Many businesses look to the future to see what they need to do to change processes to help increase revenue and customer acquisition, but many fail to see what may be done to recruit potential employees. Electronic document management and imaging, as well as other paperless workflow technology, will likely help businesses appeal to the new age of workers.
The recent Money Mindset Index from Western Union Bill Payment found that 64 percent of Generation Y pay half or more of their bills electronically and 55 percent plan to do more of this in the next six months the Credit Union Times reported. Seventy-four percent said they prefer getting paperless statements for bills. David Shapiro, senior vice president, of U.S. products for the company, told the news source that a mobile strategy is also a great way to appeal to these younger workers.
“Although Gen Y is outpacing other age groups in adoption of mobile money management tools, and 21 percent have never written a check, they still embrace choice and flexibility in their bill payment options,” Shapiro said. “Leverage these channels to offer text alerts and email reminders, and become a partner in helping busy Gen Y’ers manage their finances and pay bills on time.”
One big reason why new technology should appeal to workers both new and old is the fact that it will save plenty of time in the office. Document management software from Binary Office offers the ability to easily search for works, phrases or numbers to find a document that may have otherwise taken hours to locate. This saves plenty of time and money in business operations.
Starting a paperless office
Forbes contributor Kate Harrison wrote that with the level of emerging technology, organizations now have more ways than ever to cut paper out of operations altogether. First, companies can make all internal documents, notes and letters electronic, since there are likely no rules for compliance or need for customers to ever see these communications.
After this, she suggests taking bills and statements paperless, utilizing electronic file sharing instead of sending sheets of paper around and using tablets and other devices in the stead of using printouts for meetings.
“Technology provides a host of smart tools to help your office reduce paper waste,” she wrote. “Every step towards a paperless environment will save you time, money, storage space and clutter.”