Paper doesn't just harm the environment and your company’s productivity—and therefore your revenue—paper also harms your reputation: 87% of consumers surveyed say they look more positively on a company if they run 100% paper free. And that's how you want your customers to see your company.
The more productive your company is, the more opportunities you will have to grow. One of the best ways to improve your company’s productivity is to invest in more powerful tools to enhance your ability to produce. To this end, a knowledge management system is one of the best tools for you to invest in right now. Let’s take a look at how this resource will improve your company’s productivity.
The average employee wastes over three weeks per year while they are on the job. This means that if you pay an employee $100,000 per year, then you are wasting nearly $6,000 annually – on just that one employee. Much of this waste comes from tasks that hinder your employee productivity, so you can save by cutting the fat out of a person's daily routines at your company.
When your business is more productive, you get better results. The best way to enhance productivity is to figure out what is slowing your company down. If your company is still relying on paper, then there are several paper-based business processes that are holding your company back right now. We have listed six such processes below, along with how you can overcome these challenges.