It is nearly a year now since the UK went into lockdown, although we have had a few breaks in the summer where restrictions were loosened, we are now back to where we were before, with the hope that the vaccine will give us hope that life will return to normal around Easter. However, realistically most medical experts believe the summer will be a time when normality may start to come back.
The big question is what does this mean for business? At the start of the lockdown companies reacted as best they could. Employees were instructed to work from home and the government gave help with a wide range of support including notably the Furlough scheme and bounce back loans. This position has been extended but will business be the same when normality begins to take place.
Predicting the future is difficult especially when the business environment is turbulent. Many companies are on their last legs and others are planning how they can gradually manage to restore their position with the years ahead. Will the office look the same? will people start to go back to work from the office again on a full-time basis? do companies want to retain large offices? and how are business going to work in the future, all leading questions that need to be considered.
Looking at how many people have adapted to working from home it looks like there will be some long-term changes even if we do return to some form of normality in the summer and this is where we need to consider making changes now to manage the position in the future. A strong competitive business has the ability to communicate internally and externally effectively and one area since this pandemic has taken place is the issue of communicating internally. With all the business processes from the accounts department, human resources, sales, order processing, sharing information across different departments, working on projects together collectively, storing information and accessing documents has been difficult. Yes, the Cloud has been a great help, although the biggest issue is finding all the information in one place, working on projects together, sharing and accessing information. Another area that has become a headache is compliance and security and although information is held in the Cloud it does not mean that the information is secure and compliant.
With the cost of running the business and survival being of utmost importance many companies are now looking at ways to reduce operating costs whilst maintaining productivity and having a competitive edge in the marketplace. Investment in the IT infrastructure has never been more important and many companies are looking at a Document Management system to streamline the business to make it far more competitive, as well as linking all their systems together, meaning information is available at a touch of a button, business processes are streamlined, ensuring that business processes are speeded up and the requirement for office space and employee resource is reduced, cutting the costs dramatically for the business and making the company more competitive with plenty of room for controlled growth in the future.
If you would like to look at ways of streamlining your business, whilst improving all your internal business process, then perhaps its time to look at our Document Management software it will put your business back in the driving seat for now and especially the future.