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Hybrid Work Done Right: 4 technology investments for small & mid-sized businesses to make today You’ve survived more than a year of remote work. Now what? So where do small & mid-sized businesses start? This eBook will walk you through four key areas to focus on for a successful shift to hybrid work and the technology investments needed to support them. For most small and medium-sized businesses, there was no time to prepare an exit-strategy from the office in 2020 or OPERATIONS HR an entry-strategy for remote work: it was reactive, ad-hoc and immediate. Where some companies had the basics to enable a remote workforce, others simply didn’t and were Create flexibility Foster better collaboration left taking a patchwork approach to their most immediate & growth & culture needs. In spite of this, remote work was successful, and businesses, resilient. Now, as Canada’s businesses reopen, employers are again SALES IT facing tough choices about their work model. This time, as it relates to hybrid work – an arrangement that more than three-quarters of Canadians want once the pandemic recedes. However, according to a recent study by KPMG, Deliver a better customer Support anywhere 81% of those surveyed are concerned their company isn’t experience operations ready or equipped to manage it.1 1. Digitize as many processes as possible to But, according to a Salesforce survey, nearly half of Canadian create more flexibility and growth small businesses admit they don’t know where to start when it comes to these technologies3. When shifting to a hybrid work model, it will be important for core business processes to be flexible, remote and as That’s why small and mid-sized businesses should look for paperless as possible. Employees won’t always be working solutions that incorporate software and professional services, simultaneously online or in-person together, so remove so they don’t have to do it alone. as many manual obstacles as possible to make sure core functions can be digitized and streamlined. In the next 18 months of small business owners and entrepreneurs will invest in solutions that help: • employees work remotely 64% • automate core processes • and/or allow existing automation to be less dependent on human intervention.2 TECHNOLOGY INVESTMENT: DOCUMENT MANAGEMENT An all-in-one document management solution like Ricoh’s new Document Management Foundations is a great first step towards more digitized business processes like accounting, HR, sales or operations. With Foundations, small teams can create up to four electronic filing cabinets in which to store, search and retrieve information that would otherwise require paper documents and manual workflows. Learn more >> 2. Deliver a better, more profitable digital customer experience Employees weren’t the only ones affected by remote work – customers have also adjusted to a new, more remote and digital way of being served. And it’s not a bad thing! In fact, customer service has in many ways gotten better. Forrester’s Canada 2021 CX Index4 results indicate that the quality of customer 76% experience across Canadian brands remained stable and, in some of consumers were initially driven to digital cases, impressively improved during the pandemic – no small interactions with brands because of Covid feat to accomplish in the face of so much disruption. How did those companies do it? By doubling-down5 on investments in technology that simply made it easier and more convenient for customers to do business with them – something they’ll continue to expect even after the pandemic recedes. This means customers will be eager to have a blended experience that incorporates the best of both worlds: in-person and digital. They’ll expect fast, seamless and easily available service on the channel that’s most convenient to them – and small and medium sized businesses can make this happen without stretching their budgets. 57% As one of the most versatile and sought-after solutions during the pandemic, e-Signature will remain a must-have tool, for hybrid work will continue this behaviour because and, importantly: customer service they appreciate the value TECHNOLOGY INVESTMENT: E-SIGNATURE With an e-Signature solution you can meet your customers where they are, whether that’s remotely or in-person, and still get the deal signed, contract approved, or change order processed. It’s an easy and affordable way to invest in technology that not only elevates your customer experience (think: convenience) but also accelerates your time to revenue – making your business more profitable. You don’t just eliminate the hassle of signing contracts manually or in-person with electronic signatures, you also get the benefit of generating polished contracts and agreements that can be edited collaboratively to negotiate changes. Take Salmon Arm Savings & Credit Union for example: When it’s time to sign, your teams can count on a local banking and credit union in BC that, fortunately, had automated workflows to initiate updates and revamped their mortgage renewal process just months prior approvals so that nothing gets left behind. to the start of the pandemic. Customers and partners will appreciate the flexibility “Our process can now be done remotely, over the phone, and via and security of signing contracts from anywhere, electronic signing. We get the right paperwork, which is great for while your employees become more productive compliance, and the member experiences a fast and easy process with less manual paperwork. What’s even better is […] and the system allows us to continue to offer face-to-face that deals are closed quickly, agreements are signed meetings for those members who want that personal touch. It easily, and projects are completed sooner – meaning gives them the choice.” you get paid faster. Tom O’Connor, Vice President of IT Learn more >> 3. Foster better learning, innovation and culture According to Microsoft’s research6 collaboration in the traditional sense has never been greater: Collaboration has never been a more widely used term than it has during the pandemic: and for good reason – while the world remained socially distanced, colleagues relied on virtual meetings, video conferencing tools and chat more than anything else to get work done. And while this actually brought teams closer together, even from afar, interactions with distant networks have suffered Weekly meeting time has gone up 148% for Teams users significantly. This has created gaps in creativity and innovation as teams become increasingly siloed from one another remotely and knowledge-sharing becomes more difficult to achieve. For hybrid collaboration to successfully foster learning, innovation and cultural growth the way in-person work once did, businesses will need to be intentional about the 66% more people working on Office documents opportunities they create. Emails have increased by 40.6B 45% more Teams chats per person, weekly Without a plan to bridge these gaps, small & mid-sized businesses are at risk of: 2. Losing much-needed innovation 1. Not attracting or retaining top talent and knowledge-sharing 3. Stalling cultural growth The way forward can be as simple as redefining workspaces into collaboration hubs and combining interactive white boards with the right software. TECHNOLOGY INVESTMENT: COLLABORATION BOARD & SOFTWARE BUNDLES With Ricoh’s interactive whiteboards and software bundles, small and mid-sized businesses get an all-in-one solution that combines high-quality A/V features like built-in cameras and speakers with inclusive software design for a whole new group participation experience. Consider Ontario’s Peak Human, a holistic wellness Use the integrated software to encourage participants to clinic offering a range of health programs and services. share their ideas freely by adding notes simultaneously Founder and primary care physician, Dr. Sanjeev Goel to any document on screen. And spend less time getting instantly transformed his practice with a whiteboard technology up and running or toggling through digital and software bundle that helped to deliver a remote files, while also encouraging open feedback. Finally, share yet personalized and collaborative patient experience. compelling presentations that can include content in multiple formats from documents to video and audio without skipping a beat. “This has allowed me to really duplicate that in-person patient encounter without losing too Learn more >> much quality and patients are loving it.” 4. Support safer, more secure anywhere operations According to Something many small and medium-sized businesses StaySafeOnline.org, discovered during their rapid shift to remote work was the financial advantages that come from reduced physical 71 per cent of data space. But as more and more applications have shifted breaches happen to small to the cloud, there are some obvious challenges for businesses, and nearly businesses to overcome. half of all Canadian small businesses have been the With the average cost to recover from a security breach victim of a cyber-attack. estimated at nearly $27,0007 the savings made by being remote or even hybrid could very well disappear if data and network security aren’t properly supported. To adopt a truly functional hybrid workforce, in which employees can are empowered to achieve ‘everywhere’ operations, businesses must be capable of delivering TECHNOLOGY INVESTMENT: CLOUD SECURITY & DATA consistent, secure network access. That means having BACKUP SERVICES the right level of IT skills and support to perform regular If you’re not in the business of IT security and monitoring, patching and data backup activities. infrastructure, then you source a service provider who is – But what if small and mid-sized businesses don’t have because the demands of hybrid work will not ease up and that kind of personnel on staff? a do-it-yourself approach just won’t cut it anymore. That’s why Ricoh offers a range of as-a-service packages for Cloud, Security & Help Desk to keep your costs down while you leverage a team of experts. Whether it’s migrating to the cloud, managing your IT help desk, or keeping your hybrid work environment secure and protected, Ricoh can help. Learn more >> CONCLUSION A year ago, the average small and mid-sized business didn’t have the time to prepare a remote work strategy – today, the story and the landscape of technology solutions, is different. There’s a unique opportunity right now for businesses to seize this moment in time, redefine their processes, workflows and technologies and actually prepare for a shift to hybrid work. If your business has spent any amount of time working remotely this year, then you’ve likely already made some investments towards your hybrid strategy. Think: video conferencing, online collaboration tools, secure VPN access, and even hardware like laptops. But remote work and hybrid work are not the same thing. And it’s important to know that a true hybrid work strategy will go much further than simply the act of working remotely. With employee, customer and partner expectations at stake it’s no longer enough to just make-do. NEXT STEPS There’s never been a better time to plan for and invest in the future of work. Take a first step with an e-Signature solution, or a second and third with more comprehensive packages like collaboration boards, document management or cloud security – you can elevate your employee, customer and partner experiences while also benefitting your business. To learn more about what’s right for you, book a call with one of our Solution Consultants. Contact Us 1 https://home.kpmg/ca/en/home/media/press-releases/2021/05/canadians-like-hybrid-model-concept-workplace-reboot.html 6 https://clouddamcdnprodep.azureedge.net/gdc/gdcdf7xKv/original 2 & 3 https://www.itbusiness.ca/news/cisco-survey-accelerated-digitization-of-canadian-smbs-could-add-70b-to-countrys-gdp-by-2024/116379 7 https://www.microsoft.com/en-us/worklab/work-trend-index/hybrid-work 4 https://go.forrester.com/press-newsroom/forresters-canada-2021-customer-experience-index-nearly-90-of-brands-cx-quality-remained-stable-or-improved-during-the-pandemic/ 8 https://www150.statcan.gc.ca/n1/daily-quotidien/201020/dq201020a-eng.htm 5 https://www.forbes.com/sites/christopherelliott/2021/01/28/this-is-how-the-pandemic-improved-customer-service/?sh=28b95fa248dd 9 https://clouddamcdnprodep.azureedge.net/gdc/gdcdf7xKv/original
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