5 Reasons the World Will Go Paperless by 2030

Jul 18, 2022

The fact that 2030 is 8 years away might seem alarming to some, but the truth is that it’s not too far away. We all saw how in just a couple of years, the pandemic pushed businesses worldwide towards new digital initiatives, if they wanted to survive. Yet the pressure to stay competitive through improving efficiency, better serving customers, and much more still remains. The recent changes in technology have made it easier for businesses to go paperless, and many have made the switch as they’ve come to learn about the benefits of having the right file transfer system. That’s why we’re confident in these five reasons that the world will go paperless by 2030.

1.     Reduced expenses

Your business can find significant savings by going paperless. Companies can save an average of $80 every year per employee on paper alone when they switch to a file transfer system. That estimate doesn’t even include equipment upkeep, ink, toner, or postage!  Add on the fact that manual paperwork can be huge time-suck that introduces manual errors, your company will save not only money but also time.

2.   Easier access to information

Gone are the days of waiting days or hours to get the information employees need in order to do their jobs. Today’s workforce is mobile, with many employees working remotely, making it even more important to give them easy and reliable access to documents, regardless of where they’re physically located. That’s why the right file transfer system should make it a breeze for employees to file documents, manage them, and retrieve them. In addition, the file transfer system should empower collaboration among employees and even with customers, underscoring the need to easily and securely transfer documents.

3.   Better for the environment

Customers these days are looking for businesses that share their values. As more and more people look for green initiatives, going paperless is a great way to help not only the planet but also your brand image and reputation. The average employee uses 10,000 sheets of copy paper per year, all of which takes a significant amount of water and wood pulp to produce. By reducing your paper consumption with the right file transfer system, your business can adopt a more sustainable approach that many customers will likely notice and appreciate.

4.  Greater cybersecurity risks

In 2020, people created 1.7 MB of data every second and by 2025, 200+ zettabytes of data will be in cloud storage around the globe (source). With more and more data created every second, it’s no surprise that cybersecurity risks and costs are projected to rise. McKinsey & Company predicts that there will be a 15% annual increase of costs related to cybercrime, reaching $10.5 trillion a year in 2025. The right file transfer system can protect your business and customers from cyber attacks. All businesses transfer computer files through communication channels from computer system to computer system, which is why the exchange of data needs to have zero opportunities that cybercriminals can take advantage of. By encrypting your data or requiring electronic signatures, file transfer systems can ensure that the delivery of data is secure and compliant.

5.   A prioritized customer experience

In a cutthroat landscape, the customer experience is becoming more important as businesses fight to differentiate themselves from their competitors. According to Forbes, 74% of consumers are at least somewhat likely to buy based on experiences alone, showing that customers prioritize experiences above price or product. Furthermore, the same study reports that 77% consider a business’s customer experience to be just as important as the quality of its products or services. By removing friction from the customer experience, the right file transfer system can smooth out any bumps in the customer journey. We define friction as anything that hinders a lead from completing the customer journey, such as a hard-to-navigate website or a long wait-time on services—the latter of which can be easily fixed by an efficient file transfer system! Imagine you’re a customer who needs to sign a simple loan document. But in order to do that, you need to create an account with a username and complex password, receive a verification code through your email, and then create three security questions. Just the thought of doing all that stops many customers from finishing the process. However, the right file transfer system gets rid of these complicated and unnecessary touchpoints. The ideal file transfer system will make it as easy as possible for customers to pay for your services or products, and the system will also work on a variety of interfaces such as mobile, browser, and email so customers can choose what works best for them.

The Botdoc Way

Don’t wait until 2030 to go paperless. A powerful file transfer system can do so much more than transfer files, bringing benefits to various parts of your organization. Botdoc is the first ever easy, remote, and secure file transport service that works via text messaging and email with end-to-end encryption. Our solution is always simple to use because the consumer experience is everything to us. With Botdoc, you’ll close transactions at least 50% faster with no pins, no passwords, no logins, no accounts, no apps, and no software to download. To get started today, simply schedule a demo and we’ll discuss how the secure “FedEx” of data can help you better manage your bottom line.

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