Earth Day is this week and there are plenty of blogs, social posts, and news features on the benefits of conserving paper and other resources. Make no mistake, I’m all for the noble motivation of helping save the planet. I do my part.
But in business, it doesn’t hurt to save some money, as well.
Take a look at this Infographic “PAY-PER: Money doesn’t grow on trees. (No wonder it costs so much to keep using paper.”
The sinful costs of paper.
They say the devil’s in the details. Just look at the costs of staying paper-addicted, according to ForestEthics::
- $120 Billion a year is spent by U.S. companies on printed forms (which are mostly outdated in 3 months)
- Large organizations lose a paper document every 12 seconds
- More than 70% of today’s businesses would fail within three weeks if they suffered a catastrophic loss of paper-based records due to fire or flood
Luckily, those numbers don’t have to break your spirit. Departments of all types in businesses of all sizes can benefit from ditching paper for digital.
One step closer to heaven on earth.
According to the Association for Information and Image Management, two-thirds of companies who adopt paper-free processes report full payback within 18 months. DocuSign customers have historically beaten that number. For example, Centric Digital quickly ramped up to $200,000 in annual operational cost reductions. Yamaha lowered its physical delivery costs by 53%. And Alliant Credit Union cut nearly $300,000 in ten months.
To find out how, read “Why It Pays to Use Electronic Signatures.“
It’s not hard to be a paper angel in your office.
By eliminating manual, paper-based processes, every aspect of business – from HR to finance, sales to procurement – can enjoy greater security, improved efficiencies, and more satisfied customers.