PaperSave, Webiplex Docupeak, and Paramount Workplace are now part of PairSoft

Saving Space by Going Paperless

Wadih Pazos October 1, 2021

Saving Space by Going Paperless
Document Management
Blog
The various savings that accompany embracing electronic workflow can mean a lot to small business owners. These entities don’t tend to have a significant amount of capital to play around with, especially in the early years, so every cent that is saved can often go a long way.

When administrators craft a paperless document management policy, the most obvious savings tend to be in the everyday costs that are no longer there. For instance, when companies digitize and only rely on records that are housed on computers, they no longer have to buy paper or ink in bulk, nor do they have to jump to hire a repairman the second a printer malfunctions.

However, saving space can also have massive benefits for startups. They can convert the area once taken up by objects such as file cabinets into more seating, lounges and so on. Financial Advisor Magazine also pointed out that these developments can turn into fiscal savings as well.

The source stated that when California-based Harvest Financial went paperless, the company was able to save on rent. Administrators converted the cabinet room into more employee space, which recouped the costs and added to the business’ revenue. This same sentiment could also apply to firms that have to rent off-site storage facilities to house a large amount of documents.

An infographic released by Biz Tech Magazine also pointed out that the estimated savings each year at an eight-person startup can hit $10,000, while 370-worker companies can save as much as $1,000,000 every year. This is because employees can save time while searching for one specific record, space is conserved and there is often much better security on the electronic systems, thereby mitigating risks.

Wadih Pazos

Wadih founded both PairSoft and PaperSave. He is an avid technologist who specializes in streamlining operations and maximizing productivity.

View all posts by Wadih Pazos
AP Automation for Effective Document Management in Shipping and Logistics
Document Management
Blog

Leveraging AP Automation for Effective Document Management in Shipping and Logistics 

Sage Document Management with Pairsoft
Document Management
Blog

Revolutionizing Document Management with Pairsoft and Sage

AI Dynamics Document Management
Artificial Intelligence
Blog

AI-Powered Document Management Revolution: A Look into Pairsoft and Microsoft Dynamics

Simple solutions. Powerful results. Seamlessly integrated.

Get a PairSoft Demo