We’ve come to accept that data is the lifeblood of a business — that is, if managed, stored, analyzed, and synthesized properly. In fact, the International Data Corporation (IDC) has predicted that the total volume of data will exceed 160 zettabytes, or 1021 bytes, by 2025. And which entities do they believe are going to be creating and managing a majority of that data? That’s right — businesses.
Having strong leadership, a passionate volunteer base, and financial stability together can spell success for a nonprofit. However, there are other factors that can enable nonprofits to fully thrive. In particular, strategic communication and file management can pave the way for a highly productive, efficient, and competitive organization.
Cloud computing has without question made it easier to work from any location. However, remote collaboration still comes with a unique set of challenges. For example, some staff may find it difficult to communicate effectively with colleagues and clients online, while others may not know how to properly use tech for remote collaboration.
A document management system (DMS) can play an important role in facilitating effective collaboration in an organization. PaperSave, for instance, lets users organize all their documents and data in one place. Having a central repository not only makes it easy to store and retrieve relevant information, but it also speeds up workflows, improves accuracy, and provides round-the-clock access to files from anywhere in the world.
Now, more than ever, small businesses need to be cost-efficient, secure, and resilient. Let's take a look at today's business landscape, and see how a cloud-based document management system (DMS) can help businesses out.
What challenges do small businesses face in 2021?
Many of the challenges faced by small businesses this year are offshoots of the ongoing coronavirus pandemic and unstable economy.
Nonprofits have much to gain from investing in the right technology. Something as basic as having the latest operating system in your office computers, for instance, will not only shorten turnaround times, but also improve your cybersecurity. Considering how much paperwork nonprofits usually deal with on a regular basis, a document management system (DMS) should definitely be a must-have.
A document management system (DMS) is a sound investment, whether you want to boost the efficiency of your accounts payable (AP) process or maximize the security of your finance data. But with all the options available in the market, finding the best DMS software for your business is often easier said than done.
Although the accounting process has changed very little over the years, certain events can force accounting departments to adopt new ways of accomplishing crucial tasks. For instance, the COVID-19 pandemic has forced accounting teams to do their tasks away from the office.
Utmost efficiency is vital to any nonprofit’s ability to fulfill its mission and serve as many people and organizations as possible. Your nonprofit must also be efficient if you want to attract sponsors whose support is crucial for sustaining operations and fulfilling the organization's goals.
One of your New Year’s resolutions should be to go paperless. The past 12 months have been anything but smooth-sailing, especially for businesses, thanks in large part to the coronavirus pandemic. Investing in paperless solutions such as a document management system (DMS) is an excellent way to cope with 2020’s aftermath and enhance your business’s resilience to challenges that may arrive in 2021.
Why should you invest in paperless solutions in 2021?
A major bulk of the challenges your business will face in the next months will be aftereffects of the events of 2020. You need to go paperless for the following reasons:
1. To save money
If you want to conserve resources, a good way to do so without compromising quality or stability is to stop costly procedures in favor of cost-effective alternatives.
