Paper Processes: The Biggest Drain on Company Time & Money?
Are old-fashioned paper processes slowing your business down?
Research reveals nearly half will turn to paper-free solutions in 2017. More than 80 percent of small/mid-size businesses (SMBs) want to cut paper out of the way they invoice, report financials, manage legal and human resource forms, and handle other time consuming processes, according to a report from Coleman Parkes Research.
The survey of more than 1,000 companies in the United Kingdom, USA, France and Germany shows respondents expect to make the change during the next 12 months.
Nearly half (46 percent) of respondents confirmed that a significant amount of time is wasted on paper-intensive processes and 6 out of 10 view this as having a major impact on their bottom line. SMBs in Germany (51 percent) and the United States (50 percent) cited they spend the most time, followed by the United Kingdom (43 percent) and France (37 percent).
As SMBs prepare to digitize their paper processes, most will turn to experts for recommendations since only 1 in 5 respondents are aware of existing paper-free solutions in the market.
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