Business Services Industry
Paper cut
Entrepreneur, March, 1998 by Heather Page
Imagine a business world completely devoid of paper. No stacks of the stuff cluttering desks. No filing cabinets brimming with invoices dating back several years - or more. No yellow stickies clinging to computer screens. This was the promise of the paperless office, which would rely solely on electronic means to generate, organize and retrieve business materials previously bound to paper. Most of us have given up this dream, realizing it's not realistic to wean our employees - let alone ourselves - off paper. And, let's face it, some processes just work better with a good old pad and pen.
There is a continuing movement, however, toward implementing more paperless activities around the office. By creating what's known as an electronic document management system, companies convert many paper materials, such as business documents, and faxes, into electronic versions. In its new electronic document or database format, the information is easily accessible to employees across a network.
An obvious benefit of implementing such a system is a hefty reduction in paper costs. Although the evolution of computers was supposed to reduce our reliance on paper, in most businesses, it's actually increased paper usage. According to information technology research firm IDC/Link, printing and copying expenses typically account for 6 percent to 12 percent of a company's annual revenue.
Yet the main benefit of adopting a more paper-free environment is increased productivity. A highly organized system that pools your business's resources drastically reduces the time spent finding information. Rather than having to hunt down a misplaced fax or search for a filed document, the data is readily accessible from your desktop. Document management systems also foster collaboration on projects because people can easily create, share and review electronic documents. What's more, employees can take better advantage of the wealth of knowledge that already exists in your company. "An electronic document management system allows businesses to reuse and repurpose information and work other people have already done," says Ian Campbell, director of collaborative and Intranet computing with International Data Corp., a Framingham, Massachusetts-based provider of information technology data, analysis and consulting.
Keith Parsons, 37, and Ed Krach, 35, have learned firsthand the timesaving benefits of a paperless office. The partners own a small technical training and marketing firm, Ryan, Parsons & Krach, in Orem, Utah. During the past two years, they've acquired four scanners, all connected to their network, which they use to quickly scan client data, magazine articles and technical journals into text for quicker input and sharing.
And that's not all. Electronic document management systems typically lead to improved customer service because they provide better access to information needed to serve clients.
PULP FRICTION
Originally, the idea was to use electronic imaging devices like scanners to turn paper documents into electronic versions. But now, companies are finding it more useful to create entire systems to collect, organize and retrieve all their electronic documents. Because of the significant expense and maintenance that's often involved, these systems are best for small businesses with large data needs or those wanting to upgrade certain departments, such as accounting.
The backbone of an electronic document management system is the software, which regulates the different versions of your documents, integrates documents from various sources - including e-mail, faxes and Internet downloads - and organizes them for easy access. One highly advanced program is IBM's Lotus Notes, a client-server solution that integrates most desktop applications, databases and mail programs into one system. Users can easily view folders and the documents they contain, create links to various document types - including Web pages - and even employ Notes Agents to automatically organize their information.
There are also electronic document management programs designed specifically for small businesses. The Paperless Office from Computhink is one of the most advanced, feature-rich programs on the market. The Paperless Office Network Edition 2.0 (starting at $3,000) is available in 5-, 10- and 25-user configurations and is compatible with Windows 95/NT environments. This user-friendly program allows you to organize, store and retrieve more than 100,000 electronic multipage documents.
The best reason to use a program like this is the powerful search capabilities it offers. The Paperless Office Network Edition employs a 32-bit relational document database system for finding and retrieving documents on the network. Users can search for information by keywords, dates and document types, to name just a few ways. Additional features include Xerox Textbridge Classic OCR software to turn scanned images into text; the software also stores and compresses files, and imports documents from any Windows application.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


