The benefits of digital asset management (DAM), including RFID, are a hot topic these days. RFID applications are available for any sort of business. But owners and managers of organizations in the service sectors, from finance and law to healthcare and education, may think RFID is just an inventory tool for the retail and logistics sectors.
If you think your enterprise couldn’t benefit from RFID, think again.
- Asset Tracking – Ever notice how there are never enough chairs in the conference room? Furniture, laptops, and other work tools have a way of wandering from their assigned locations. RFID tags keep tabs on the location of these peripatetic items, as well as providing information on their age and condition. Office and facility managers can easily identify aging furnishings that need repairs or replacement, and pinpoint the location of every physical asset. Plus when inventory time comes, the RFID system can deliver a document listing the assigned value of each item currently in the facility, making financial reporting quicker and simpler. What is does it cost your business to update capital inventory records by hand?
- Personnel Tracking – In busy public settings like hospitals or schools, knowing the location of key personnel can save time, or even save a life. RFID-enabled personnel badges keep track of people’s movements and current whereabouts so no time is wasted when someone is urgently needed. RFID personnel badges work with an institution’s security system to manage access to restricted areas and maintain safety. And in emergency situations, an RFID system can tell first responders who is inside and where they are. What is the dollar value of RFID-managed security and safety?
- Document Tracking – We always advocate converting paper documents to digital documents via a well-planned imaging program; imaged documents are secure, shareable with teams, and save the real estate costs of large file rooms. But in many offices there are documents that need to be retained as paper even if they have been imaged. Paper files are easy to lose or misplace (one of the advantages of imaging), but with the addition of small, inconspicuous RFID tags, the location of a file can be tracked throughout an office. Doorway RFID readers monitor the movement of files from one room to another, and files can be located with a quick look at the tracking record. PricewaterhouseCoopers estimates an average of 25 extra hours to recreate a lost document; how much would that cost your business?
Keep in mind that RFID, unlike bar codes, doesn’t require direct sight lines to record and track business assets carrying RFID tags. Once items or personnel are assigned their unique RFID tag, doorway readers track their movements automatically as they pass from one room to another. And inventory updates can be as simple as walking into a room and pressing a button on an RFID reader. You’ll instantly collect data on all the capital assets the room contains; no need to look through cabinets and underneath furniture to read bar code IDs. RFID is a timesaver, and like its other benefits, that translates into money.
RFID systems come in many shapes and sizes, and can be scaled up or down to suit your organization’s needs. When you start adding up the costs of lost documents, lost equipment, and lost time, it’s clear that you shouldn’t miss out on the benefits of RFID.
Photo © virojt / AdobeStock
It’s time to wrap up this year’s business activities, and often it can seem like a mountain of paper has collected while you were tending to your organization’s core mission. To get a fresh start in the new year, you’ll have to deal with all those documents. Conquer the paper mountain by sorting documents into three categories: Scan, File, or Shred.
Scan It – Transform your paper documents into digital assets through a well-designed imaging program. Much more than a simple PDF document, imaged documents offer the advantages of secure information access, speedy information searches, and extraordinary space savings. The National Association of Productivity & Organizing estimates that a four-drawer file cabinet holds 18,000 documents. A single desktop hard drive can store the contents of 100 file cabinets. What could you do with all that extra office space?
File It – Certain original documents simply have to be retained in paper form. However, they don’t have to take up an excess of storage space. Offices can reduce their document storage footprint by 50% with a high-density shelving system that eliminates all but one of the center aisles between file cabinets. Add security features like biometric locks, and your one-of-a-kind documents won’t fall into the wrong hands.
Shred It – Is a document outdated? Or if it’s still relevant, has it been imaged? Or do you have multiple redundant copies of a document? If you answer “Yes” to any of these questions, you may not need to hold on to the original documents any longer. Shredding unneeded documents, like imaging, reduces your physical storage footprint. Take care, however, that your documents are shredded securely, so intellectual property, private information, and trade secrets aren’t exposed.
SmallBusinessTrends.com offers a number of ideas for office organization, including document management tips. Make your New Year’s resolution now to talk to a document management consultant in January, and next year you’ll avoid the end-of-year paper mountain. And if you’ve already implemented a well-organized document management system, you can enjoy the holidays without paper anxiety
Photo © Elnur / AdobeStock
Those bold, shameless porch pirates are out in force, appropriating delivered goods and selling them for whatever they can get. But there could be a different kind of “porch pirate” targeting your business – data thieves who trade in the business of stolen information.
Whether it’s package theft or data theft, it affects your bottom line. In cases of HIPAA violations, identity theft, or other unauthorized information releases, you can face costly fines and lawsuits. And your profits take a hit when you have to replace shipments that the customer never received.
When clients don’t trust your security, they take their business elsewhere. Fortunately, there are some smart storage technologies that boost security and reduce your liability.
- Imaging – Paper is often called an “ephemeral medium.” It’s easy to lose, easy to damage or destroy, and easy to steal. Document imaging shields your business from the liability of missing documents and information theft. The electronic versions of your documents are accessible only to authorized users. With the originals shredded or in secure archives, your imaged documents are safe in their virtual file cabinet. Those who shouldn’t touch your documents will not be able to lay their hands on them, quite literally.
- Smart lockers – Amazon was one of the earliest adopters of smart-locker technology. A customer’s package is delivered to a numbered locker with an electronic lock automatically set to a one-time combination. The combination is emailed or texted to the customer, who can then retrieve the package at a convenient time. Smart lockers are now cropping up in apartment complexes, in college campuses, and in business settings, eliminating highly insecure door delivery. It’s a win for the package recipients and a win for the business or the property management.
- Secure high-density storage – High-density storage systems are known for their space-saving attributes, reducing storage footprints by as much as 50%. Sliding on floor-mounted rails, these systems eliminate all but one aisle between shelving units. Their electronic locks eliminate something else: unauthorized access to sensitive material such as patient health records, legal documents, or intellectual property. Locks can be programmed to track access based on security codes. Biometric locks add an even greater level of security.
People are wising up to the ways smart technology can defeat porch pirates around their homes. Talk to a storage consultant who can help you assemble the right security solutions to keep the porch pirates and data thieves out of your business.
Photo © MStock / AdobeStock
Coworking space is a hot topic in commercial real estate. Companies like WeWork and Regus continue to lease more and more office space for the temporary use of their subscribing members. Even the GSA is looking at coworking space as a way to meet some of its space needs. However, coworking spaces can create process challenges for distributed teams and their managers. Imaging is the solution.
Statistics compiled by real estate service company JLL show the proliferation of coworking space, particularly in the past two years. The benefits of coworking office space are well-documented: few or no build-out costs, no long-term lease, tax benefits, and simplified telework. From a facilities management standpoint, coworking office space is an ideal solution to the need for temporary space.
For the occupants, too, the quality of coworking space has improved considerably since the early days when complaints about privacy and noise were common. Many coworking space providers are now reconfiguring their spaces to offer privacy pods and noise abatement.
One problem most coworking spaces can’t solve is document storage and information accessibility. Coworking offices are in the business of offering working space, not paper-document storage space. Document-dependent organizations struggle with their work processes if their teams are distributed in several widespread co-working spaces, without access to the paper documents they need.
Fortunately, there’s a solution for that: Imaging. Converting paper documents to digital documents makes those documents shareable. Distributed teams can have full access to all the information they need. Further, the converted documents are even easier to use than paper documents, since the conversion process makes them searchable – a key word or phrase can be delivered with electronic speed.
Converted documents offer a level of security and safety that paper documents can’t match, especially in a coworking environment where outsiders might have unauthorized access to confidential papers. With a database of imaged documents, managers can ensure information integrity by setting access permissions and tracking document usage.
Judging from the results of JLL’s study, coworking is going to be a significant part of many organizations’ real estate choices. If your enterprise is considering adding coworking spaces to your real estate mix, now is the time to put an imaging plan into action and add speed, security, and information accessibility to the other benefits of coworking.
Photo © Vladimir Melnikov / AdobeStock
Google, Bing, and all the other online search engines have raised the bar for information accessibility. We have come to expect, in mere seconds, the answers to queries that used to take many man-hours of research and compilation. Such easy access to data is a great time-saver for any business operation, and as we all know, time is money. But if your business operations rely on paper documents, you may feel there’s a lot of staff time spent hunting down data stored on paper, whether it’s a single document in a file folder, or a single sentence buried within that document. If you think it’s reducing your profitability to operate this way, you’re right.
Findability is the key to speeding up your document searches, and the best way to improve findability is to convert your paper documents to digital documents.
Imaging, also known as document conversion, is much more than creating a simple PDF. Digital e-documents are searchable and sortable. They are essentially “smart” documents, and because they are stored on a server, your data’s findability rate is as fast as a search engine. Instead of having to go look for data in a file cabinet, the data comes to you. It’s like having your own internal Google for your documents. And while Google’s documents are public, your imaged documents are accessible only to your authorized users.
Information is an asset. Likewise, your team’s time is an asset. When you improve document findability, you maximize the value of your informational assets. Your team is able to get vital information quickly, and everyone remains focused on your organization’s primary mission, with all the assets – information and time – working together to increase throughput. And as economists tell us, increased throughput will lead to increased profitability.
Findability could be your success tool to improving productivity and profitability. A document organization specialist will help point you to the right system for your enterprise.
Photo © pablocalvog / AdobeStock
It’s a horrific loss to cultural heritage whenever an iconic structure and its precious contents go up in smoke, like the recent Notre Dame fire in Paris. Notre Dame isn’t just an old historic building, a symbol of the City of Light. It held a collection of some of Europe’s most important Gothic and Renaissance art works, and unlike replaceable (albeit not original) architectural features, a number of those art works are now gone forever.
The lesson reaches far beyond libraries, museums, and other cultural repositories, however. Disasters, whether fire- or weather-related, almost never allow time for the protection of essential items, whether they’re works of art or vital business documents. Notre Dame reminds us that, no matter what sort of organization you’re operating, disaster planning makes survival and recovery possible.
A key element of disaster planning for any enterprise is deciding in advance what documents and other media must be protected, and how best to protect them. Fireproof files are one way to preserve paper documents, tape, and film. These insulated cabinets protect contents from temperatures up to 1700 degrees, for up to 3 hours. If the floor burns away, fireproof files can withstand a drop of up to 30 feet without damage to the contents, and during clean-up, their locking mechanisms prevent unauthorized access.
Document conversion (digitizing) or imaging is another way to guard against the loss of important media. For paper documents in particular, conversion offers multiple benefits. These processes create digital versions of your original paper documents, suitable for cloud storage, physical drives, or both. Regulated industries are especially concerned about the loss of paper documents, putting organizations in a non-compliant situation with no way to recover missing records. With important documents safely stored on remote servers, compliance is ensured even when offices are destroyed.
Fires strike more than 3,000 U.S. offices per year, with fire and sprinkler damage amounting to $112 million annually. FEMA estimates that 40% of businesses never re-open after a disaster. With so much at stake, it’s just good business sense to plan for a worst-case scenario, then put safe, secure storage between you and disaster.
Photo © pressmaster / AdobeStock