As the calendar turns over to another year, I found Canon’s recent research (Office Insights 2018) into office productivity an interesting read.
As the president of a company that sells and services office equipment, I found two statistics encouraging for our own continued success:
One in 3 enterprises print more often than they did a year ago
43% of companies consider multifunction printers critical office technology to keep business running (the 2nd and 3rd most mentioned were laptops at 36% and smartphones at 30%)
As we continue to support our customers with top-of-the-line printers and copiers, those stats show that’s a winning strategy for us.
At the same time, digital transformation is continuing to gain traction as 40% of businesses are scanning more often than the year before.
Let’s dig a bit more into the research and what it means for your business.
As the industry has changed, so has Advanced Systems. We’ve been encouraging the shift to a more digital business for our customers. The automation that digitizing paper documents makes possible is going to be taken advantage of by more companies soon:
- 30% of IT budgets will be spent on document processing solutions over three-year’s time
- 43% of organizations are likely to invest significantly in software/document solutions to improve workflows over two-year’s time
If you act now, you can get a jump on your competitors by streamlining your business operations through paper removal -- we’ve been touting the benefits of document management and automated processes for years!
Serve your customers better. Automate and streamline your accounts payable and invoicing processes to ensure smooth cash flow. Stop wasting time on paper. Read about DM benefits here.
The barriers to adoption aren’t necessarily barriers at all:
Overall Cost -- DM and automation deliver ROI in 18 months (AIIM). IDC reported that DM can provide over a 400% ROI over five years. With returns like those, you’re costing your business money (and wasting staff time as they continually chase paper) if you don’t invest in DM.
Training - Regardless of a new IT investment, you should always budget the time and money to train users. Those who don’t often see their new IT purchase fail to deliver the expected benefits.
Security - Online solutions are as, and usually more, secure than paper.
Time to Implement - Complex solutions and business processes can take months to plan and implement. For many applications, implementation can be a matter of hours to days.
I do still find it incredible that companies ignore their printing costs. Only 46% of decision-makers know the cost to print a color page and only 42% know the precise costs of a monochrome print. However, 78% are concerned about wasteful printing (they should be!). One of the best ways to overcome print waste is through print rules -- read about them here and download our free print rules infographic here.
Companies everywhere are beginning to wake up to the power of digital. Don’t get left behind. Talk to Advanced Systems about the power of process and document management today.