Take a second to think about how many of your processes require paper. You have files and forms that contain all of the information that keeps your business running. Yet, what if your company could go paperless?
It’s not a pipe dream: digital transformation can enable your transportation company to go paperless. Read on to learn how the right technology makes that possible. Are You Ready to integrate?
The Cost of Paper-Based Processes
Companies have been using paper-based processes for years, even after the dawn of the Electronic Age. Paper represents the status quo, and we all know how difficult it is to change the status quo.
However, do you know how much paper costs your business each year? The average office worker goes through 10,000 sheets each year, which costs approximately $120. That might not sound like a large amount, but think about how many people you have in your office. Then, consider all of the costs associated with paper: printing, storage, and how long it takes to find information stored on paper – McKinsey estimates that employees spend almost two hours a day on average searching for and gathering paper-based information.
“Employees spend almost two hours a day on average searching for and gathering paper-based information.”
Paper wastes money and time. In the next section, we’ll discuss how a digital transformation eliminates paper-based processes for greater efficiency and productivity.
Digital Transformations Usher in an Era of Greater Efficiency and Productivity
A digital transformation means that you use technology to improve the reach and performance of your business radically. Many people misunderstand what “digital transformation” means; they think that simply implementing a new technology means they’ve undergone a transformation. That’s not the case if business performance or reach hasn’t improved dramatically.
In the following sections, we’ll discuss two technologies that can help transform your business for the better and let you go paperless:
- Data integration systems
- Enterprise application integration
Data Integration Systems
Data integration collects and integrates electronic transactions, messages, and data from internal and external systems and devices to a separate data structure so it can be cleansed, organized, and the right people can analyze the data.
With data integration systems, you bring together all of the disparate electronic information you have into one place. Hunting for paper documents (let alone creating documents) becomes a thing of the past. Data integration systems also make it easier to share information with trading partners.
Enterprise Application Integration
Enterprise application integration syncs apps, systems, and devices bringing all data into one place. It provides employees access to up-to-date, accurate information from systems of records.
Aside from the benefits to your company, enterprise application integration can help you seize new opportunities in the market. Some trading partners won’t do business with your company if you can’t transmit information electronically.
“Enterprise application integration can help you seize new market opportunities.”
Going paperless in 2021 can be an attainable goal with data integration systems and enterprise application integration. These two technologies help you achieve digital transformation. Integrate. Then Dominate.