Why go Paperless, and exactly what does it Mean? (2024)

Most companies today are not completely paperless because they lack crucial components needed in order to do so. The four most important aspects of going completely electronic are: scanners, a document management system, large monitors, and lastly a unanimous decision by the entire staff to do tasks electronically. Since going paperless is a large investment you are probably wondering what the major benefits would be for implementing a solution like this? In this article I will explain how going paperless increases productivity, improves customer service, reduces operational costs, tightens security, and creates an environmentally sound company.

It seems as though every time you’re looking for a specific document it’s always in the last place you look, and to make it worse, at the bottom of the stack. With that said, companies can easily spend multiple hours every week looking for paper files. This results in time, money, and productivity being wasted. With a Document Management System in place this allows your organization to search for and retrieve documents instantly. You simply scan a document turning into an image file, and then convert the document into a searchable text image through the use of OCR Software. Once the document enters the system you can simply search a phrase, number, name, or date, and have access to the information instantly, thus increasing overall employee productivity.

In addition to increasing worker productivity, your organization will also improve its customer service department. How many times throughout the day do you need to tell a customer to wait so you can check on the document and get back to them? Sometimes you don’t end up finding the document right away and this can take a full day or two before you have the information available. Not a good situation for you or your company to be in. Now let’s re-phrase this to “Not a problem, Let me pull up the document now and check it for you.” This results in better service meaning an increase in sales and more satisfied customers who are spreading the word about your business.

Another huge benefit of going paperless is reducing operating costs. Paper files, folders, and cabinets all take up space or office rooms which end up being large expenses. In fact, most organizations state office space is second in costs right behind employee salaries. Scanning documents and importing them into a document management system would eliminate the issue and save companies money. No longer would you have to search for documents in storage rooms or pay for wasted space that paper is taking up. You can now fill the space with more employees and turn an expense into a profit. Alleviating storage space also coincides with increasing productivity and improving client service. No longer will time be spent on searching for documents, therefore the chance of having customers wait or missing calls decreases dramatically.

One of the most important aspects to a business is having the ability to protect important documents. Paper is vulnerable to many outside factors with the main two being physical theft and destruction from water, fire, and other natural disasters that can happen. Important documents can also be subjected to unwanted employees viewing them. When you scan confidential documents you can limit and restrict access to certain employees. This ensures sensitive information is not being seen by all. With document management systems in place your organization can also adhere to compliance regulations easily. When information is needed you have access to it instantly, thus avoiding any penalties against federal or state regulations.

Lastly, going paperless creates an environmentally sound organization. Digitizing documents results in fewer copies, less paper consumption, and it saves money on consumable expenses. Also, all the documents that you can now throw away including new copies can be recycled. Giving back to the environment helps the world and reduces your carbon footprint.

In conclusion, going paperless creates an environmentally sound and productive organization. You can increase employee productivity, save a great deal of money by decreasing wasted space, eliminate unnecessary time searching for documents, ease compliance requirements, and improve client service.

By Shane Hardy
All Star Software Systems, LLC

Why go Paperless, and exactly what does it Mean? (2024)

FAQs

Why go Paperless, and exactly what does it Mean? ›

Going paperless gives businesses the option to benefit from streamlined processes, cost savings and better security of essential documents. It can also play a role in addressing broader ethical and moral responsibilities that are important to consumers, such as deforestation.

What is the point of going paperless? ›

Going paperless allows your business to minimize costs for equipment such as printers and scanners as well as office supplies such as paper, ink, toner, paper clips, buttons, folders, and more. Becoming a paperless office can mean a lot of savings for your business.

What does "go paperless" mean? ›

Paperless is a term used to describe office environments with complete digital documentation, record keeping and filing systems. In a paperless office, computer systems are used to create, store, retrieve, and dispose of documents and records.

What are the benefits of switching to paperless? ›

Going paperless means you don't have to worry about printing, storing, or managing physical documents. All of these costs add up quickly. However, going paperless can boost the budget significantly. Digital files are easy to keep and back up, and you don't need as much physical storage space.

What are the pros and cons of going paperless? ›

To find out, let's look at some paperless office advantages and disadvantages.
  • Advantage: Save Money and Space.
  • Disadvantage: Resources are Needed for IT Management and Training.
  • Advantage: Boost your Security.
  • Disadvantage: There's Still the Potential for Cyber Attacks.
Feb 14, 2023

Why is going paperless a bad idea? ›

These situations highlight one of the biggest disadvantages of going paperless; without a printed backup of your files, your business operations will be put on hold. This is why keeping physical copies of documents is vital to ensure that you always have access to important data if technology ever decides to fail you.

What is the value of going paperless? ›

Reduce your impact on the environment

Did you know around 50% of business waste comes from paper? Going paperless could reduce your business waste by half. And this doesn't include printer ink and cartridges, staples, paperclips, cardboard/plastic packaging, stickers, folders etc.

What is the objective of going paperless? ›

Becoming a paperless office is a desirable goal for the majority of organisations. Doing so means reducing paper consumption and has the intention of saving a lot of money, helping the environment and speeding up business processes.

Is it possible to go completely paperless? ›

You can start going paperless by embracing technology. Start new good habits by not printing out documents and using an electronic signature tool like Docusign eSignature to get documents signed online. Start storing your documents in the cloud using Microsoft OneDrive, Google Drive or Dropbox.

What happens when you go paperless? ›

Paperless statements let you view a monthly account summary as soon as the bank makes it available, rather than waiting for it to arrive in your mailbox. An added benefit: Their digital nature makes searching through them a trivial task, even allowing you to search multiple months or years of records at the same time.

Is the government going paperless? ›

Using IRA resources, the IRS is launching an ambitious plan to ensure that by filing season 2024, taxpayers will be able to go paperless if they choose to do so, and by filing season 2025, the IRS will achieve paperless processing digitizing all paper-filed returns when received.

Should I go paperless at home? ›

Embracing a paperless home is not just an eco-conscious decision; it's a game-changer for your personal efficiency and space management. If you're aiming to cut down on paper waste, slash printing costs, or elevate your organizational game, transitioning to a paperless environment is your key to success.

Does going paperless save the environment? ›

Benefits Of Going Paperless

Crawling in a paperless environment will lessen deforestation and pollution, and the more is trees, the greater will be CO2 absorb. Less air pollution will reduce the emission of harmful gasses, slowing down the ozone layer's thinning and global climate change.

Can banks force you to go paperless? ›

The Protecting Against Paperless and Electronic Requirements (PAPER) Act protects access to paper bank statements through two measures: Requiring that banks give customers the option to receive paper statements. Prohibiting banks from withholding paper services unless customers switch to all digital statements.

Why are banks going paperless? ›

Banks, however, use large amounts of paper in their operations and customer interactions. Reducing carbon footprint in banking by going paperless has thus become a high priority for them. Paperless banking will not only help save the environment but also cut operational expenses.

Why are companies going paperless? ›

Not only does going paperless in the office allow your business to reduce spending on printer paper and other supplies, it can also save your company money by reducing the costs of storing and distributing paper documents.

What are the benefits of paperless statement? ›

Pros of Paperless Bank Statements
  • Less Clutter. Receiving bank statements electronically rather than by traditional mail cuts down on the amount of paper you need to toss or recycle. ...
  • Identity Theft Protection. ...
  • Quick Access. ...
  • Better Recordkeeping. ...
  • Fewer Fees. ...
  • Environmental Benefit.
Jan 30, 2024

Can my employer force me to go paperless? ›

The Federal Fair Labor Standards Act (FLSA), does not require an employer to provide pay stubs to employees. Rather, employers are required to keep accurate recordkeeping of hours worked and wages paid. Whether or not you can require paperless pay stubs comes down to the state the employee works in.

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