Finance executives in all organizations are being asked to look closely at their core processes. Two the main drivers for business process improvements are cost reduction and information security. Studies show there is great variation in the efficiency of financial processes. Bottom performers spend 2.13% of revenues on financial processes; top organizations only spend 0.57%. This cost disadvantage drops directly to the bottom line, making it difficult for organizations with paper-laden and inefficient financial processes to compete.
ISO 9001 certification -- technically ISO 9001:2008 AND ISO 9001:2015 -- is a must-have for most manufacturing and service companies. There are now over one million companies and organizations in over 170 countries certified to ISO 9001. ISO 9001 certification is increasingly required in subcontracts, especially by European multinationals.
There are a wide variety of business advantages to ISO 9001 certification.
Most organizations have in place a “CRM” or Customer Relationship Management system. A CRM solution is used to track customer information, customer documents, relationships, and potential deals. However, when organizations implement these systems, they often neglect a key issue – how to manage and organize the actual customer documents that flow through a CRM system – the raw material that actual creates value.
Between HIPAA documents, insurance forms, billing papers and patient records, the healthcare industry is buried in paper – and it continues to pile up.
How many moving parts does your organization have? As many as a luxury wristwatch?
When influencing so many central business components, exchanging any part for a new one means ensuring that all of the other parts continue working together just as well as a whole.
As far as the luxury wristwatch goes, “just as well” may be fine, but for organizations implementing an enterprise content management system, everyday efficiency increases are the aim. Of course, that isn’t easy.
A paperless officemakes working more fluid and productive because it eliminates manual processes and automates repetitive tasks. While a fully digital environment was once beyond the reach of most businesses, recent technology advances have made going paperless easier — and essential.
When properly implemented and configured, paperless office software helps people to quickly access the content they need, complete tasks quickly and then archive the file securely. It frees them from tedious, time-consuming tasks and the frustrations of not being able to find information.