The 3 ways YOU save money for your business by utilising software

01 August 2019

As we plunge further through the 21st century, businesses are ever-increasingly integrating the use of technology and software systems into their daily routines to reduce losses, boost efficiency, and keep profitability as high as possible.

One form of technology and software aiding businesses daily comes in the form of mobile apps, as companies embrace change and move to paperless protocols.

The paperless office has been much prophesied but hasn’t become industry-standard- even in our increasingly digital world. Many offices are still buried under piles of paper and stacks of files.

Going paperless, or even just implementing a system to cut down on the amount of paper used, is generally more in the category of spoken word wishes for a business, and not in the category of essentials.

At this point, let’s directly pose the question: Why should a business be running a paperless system?

 “To save money!”

 Below are 3 money-saving benefits to a business of making the shift to paperless:

1. Automation – save on salaries

Tasks can be carried out via technology, meaning the need for manual operation is gone. For a company, this can lead to significant savings in salaries and boost that all-important bottom line.

2. Efficiency eradicates mistakes – and paying to resolve them

Human error happens everywhere, but some comes with a greater cost than others. If that cost is very literal, and the price to pay to correct errors is coming straight of a company’s bottom line- then that human error could potentially lead to significant financial loss for a company, especially if it breaches a legal requirement.

With systems in place to remove human error the potential for losses, fines and corrections are greatly lowered.

3. Paper/Printing costs

Paper can be expensive to use for something so simple. According to one report, the average employee uses 10,000 sheets of paper per year, at a cost of around £80 and that’s just the paper itself- not including anything printed onto it. Add in ink, distribution of documents and space to store the files and that cost per employee is ever increasing.

With a paperless system in place, these ongoing costs simply cease to exist.