BLOG

SUBSCRIBE

Break Up with Paper

Paperless

Love is in the air. You’ve got your giant cookie, your See’s candy, your reservation at that overcrowded French restaurant, you’re totally set for a day of commercial romance.

But while you’re oohing and ahhing over your seemingly perfect love life, there’s a relationship that’s completely bringing you down.

It’s your sordid love affair with paper.

For years, you've heard about the advantages of the "paperless office." You've heard it so much that the term is instantly recognizable like other cliché terms such as "love at first sight."

Yet, despite the draw of “paperless” you’re still clinging to your long-term love. It’s a travesty! You’re stuck in the first act of a bad romantic comedy. And the role of paper is played by Bradley Cooper.

It’s clear that the lure of going digital has not abolished your paper bad habit. But we’re here to tell you that it should. Statistically, it costs more than $450 billion in employee salaries just to manage all the paper cluttering up your business. And cluttering up your heart.

It’s high time you break up with paper.

The Pain Points of Paper

The negatives of clinging to paper-based processes include:

  • Reduced productivity
  • Increased errors
  • Slowing down the speed of innovation and business growth

At the same time, digital solutions are more affordable and effective than ever. Businesses that continue on the path of manual processes will experience increased costs, the inability to offer a variety of service options, and will, overall, not be as effective of a service as those with automated workflows. For example, paper-based payment processes increase keying errors, lost paperwork, and bottlenecks in your organization.

The “Speed of Business” Conundrum

It’s a new year. Which means the speed of business is bound to accelerate. Organizations that stick with inefficient paper processes risk falling behind in fast-moving industries. The inefficiency of paper creates a domino effect. You’ll find that a mere lost purchase order form can affect warehouse efficiency, product production, financial discounting, and even customer service.

The Future is Digital

21st century businesses are now on the path of a more efficient, digital future. In the payments space, you’re seeing increased online solutions with the implementation of ACH, EFT, and eChecks. By just introducing ACH into your processes, you’re improving efficiency and ROI. ACH is far more efficient than processing your own checks, and you save immediately by freeing up employee time and eliminating the cost of supplies and postage altogether.

Robotics and Automation

Automation can save your organization money and improve efficiency. With the acceleration of artificial intelligence, robotics, cloud computing, and mobile devices, consumers are now more demanding than ever. They want the same seamless, efficient, and quality customer experience they get from the apps they use every day — and they want it now. Businesses that hesitate to digitize risk falling further behind their competitors that are on the cutting-edge.

You’ve been in a toxic relationship for far too long. It’s time to break up with paper, and fall in love with automation.

February 14, 2017
Kate Wilson
Social Media Manager, Bill.com
Kate is in charge of all things social at Bill.com. When she's not writing every type of content imaginable, she's drinking strong coffee and debating the use of the Oxford comma with her coworkers.