Did you know your existing customers are also your prospects? When your business needs to increase revenue, look no further than your current customer base. According to Gartner Group, 80% of future profits come from 20% of current customers. It has also been reported that repeat customers refer 50% more people to your business than one-time buyers! Returning customers truly have the power to help drive sales in your business.
Whether your company manages 100 or over 100,000 business documents daily, there are sure to be challenges with manual processing. As multi-formatted documents are received, staff across various departments must quickly and accurately process their data. According to AIIM, on average, 44% of documents arrive as electronic records, however 59% of these will end up as a paper copy. This may include PDFs, faxes, emails, Word documents and Excel spreadsheets. Not only are processing times and accuracy considerable factors for a more efficient environment, but paper costs rise dramatically for unnecessary printing of digital documents.
Higher education is faced with the unique challenge of managing a never-ending influx of information. Each semester, new students arrive with applications, enrollment forms, course records, and financial aid paperwork, adding strain to an already stretched admissions department. According to AIIM research, the majority of higher education institutions in the U.S. are planning to use Software as a Service (SaaS) to control the information chaos. With no time to waste, around 30% reported a goal of implementing SaaS within the next 5 years. Of the institutions surveyed, 81.4% are looking to gain better analytics and improve the tracking of student enrollment and performance. Specifically they’re turning straight to document management software to accomplish all of their technology needs.
Minimalism, as a concept, is a tool that can be used to better serve the goals you’re looking to accomplish. Minimalism can be used for personal goals that range from minimizing the amount of needless things in your home, to the conscious evaluation of the value you put on objects. This practice allows you to better understand how you’ve become accustomed to an inefficient way of living and in turn, help you break out of bad habits. These same principles can be applied to the way you work. Whether you’ve already adopted the minimalist lifestyle and see its benefits, or you're in need of some clarity in your professional life, minimalism is the perfect place to begin. Let’s explore how minimalism can provide you with the tools you need to be successful in your workplace. The following key concepts will get you thinking.
Did you know that as of 2017, there are 59.3 million fantasy sports players? That’s about the size of California and New York combined! How many of you are a part of a fantasy sports league and have won a championship? Let me guess, you poured over stats and figures for hours to build the perfect team with the hopes of coming out on top. Did you know you can apply this same logic to your business strategy by leveraging real time data? This alone will make your business more profitable! Like fantasy sports, ECM software has evolved processes over time to streamline what once were paper-driven activities. Revolutionizing the way we do business, document management enables the automation of documents, from data capture, to routing for approvals. This allows adopters to save time and money by reducing the amount of space needed for paper and the amount of time searching for documents. Let’s explore how advancements in technology can support your interests as a fantasy sports player and a business professional!
If your business deals with paper in any capacity, chances are you can benefit from document management software. Document management at its core allows a business to better organize their documents and streamline current processes to boost overall business efficiency. Once you realize the benefits of document management software, the levels of efficiency do not stop there! When utilizing a built-in business process management (BPM) solution, you can further improve your document management strategy with the many capabilities of process automation.
Marketing Communications Manager at Square 9, Lauren Ford, participated in a guest blog post for a digital issue of The Imaging Channel. From inbound marketing tools to data-driven accountability tactics, Ford discusses the power of Sales and Marketing alignment and how to use this synergy to drive additional revenue.
Did you know the average consumer makes their way through 60 percent of the sales cycle before your sales team gets involved? Let me take a minute to explain. In the past, sales would have complete control over the information shared with their prospective customers. From product functionality to testimonials, if a potential customer had a question, they’d call sales. The problem is that’s not how it works anymore.
Is your business missing out on the many benefits enterprise content management (ECM) has to offer? According to AIIM, more than half of traditional organizations are implementing company-wide or departmental ECM software. So, what are you waiting for? Implementing a paperless process in your office can save you and your employees time and headache. To give you a better understanding, let’s explore the 4 C’s of document management software and how they are enabling businesses like yours to work smarter, faster, and more productive!
Have you upgraded your document management software lately? If not, why?! Staying up to date with the latest, cutting-edge enterprise content management (ECM) platform enables organizations to build upon their document management needs by making existing paperless processes even more efficient. Beyond new feature enhancements and functionalities that you care about, those organizations using the latest and greatest platforms become more adaptable to the direction of business technology. By regularly implementing the latest advancements in paperless office solutions, your business keeps its competitive edge with the newest innovations.
The new year is time to establish brand-new resolutions that will set you up for continued prosperity in 2018. But why stop at personal growth? Expand your thinking to include resolutions for your business as well! Business goals are just as attainable as personal goals, and when planned thoughtfully, they will put you and your business on a path to success for many years to come. Consider these simple document management resolutions and see what you and your business can accomplish in 2018!