But many companies don't have in-house resources to handle digitization themselves. That's where third-party experts come in. Read on to learn how a digitization company can help you right now.
Topics: digital transformation