There are many small but mighty steps you can take to become a paperless office, from scanning your backfile of documents to utilizing paperless cloud services for future processes. Not only do paper-heavy business processes waste time, they increase unnecessary costs and reduce productivity.  Did you know that every 4-drawer file cabinet holds between 10,000-12,000 documents, occupies around 9 square feet of floor space, and costs $1,500 yearly to maintain? On top of that, according to an AIIM market study, going paperless can improve staff productivity by nearly 30%. 

Topics: #Scanning, #Digitization, Organization, Documents, Paperless, Digitize, Automate, Efficiency, Storing Documents, Document Storage, Work From Home, Remote Access

An example of a workflow can be anything from automating an accounts payable invoice review process, to the hiring and onboarding of an employee, to the process of reviewing and signing a contract. When people refer to a workflow, they often mean an implemented software or service that manages that business process for them. A workflow helps to eliminate the manual and repetitive tasks within a process, usually a document-heavy one. 

Topics: #Digitization, Organization, Documents, Paperless, Digitize, Efficiency, AP, Accounts Payable, Accounts Payable Automation, Workflow

On average, a document costs $0.08 to $0.13 to scan, making the cost of scanning a standard bankers box of documents about $250. However, the cost of scanning documents all depends on how many documents you have, the type and size of the documents you want to scan, and even more so by the level of effort it takes to prepare your files for scanning. Here are some other factors that may alter the cost of document scanning.

Topics: #Scanning, #Digitization, Scan, Documents, Digitize, Outsourcing

 

An accounts payable workflow is the automation of the end-to-end operation of invoice processing. It helps eliminate the manual and repetitive tasks within the process from document collection (paper or digital), to when invoices are paid. Workflows are essential to a consistent, accurate and efficient accounts payable (AP) process. When people refer to “accounts payable workflow” they often mean an implemented software or service that manages that business process. 

Topics: Automate, Efficiency, AP, Accounts Payable, Accounts Payable Automation, Outsourcing, Workflow

Every business, regardless of size, can benefit by the use of automation. It simplifies areas of a business by automatically accomplishing tasks that an employee would otherwise have to do manually. This is especially true for back office processes for small businesses. The Small and Medium Business Trends Report from Salesforce from 2017 surveyed nearly 500 small business owners and leaders and reported that “small businesses automating their processes in some way are 1.6-times more likely to be growing than those that don’t. Likewise, growing small businesses are twice as likely to adopt artificial intelligence (AI) as stagnant businesses.”

Topics: #Digitization, Organization, Backfile, Digitize, Automate, Storing Documents, Document Storage, Work From Home, Remote Access, Remote Working, Outsourcing

Processing invoices from intake through payment is not a profit center for any company. Because of this, many companies don’t spend much time, if any, optimizing this process.  Instead many rely on the age-old “this is how it’s always been done” mindset with no real measurement around it beyond “did it get paid in time.”  The best operations, however, are always boiling down each process to a cost per number. For accounts payable, that number is cost per invoice. When considering the options for AP process automation, it's impossible to determine if there is value in changing your current process if you don’t know what it's costing you to process an invoice today.  

Topics: #Digitization, Documents, Efficiency, AP, Accounts Payable, Accounts Payable Automation, Outsourcing

From the hiring process, to onboarding new employees, and even managing current employees, there’s a lot of paperwork and manual processes that can slow things down and make it difficult to keep your Human Resources department on track. Your success as a company is dependent upon your ability to hire the best possible talent, retain and motivate these resources and protect yourself from litigation and compliance issues. The best way to meet all of these needs is by using Recordsforce Cloud. 

Topics: Organization, Security, Compliance, Digitize, Automate, Efficiency, Document Storage, Human Resources, Cloud Services

A shared services center (SSC) is where back office functions, such as Accounts Payable (AP), are centralized. It allows a company to combine resources from multiple operating entities or even separate business units into one single layer center. For example, instead of having an AP department in every state or even country you operate in, you can have one regional or global AP shared services center. 

Topics: #Digitization, Organization, Automate, Efficiency, AP, Accounts Payable, Accounts Payable Automation

Hiring can be a difficult and complex process, especially when you need to hire a large amount of people in a short period of time. From scheduling interviews to sending rejection emails, it can be time consuming to track each candidate and where they might be in the process, especially in a time where the majority of the workforce is now remote. 

Topics: #Digitization, Organization, Paperless, Automate, Efficiency, Human Resources

Generally speaking, all businesses have the potential to be audited at some point and going through an audit can be an extremely time consuming and stressful process if you don’t have all of your ducks in a row. Auditors can require you to show a great deal of data and documentation and if that information isn’t readily available and organized, or if they happen to be stored incorrectly or missing, you could be at risk of being noncompliant and your business could face penalties. 

Topics: Storage, #Digitization, Compliance, Auto Dealership, Automate, Storing Documents, FDA, Quality, Regulatory