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.
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.
