3 steps to improving the employee onboarding process

3 steps to improving the employee onboarding process

A company's most important investment is its people. The cost of employee turnover is exceptionally high. In fact, a company can spend between 16-20% of an employee’s annual salary trying to replace them! That’s why so many companies are investing in technology that will enhance the first impression and streamline the HR onboarding processes that are proven to increase retention.

If you’ve only got (on average) 30 days for new hires to decide if their job has long-term potential, you can’t waste the investment on out-of-date processes, disorganization, or inaccuracies.

Even before walking through the door on day one, a new employee interacts with many people and departments within your business. It's easy for him or her to quickly assess your company’s level of organization—or lack thereof. Read on for three steps to you can take to start improving the employee onboarding process.

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4 key features your document management system must deliver

4 key features your document management system must deliver

As you evaluate document management systems, you’ll no doubt have a list of “must-haves” and a list of “nice-to-haves.” If you’re having trouble determining which items go within the needs vs. the wants lists, consider first the goals of your transition from paper to digital processes. Which gaps are you trying to fill? Which paper-based errors have cost you the most as a business?

Need some advice? We can boil it down to four critical features that you can put straight into your “must-haves” list. These document management system features will significantly impact your bottom line and efficiencies.

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3 major trends impacting finance departments in 2019

3 major trends impacting finance departments in 2019

Every year, the way we do business shifts, morphs, and adapts to current expectations. The finance department is subject to the same impacts, and in turn, sees emerging trends that impact processes year-over-year.

Looking toward 2019, we're predicting that these trends include the rise of automation technologies, greater conversation around data privacy and content management, and the ever-growing demands of a mobile workforce. Curious how these finance department trends will impact your day-to-day processes and decision-making in the coming year? Read on.

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Why is business process reengineering so popular?

Why is business process reengineering so popular?

Are you wondering why business process reengineering is a term popping up everywhere you turn? Here’s a refresher: the term, "business process reengineering," was coined in the early 1990s. It is defined as the radical restructure of organizations by focusing on the ground-up design of their business processes. It’s the full-scale recreation of processes as opposed to an iterative optimization of sub-processes. Since inception, it’s been a wildly popular methodology, and it hasn’t lost any steam in 2018.

Technology plays an enormous role in the implementation of business process reengineering. In fact, emerging technologies that automate labor and resource-intensive processes or eliminate obstacles for swift delivery or customer service have propelled business process reengineering into even greater popularity.

In the '90s, we were waiting for technology to catch up! But with machine learning, AI, workflow automations, and cloud technologies taking over core processes, business process reengineering is no longer just a concept.

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