Too many paper documents get in the way of success. Managing a few files may not be a problem at first, but what if you have thousands of papers to sort through? Stick to paper processes, and you end up with cluttered office desks and inefficient processes.
Although the concept of running a paperless office has been around for decades, many businesses are still hesitant to make the change. Naturally, you might still be reluctant to do so, which is why in this article we’re going to address your concerns.
Before you know it, your business can get caught up in a complex IT infrastructure. At first, you start with a basic accounting system like QuickBooks. As your business grows, however, there is a higher demand for advanced inventory management, customer relationship management (CRM), and productivity software.
Cloud-based Enterprise Resource Planning (ERP) software has become the ultimate accounting tool for small- and mid-sized businesses. It can handle general ledger tasks, create instant reports, and remove the guesswork from drawing up a financial roadmap.
Business process technology (or BPM) are spiking as more companies are spending more to modernize their operations and boost performance. In a BPM digitization blog published by PaperSave™ titled, “No stopping the push toward BPM digitization”, International Data Corporation reported “global investments into digital transformation-related solutions are set to see a compound annual growth rate of 16.8 percent between 2014 and 2019. At the end of that study period, the analysts expect annual spending to reach roughly $2.1 billion, while a large portion of this will be derived from the United States, which is forecast to invest $732 million of that total figure annually by 2019.” To read the rest of the story, click here.