NIESR shows that the COVID-19 pandemic has exposed many startups to remarkably low-growth, low productivity for the UK’s poor productivity performance. And they can survive if they can develop in the early years.

And so, it’s high time you went for the productive plan with proper strategies.

Thinking of your new startup or measuring the productivity? Then, you just got the right catch. Before looking to and fro, take a glimpse of the best ideas and tactics here to increase your productivity with digital mailroom.

Here, we showcase the facts with some real-life examples that small to large business leaders face on average when calculating business productivity.

So, explore!

What is Productivity in Business?

Productivity is the measurement of business output ability com

pared to the provided input tasks. For example, your company usually performs 100 deliveries a day. And if there comes a day when you can complete 110 deliveries without increasing operational costs, that extra 10 turns out to be the productivity. Generally, the rule of thumb to productivity calculation is

Productivity = output ÷ input

According to Investopedia and other studies, almost all type of business productivity depends on 4 key factors such as,

• Land
• Labor
• Capital
• Entrepreneurship

These factors can have slight variations depending on different business types and strategies.

Below, we will see some digital mailroom benefits and how it associates your company’s productivity.

Increase Your Productivity with Digital Mailroom

As we mentioned about 4 key factors to productive growth, we will focus on the mailroom activities that can affect business productivity to a large extent.

You see, from time to time, Microsoft and Apple are developing different trendy and handy productive tools to offer long-term productive results regardless of personal and professional life.

Now let’s show you some significant ways to increase productivity with smart mailroom solutions.

Seamless Accessibility to Materials without Compromising Team Presence

Due to the Covid pandemic, small startups suffer the most for not having enough access to material support. On top, this pandemic has made people with no other option than work from home.

In such cases, getting access to arranged mailroom stuff can be the challenging one. Again research on 2021 businesses by Worldbank shows,

Only 35% of smaller firms have increased the use of the internet and digital platforms. And this smaller ratio is largely affecting long-term productivity growth.

So, now is the age to work smarter than work harder. And so digital mailroom can help you get access to all of your mail in one place.

For example, mailroom solutions like Exela features the built-in e signature, which allows you to edit and request a signature from one platform, no matter where you and your team work. You can access to each mailroom feature from anywhere, anytime.

Improves Scalability Leading Potential Growth

Scalability and profitability are two key goals of businesses. And these two are also interrelated. And the practical example of proper scalability implementation can be found from the world’s largest e-commerce site Amazon.

Amazon uses AI in every sector, from connecting and tracking customers to deliveries. And this largely impacts their scalable growth in establishing customer support, reputation, and target growth as well.

And so, scalable idea implementation is significant for business startups. And in this rapid tech-based era, nothing can compare to an automation system.

Nowadays, the electronic mailroom offers the features like an automation system to do all the stuff like mail selecting, drafting, and filtering out the important ones.

You might have to start your day by checking your expected emails. But with the smart mailroom ideas, you can start your day by giving your brain some relief with a sip on the coffee cup. And this can help you make more productive all day long.

A Fully Controlled Communication Channels

Keeping track of your team and workflow is another root of business productivity. And According to the principle of economics,

Productivity growth is closely linked to the average level of wages.

Do you need to track your mail every other day? What if you can get all the mails checked, scanned, and ready to deliver, whereas your team can pay attention to other productive works?

Yes, this can be possible if you use a fully controlled electronic mailroom service. Whether you need to deliver an urgent mail or forward a mail to be edited instant, the electronic mailroom can help you do these things in fast-track mode.

You see, using digital mailroom packages, your business can be productive and one step ahead. It digitizes the physical mails and makes them editable and shareable with easy and fast controlling encrypted features.

Automate Mail Routing System Improves Business Workflows

Recently, Forbes published an article on the techniques for increasing productivity. There, one of the techniques was not to do multitask.

Yes, it’s better to be pro in one task than good in multiple tasks. And who knows and implements this can reach target profit without spending sleepless nights.

Again, another research shows that

In education, people are using virtual stuffs to offload the administrative work from teachers and other staff, allowing faculty to spend more time teaching students.

In this digital-flow world, an automation system can only meet the rapid business demands to result in economic growth.

AI system mailing features can increase your workflow and improve business economic growth in the long run.

Improves Response Times with Customer Satisfaction

It is not always possible for one to be active all the time to reply to mails. And in the case of small startups, it is essential to improve the response time in the business earlier to gain customer satisfaction.

Again, the response time also decides how your company CSS (Customer Satisfaction Score) will affect in long-term progress.

According to the Survey Sensum report, a good CSS score can drive business success to a large extent. And this customer satisfaction relies on how fast your response time is for replies and processing transactions etc.

Digital mailroom benefits amazingly in this case. Automatic check deposits to invoice management all are in one place and work on the go with digital mailroom services.

Goodbye to Manual Data Entry Process with Multiple Revisions

One of the challenging jobs from the mailroom tasks is manually converting data into digital format to be ready for further use. It not only kills your valuable time but nerve-breaking attention to prepare an error-free document.

To err is human, and you can’t ignore that. Here is a graph for the biggest challenges surrounding CRM (Customer Relationship Management) shown by Statista.

You can see that manual data entry is found to be the biggest one among different challenges. And so small to larger organizations are heading towards automation systems for error-free and fast enough document processing.

Again, with the AI system used, you don’t have to worry about checking and editing the documents. Instead, you get ready to send documents without applying additional task force as well as additional time.

Exela mailroom system auto scan and edit a document, and the auto routed technology sends the document to its correct recipient. And all this can be found in one package.

Consequently, you can be more focused on other productive works without adding operational costs and lead a good productive growth in the business economy.

How Does An Increase In Productivity Affect Business?

We discussed enough with being more productive using digital mailroom for the small startups from the start. But can you really guess how this can affect your business?

Productivity depends on the smarter investment under the same operational cost and plan.

And among the 4 key factors of productivity, labor productivity impacts the most. Take a look at this US GDP (Gross Development Progress) forecast published on Morning Star.

It shows how an increase in labor productivity impacts economic growth. At the same time, manufacturing sectors faced around 0.8% of productivity drop, indicating an alarm to the global supply-chain crisis.

Similarly, for small to medium startups, a lower work rate meaning low productivity, can impact business with low profitability affecting business growth in the long run.

Wrapping Up

While the Russia-Ukraine war is bringing a threat to the supply chain, being productive in businesses can be the only option to cope up with the crisis to sustain business economic goals.

In such hard times, small to medium startups can rely on digital mailroom services like Exela to keep productive without breaking the bank.

With thousands of satisfied customers, Exela technology is proudly working to help meet the startup’s business goal.