Business is full of risk and yes, I CAN live with it. In fact, having a risk management approach to your business can be hugely beneficial. Once you have identified the risk and calculated the amount of risk, you can either assume or avoid the risk. If you assume the risk, then it is imperative to navigate or manage that risk.
Most businesses manage a variety of risks usually around customer, vendor, market or government. Lately that has expanded to include environmental and social media risk. It turns out that beyond being excellent tools for improving efficiency and enabling remote work, document management and workflow are risk management tools as well. Here are some thoughts on how the two work together and how these tools will help you Identify, Calculate, Assume and Navigate the risks to your benefit.
Continue reading “Risk – Identify, Calculate, Assume, Navigate”
How can artificial intelligence (“AI”) help you? Cleaning out the garage or basement? Reorganizing your closet? Organizing your family photographs? Some readers are experiencing anxiety just reading those words much less actually trying to complete those tasks. But AI is not going to help in those scenarios.
Here’s another anxiety generator – reorganizing and cleaning out your company file server. Imagine how good that would feel, especially if AI did it all. Sorry, but that is not likely to happen either. At least not on its own. But you if you want to achieve the significant benefits of well organized, accessible information, here are some tips for such a large, complex project.
Continue reading “Wow that’s messy”
How can it be that there is both magic and madness when it comes to implementing workflow? The magic is when you experience the efficiency of a successfully completed process – the approved budget, the signed contract, the approved scholarship. The madness is getting to that point.
Getting a digital workflow process designed and implemented is fun for people like me who love the challenge of figuring it all out. But it can be complete madness for others as they work to define the real process and consider options made available by the technology. If you want the magic and to avoid the madness as much as possible, follow these steps.
Continue reading “Magic and madness”
What’s the core record for your business? The order, contract, application, evaluation, presentation and subscription all come to mind. It doesn’t matter if your business sells cars, office space, ideas or medical services, there is a necessary recording of the transaction and end product to the transaction.
The progression over the past 30+ years has been to devise ways to make the recording, tracking and documentation of your business as streamlined as possible. That entailed digitizing that path. But digital data isn’t always what it seems and therefore the support for the transaction is still a key component of every business. What is your key Record?
Continue reading “A record of the truth”
The paperless office concept has been talked about for years. In fact, at least for all of the 25 years that Millennia Group has been in business with that as our focus. But, here we are and our facility is full of boxes of paper documents that our clients want scanned. And more boxes arrived today.
But now the concept is no office, not just no paper. So if there isn’t an office, that pretty much means no paper, right? What else does it mean?
There is scanning work to be done. If there was an office and now there will be no office, then any legacy paper files will need to be scanned. This is achievable with either internal or external resources. Scan, verify and then destroy the original paper documents. Unless those paper documents happen to be negotiable securities or documents that are legally required to be in paper form. Keep those somewhere safe. This effort is probably long overdue anyway.
Continue reading “Is this the real end of paper?”
You or your co-workers have been away from the office for a long time now. What are you missing? That is not a question about certain people or favorite lunch spots. It’s a question about information. Has this experience exposed deficiencies or nurtured already advancing digital processes?
Some companies are finding that there were still some hard copy documents that they needed access to. Maybe it was just random documents that were slow to enter the digital realm. These are the documents that come in to certain people directly, but take a long time to become digital and accessbile to all. Maybe it is a certain type of document like drawings or archived customer files that have been more difficult or costly to convert. It may be time to re-evaluate the cost benefit of getting those documents scanned or implementing a centralized digital mail room.
Continue reading “Yep we need that”