![]() Now, multiply that by the number of purchase orders you process a year and that’s how much time you could potentially save with a paperless process.Ī paperless workflow streamlines work processes and drastically reduces document turnaround times. In contrast, companies that have automated this process have a cycle time of 24 hours. Your business undoubtedly depends on various forms to get work done - purchase orders, sales contracts, etc.īut how much time is actually spent on processing those forms?Ĭompanies that rely on a manual process for purchase orders have an average cycle time of 35 hours. Employees can submit paperwork and get them approved without having to wait days or even longer. Then, they have to send it to their manager for review, who will then send it to the finance desk for final approval.Īll that wasted time spent on passing documents back and forth for approvals could be better spent elsewhere.īy going paperless, you can make processes like travel requests more efficient. These forms typically need to be approved before an employee can travel using company expenses.Įmployees would have to print and fill out a travel request form. Let’s look at travel requests as an example. The most compelling reason for a business to go paperless is increased efficiency. Let’s look at why going paperless needs to be more of a priority, if it isn’t already. Traditional filing systems are expensive to maintain and they require physical access. But paper records may not be the best or most efficient option. Paperwork allows organizations of all sizes to get work done. What Are the Benefits of Going Paperless?
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