The Ups and Downs of Downsizing and How Document Scanning Can Help

2 min read
March 27, 2023

Table of contents

Downsizing is an often-difficult process that companies undergo when they need to cut costs or restructure their operations. One common reason for downsizing is the need to reduce office space and real estate expenses. When a company exists in a physical location for a long time, occupancy costs tend to skyrocket over time. The use of digital technology, however, can make downsizing more manageable and make the transition into a new office easier.

One of the most significant benefits of downsizing is cost reduction, which can be achieved by replacing physical documents with digital ones. Document scanning can help simplify the process of moving into a smaller office by eliminating the need to store and transport paper files. In addition to cost-saving benefits, document scanning also has the potential to help companies become more efficient and productive.

Digital documents offer several advantages over physical documents. Companies that use digital documents can access information from anywhere, anytime, and on any device, making it easier to work remotely. Additionally, digital files cannot easily be misplaced or lost, which reduces the risk of information loss. Digitally stored documents are protected from natural disasters and other types of disasters that can affect paper documents. In addition, digital documents can be organized in various ways that improve productivity and workflow efficiencies, such as using searchable keywords, tags, and other metadata.

In addition to cost reduction and better organization, digital documents can provide other benefits. Companies can use advanced search algorithms to find specific documents quickly rather than spending hours searching through hundreds of file cabinets filled with physical documents. Digital files can also be opened simultaneously by multiple users, providing greater flexibility in teamwork and collaboration among remote teams.

Several companies have already taken advantage of the benefits of document scanning in times of downsizing.

In one example, Johnson & Johnson consolidated six office locations into one facility after scanning thousands of documents, from records and receipts to financial statements and employee records. The decision saved the company millions of dollars annually in occupancy and storage costs while also streamlining processes as employees had access to information stored digitally.

To scan documents efficiently, some best practices need to be considered.

  • Firstly, records should be evaluated beforehand to avoid scanning irrelevant documents. 
  • Secondly, records should be digitized in a secure and efficient manner, ensuring that all documents are accurately indexed and tagged for easy retrieval.
  • Finally, a well-designed digital document management system should be in place, ensuring that documents are accessible and protected from unauthorized access.

In conclusion, downsizing can be challenging, but document scanning can help make it more manageable. Digital documents can boost productivity and provide cost savings through lower occupancy and storage costs. As companies continue to face uncertain times, the use of digital technology can help them stay lean and focused on the factors that matter most for business growth.

Moving offices? Want to ditch the paper? No problem! Get a quote to scan your documents!