As your business grows, you need to make gains in productivity and efficiency in order to keep your operating costs down. A labor-intensive process can only act as an impediment to future business growth. Here are some reasons why you should consider ditching paper if you want to boost your business’ productivity.
Become More Environmentally-Responsible
Businesses that are friendlier to the environment generate more goodwill from their customers. Using paper is a surefire means of harming the environment, even if your business recycles. The old adage of eliminating paper to save trees is actually true, and when you go paperless, you can feel better about yourself while looking good to your customers.
When a paperless environment is paired with the use of clean and renewable energy, you have the best of all worlds: preserving trees and not harming the environment through excessive power usage.
Paper costs you money. Not only does it cost money to purchase, but it also is expensive to administer because you need to hire people to manage the files. To help decide whether to go paperless, you should compare the costs of electricity and software versus the costs of paper and personnel. You could have the potential to save a lot when you switch to a paperless system. Also, you can streamline your business and reduce the amount of space that is necessary to run your company. Plus, it will be much less stressful without reams of paper cluttering up your space.
Paper can get lost. When you lose a record that is on paper, it is gone forever, and the damage to your business can be irreparable. Digital records exist in the cyber realm and can be backed up and restored so that they are never really lost. This reduces the risk of errors or data loss.
Digital information can easily be transferred without the risk of a mistake in transcription. In addition, going paperless enhances the security of your information; it is much more difficult for someone to steal your information when it is digital as long as you have the right cybersecurity measures in place.
Using paper for your business is an old habit that is costing you money in more ways than one. Consider eliminating it to the extent that you can and make your business more efficient and profitable.
Helping your business be as effective as it needs to be can be hard to do on your own. That’s why Moxie Bookkeeping & Coaching is here to offer consultation and coaching services to improve your business operation!