Paperless solutions save your business a lot of money, not only by reducing your dependence on paper but also by eliminating costly mistakes like misfiling and duplicate payments. But their benefits go beyond these. In fact, adopting a paperless approach is one of the most effective ways to improve your customer service.
For businesses and company segments that handle traditionally on-site and paper-centric processes, the stay-at-home and social distancing orders resulting from the COVID-19 pandemic posed significant challenges. Accounts payable (AP) teams, for instance, faced possibly longer turnaround times, not just in processing but also in approving invoices.
A good reputation can take your business places. It can help attract new customers and keep existing ones loyal. One of the best ways to develop a positive reputation for your business is to implement strategies that improve customer relations, make life easier for staff members, and support a good social cause.
Paper-centric processes take too much time. After they are encoded and printed, paper documents have to be copied, organized, and stored. If they’re needed somewhere else, they need to be shipped through courier or regular mail. Depending on how far away the recipient is and the method of delivery, shipping can take several hours to several weeks.
The coronavirus pandemic and the lockdowns imposed to control it proved just how limiting and inflexible the traditional office setup can be. As the world faces a new normal, one in which workers aren’t tied down to their office desks, you must invest in technologies that let your staff be productive wherever they may be.
Making decisions that directly impact your company’s stability and growth is hardly a walk in the park. To become a truly effective business executive, you should not just possess the appropriate skills and experience, but also have the right technology at your disposal.
Running nonprofit organizations like charities, foundations, and volunteer groups is anything but easy. They need to be efficient, compliant with government regulations, and accountable to the people they committed to serve. Limited funds and staff, however, can make it difficult for nonprofits to meet these requirements.
Downtime caused by man-made and natural disasters, cyberthreats, and other unplanned incidents can take a huge toll on your company’s revenue and brand. And the longer the delay, the more money you stand to lose. Developing and implementing a business continuity plan helps your company manage and address disruptions effectively, and keep it operational.
Enterprise resource planning (ERP) systems have countless benefits. By unifying data from key areas like finance, accounting, human resources, and the supply chain, ERP software can steer your company toward the right direction
Most of today’s ERP systems are modular in structure, allowing you to integrate various tools to answer any specific need your company may have.
Paper-based document management processes have been around for years, but they’re no longer the most efficient and economical way to handle your invoices and other financial documents. To save money, try PaperSave's accounts payables (AP) solutions.