The idea of the “paperless office” has traditionally been centered around cost and efficiency improvements. But in addition to reducing your line-item costs for paper, toner, and other printing expenses (if it’s in digital form), you can also move information faster.
Reducing the use of paper in business can have a major environmental impact, too – in fact, a key tenet of a corporate environmental strategy should include digital document management. Paper isn’t going away entirely, of course, but you can greatly reduce the number of physical copies generated using digital document distribution and archiving.
The environmental benefits of going digital do not just stem from reducing the amount of paper you consume. Having a reputation for environmental stewardship is also a key differentiator for businesses, particularly those hoping to win mindshare (and business!) among millennials and younger customers. These customers consider a company’s environmental footprint important when making their purchasing decisions.
According to McKinsey & Company, more than 50 percent of executives rank sustainability very important to their organization, but just 30 percent say their companies have sought opportunities to invest in sustainability or embed it in their business practices.