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.

The holiday season isn’t always a cheery time for your accounting department. Besides ensuring that your books and other documents are in order in time for the new year, your accounting staff has to help you keep track of your cash flow. This is a tricky task, to say the least, but one that can be simplified with the right paperless solution.

If you’re still printing out paper documents and storing them in bulky file cabinets, then you should consider investing in a document management system (DMS) instead. Not only are traditional, paper-centric document management processes inconvenient and unsecure, but they also cost a lot of money to execute and maintain.

In business, it’s crucial that you establish and maintain a good relationship not just with your customers, but also with your vendors. Besides time-tested habits like being honest and communicating effectively, new technologies that enhance the efficiency and accuracy of your transactions, such as accounts payable (AP) automation, can also help get your business on your suppliers’ good side.

G2 — one of the world’s leading peer-to-peer review sites — aggregates feedback from its community and other online sources, to determine the top business solutions in the market. PaperSave has consistently placed highly in G2’s rankings. Over the years, we have received multiple accolades that recognized not only our solutions’ extensive capabilities, but also their ability to address our customers’ needs.

Did you know that consumers are more likely to buy from companies that they perceive to have a positive impact on society and the environment? This means that if you want to boost your reputation and revenue, caring for nature should be part of your business strategy.

You can never go wrong with boosting your workforce’s productivity. There are different ways to do so and it’s okay to be creative. An effective approach is to invest in technologies that take repetitive and time-consuming steps off your staff’s plate.

If there’s anything the year 2020 has proved so far, it’s that change can occur at an unpredictable magnitude and frequency. It’s no longer a question of whether or not your business will be affected, but if your company is resilient enough to weather these changes and still continue to grow.

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.

When you run a small- or medium-sized business (SMB), you need to manage your resources wisely, whether it’s money, time, or something as mundane as paper. Investing in document management solutions with accounts payable (AP) automation solutions like PaperSave will streamline your processes, cutting costs and maximizing productivity as a result.