A recent CompTIA press release showed almost 80% of U.S. companies are working towards a “less paper” office. We’ve been talking about the benefits of a paperless insurance office for years, but now the data is really starting to roll in. Advances in scanning and secure esigantures have made it easier than ever to convert to an all-digital office, where profits are 50% higher and revenue is 13% greater.
In the end, it all comes down to time and money. Going paperless saves you both.
See why your customers are calling for paperless processes in your agency.
Money in the Bank
Save the paper you want by not using the waste you don’t want. Converting to a paperless insurance office saves you cash by cutting costs on:
- Printer paper, maintenance, and ink
- File storage in your office or a secure archive location
- Postage to mail confidential information quickly and securely
- Wasted paper due to misprints or rough drafts
- Invoice processing and other paper-based accounting tasks
- Cost to cover paper-based data replacement due to fire, flood, or other natural disasters
- The average organization’s paper consumption grows at 22% annually, doubling storage costs every 3.3 years
- eSignatures yield an average savings of $36 per document
- Paperless billing and invoicing software can reduce processing costs by 29%
Hear more about why your agency needs to embrace paperless.
Efficiency in the Office
Going digital also means speeding up daily agency tasks, helping you serve more people, better. With a paperless workflow your staff can:
- Find relevant data faster
- Shorten transactions times
- Ensure higher accuracy of information
- Decrease E&O issues
- Share information faster
- Collaborate seamlessly
- Document issues account for a more than 20% loss in daily productivity
- Professionals spend almost 20 min each day searching for a document
- Looking for a document can waste up to 50% of the average professional’s time on the job
Get the step-by-step guide on how to turn your agency paperless on our blog.
Make the Paperless Transition with Partner Platform
The most important factor of paperless processing is that the cost and efficiency savings can be passed on to your customers, creating a better service experience at a lower price.
Make paperless easy for your agency with our Partner Platform agency management system suite. Our paperless document management capabilities, coupled with efficiency-minded integrated systems and secure infrastructure, make Partner Platform the most digitally-minded system on the market.
Find out more about Partner Platform and how it can revolutionize your agency. Contact us at [email protected] or 800.747.7005, Option 6 to find out more.
Sarah Deak has been contributing to the SIS team since 2013, covering topics like agency perpetuation, workflow improvements, data security, and marketing. She has a background in small business, working with organizations to improve their online presence and client engagement. Sarah also writes for the SIS newsletters and website, and counts herself lucky to hear from our many passionate, hard-working clients for our client stories. Her favorite part about working for SIS are the dedicated, service-minded people.