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Benefits of Digitising Documents

Learn about the benefits of digitizing your documents and how to do it.

As your business progresses from a startup to an established business, the volume of paper documents grows exponentially, and that stockpiled paperwork wastes space and is difficult to manage. One solution is to digitize everything; you can use digital conversion techniques to convert all of your business’s paper documents to electronic versions that are stored either on your own server or in the cloud. This allows you to manage documents more efficiently, without losing critical documents, thereby avoiding damage to your business’s credibility.

What is document scanning?

Document scanning, also called document imaging, is the process of capturing digital images of paper documents. The images of the physical documents are then transformed into a digital format using OCR conversion software. OCR, or optical character recognition, scans document images and turns them into text documents. This intelligent conversion allows documents to be searched with relevant keywords.

Editor’s note: Looking for the right document management system for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs.

What is document scanning for small businesses?

As a small business owner operating on a shoestring budget, you need to slash redundant costs. Having to search through a vast volume of paper documents could result in lost productivity, as well as require additional space to safely archive it all, and those recurring costs add up.

Document scanning can help small businesses avoid those challenges and, in turn, save money in the long run. You can entrust a document scanning service provider to have paper documents, microfilms, plans, maps, blueprints and other media converted to a digital format. In addition to saving space, converting documents to digital formats makes your documents more secure because you can save them as read-only files, decide who can access each file and encrypt the data.

Digitized files are also easier to access and navigate, leading to improved customer service quality, increased productivity, quicker retrieval of relevant information and alleviation of fear about damaging critical physical documents.

If you have sensitive documents, such as those with financial information, you can use a redaction service to remove sensitive data from the digital files after the paper documents have been scanned.

A data keying service may also be useful after your documents are scanned. This type of service verifies the accuracy of scanned documents and manually inputs information, assuring minimal errors. Data keying allows you to conform to digital data retention stipulations. You just need to specify your preferred layout or format for the data. Digital files can then be incorporated seamlessly into your company’s database.

After all of your paper documents have been scanned and rendered editable, the paper versions can be destroyed, with the exception of documents required for statutory compliance and other legal purposes. The service provider can shred sensitive documents in bulk.

What are the advantages of having scanned documents?

There are many advantages of digitizing your documents. Here are some of the benefits:

  • Share documents easily. It’s faster to share scanned documents digitally than to mail, fax or hand-deliver paper documents. Digitizing also streamlines the document-sharing process, which enhances efficiency and productivity. Digitizing allows many people and multiple departments to access the same document simultaneously, thereby improving collaboration.
  • Store information safely. Scanned documents allow for the safe digital storage of records. Digital files can be safely stored or backed up on remote servers that have high-security protocols in place. In addition, unlike with paper documents, there is virtually no risk of losing or misplacing digital documents, and you can archive and manage digital documents in a structured way.
  • Incorporate digital elements. Scanning allows information to be captured from paper files, films, tapes and other media. Information can be read from barcodes, RFID chips, QR codes and other inputs that can be scanned. The scanned information can be transformed for use with document management systems, enterprise resource planning software, management information system software, customer relationship management toolsand other business applications.
  • Save money and time. You can access and use all scanned documents with just a few clicks, meaning you no longer need to search through heaps of paper files or have a warehouse dedicated to storing papers. According to a 2015 report from eFileCabinet, the average organization spends $20 to file a document, $120 to search for a lost document and $220 to re-create a lost document.
  • Improve customer service. Digitized documents can be indexed with different metadata, which makes it easier and faster for you and your staff to find information and provide it to your customers.
  • Minimize storage space. You no longer need to maintain a separate office space for storing documents. Expenses related to storing paper files can be eliminated.
  • Meet compliance regulations. Some industries have statutory compliance norms mandating that certain documents be maintained in a digital format. With scanning, you can achieve this quickly and inexpensively.
  • Reduce paper waste. As documents are scanned, paper waste is drastically eliminated, thereby discouraging deforestation and saving money. You also save money that would be spent on paper for printing and shredders for proper paper disposal.
  • Increase file accessibility. All scanned files can be uploaded to the cloud or shared. That means anyone with the right credentials can access them from on-site or remote locations, and any information can be searched within editable files in a moment.

What are the different types of document scanning services?

Scanning usually involves using a scanner lens to capture digital images of physical documents. However, basic scans of papers aren’t very useful; because they’re just digital images, all you can do is view them. A reputable scanning service can help you build on the basic functionality of these files by adding the following features:

  • The ability to edit and mark up scanned papers
  • High-resolution images in both color and black and white
  • Different formats for storing at large or small scales

Here are the different types of document scanning services:

  1. Bulk scanning. With this type of document scanning service, high-quality devices scan large numbers of documents in one go. There is no need to handle each paper individually, so the time span of scanning is short.
  2. Large-format scanning. When the physical document is large, such as 54 x 72 inches, a large scanner captures superior-quality images. You can specify the color, size, resolution and file type of the scanned documents. Examples of such files include posters, maps and architectural plans.
  3. OCR scanning. You can get editable scanned files with support for edits using OCR scanning. The scanned file is not in an image format, so you can search for keywords. You can also edit text easily without affecting the original font style.
  4. Microfiche and microfilm scanning.This type of service converts data stored on tapes and microfilms to indexable digital files, making it easier to share, store, access and retrieve digital files.
  5. Off-site and on-site scanning. In off-site scanning, a service provider scans documents at its own location. However, if the documents are classified and sensitive, you need to choose a service that can complete the work on-site so that your documents do not get misplaced or lost during transportation. An authorized person can watch the entire process to prevent any information theft. However, on-site scanning can be slower and more expensive than off-site scanning.

What types of documents can you have scanned?

There is really no limit to the types of documents you can digitize. If you are starting from scratch to convert all of your paper documents to electronic versions, it’s best to prioritize the following types of documents:

  • Official correspondences
  • Financial papers
  • Contractual agreements
  • Medical records
  • HR files
  • Bills and invoices
  • Survey maps
  • Other large documents

After you digitize the documents with a high-quality scanner, the next step is to enter the descriptive information needed to identify files. Using intelligent OCR, you can transform scanned images into readable text, and retrieve, read and share them using different apps.

What are some document digitization and management services?

There are hundreds of document digitization services you can choose from based on your business needs. At business.com, we researched document management services to find the best options for small businesses. To do so, we examined several important factors, such as cost, ease of use and storage capacity. Here are the document digitization and management services we selected as our best picks:

  • Microsoft SharePoint. We chose Microsoft SharePoint as the best document management software because of its familiar interface and tools, including team site, which allows users to organize documents by department. It also encourages collaboration, because with authorization, users from other teams can view or edit documents within other team sites.
  • M-Files. We chose M-Files as the easiest-to-use document management software because it has a very neat and familiar layout, similar to the Windows File Explorer interface. It allows users to do most tasks from a central dashboard and has offline access. Its workflow automation tools also help you organize and assign tasks to the appropriate users.
  • Dokmee. We selected Dokmee as the best secured-document management software because of its impressive safeguards, including audit log features and round-the-clock data monitoring. All user accounts are encrypted and password protected.
  • FileHold Express. We picked FileHold Express as the best scalable document management program because it’s designed for growing teams. It can accommodate between five and 20 users, as well as larger companies through its FileHold Enterprise subscription tiers. Making the switch to these options is quick and inexpensive.

Here are some other popular document management systems:

  • eFileCabinet
  • Zoho
  • Templafy
  • DocuWare
  • Xait
  • Hightail
  • MasterControl

How to choose document management software

Before choosing a document management system, consider your business’s requirements for storage space, sorting and search tools, and security.

Also, think about where you want the system hosted. Do you want an on-site solution or a cloud-based document service that’s managed by a third party?

Look for a service that allows you to set permission restrictions on certain files, because this lets you control which employees have access to certain documents. Additionally, a system that stores your documents in the cloud is ideal because users can access files from any device with an internet connection – an especially important functionality for businesses with remote employees.

The best document management software allows your team to work and collaborate seamlessly. You shouldn’t have to use multiple programs to manage your paperless documents. Make sure your application has imaging tools that work with your scanner, customizable document-creation templates and tools that automatically format scanned files to match office or industry standards. Having a range of workflow automation tools is helpful, as these tools allow you to create, edit, review and approve all scanned documents for your business. You also want a system that lets you import a variety of digital documents, like PDFs, word processing files, spreadsheets and image files.

Why Small Businesses Need to Digitize Documents [Business]

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Technology

Uploading Powerpoint To Youtube

Putting a presentation on YouTube can be a great way to reach co-workers and customers, and it’s easy to do. Here’s how.

  • Reach more colleagues and clients by uploading PowerPoint presentations to YouTube. Share videos easily with no downloads required.
  • Make content engaging by adding audio and other enhancements to a PowerPoint presentation before uploading it to YouTube.
  • Simple presentations with eye-catching colors and fonts have a greater impact than slides filled with bullet points.
  • This article is for professionals and entrepreneurs who want to upload their PowerPoint presentations to YouTube for training or marketing purposes.

PowerPoint presentations have been a popular tool for decades, and they still hold power in the business world. From a small work meeting to a crowded TED Talk, there are many professional discussions and lectures made easier by PowerPoints.

PowerPoint presentations can be recorded and shared at a later date. By uploading PowerPoint presentations to YouTube, you can increase your reach to co-workers, clients or friends. Doing so also allows your audience to view presentations on their own time without missing any important information. Microsoft even does what it can to simplify this process, but you still have to follow a few important steps.

Here’s how to do it.

1. Record your PowerPoint presentation

The first step is to record your PowerPoint presentation so that once it’s uploaded, viewers will be able to hear and see the entire presentation. You can use the Insert menu to add individual recordings to each slide. To do this, go to Click Insert > Media > Audio > Record Audio.

To record the entire slideshow, go to the Slide Show tab, and select Record Slide Show. Then, choose whether to record from the beginning or from the current slide. This option will include all narration, animations and slide transitions in the PowerPoint video.

Click Slide Show > Record Slide Show > Start Recording

Once your presentation is fully recorded, it’s ready to be converted into a video and uploaded to YouTube.

2. Turn your PowerPoint presentation into a video

To upload a PowerPoint presentation, you must convert it into a video. That includes all of the media – narration, animation, pointer movements and slide transitions – that go with it. So, once the presentation is up on YouTube, viewers will be able to watch it as if they were viewing it in real time.

There are two main ways to convert a PowerPoint presentation into a video: saving the file in a video format and saving the presentation as a PowerPoint Show. The advantage of saving the file as a PowerPoint Show is that your presentation will automatically jump to full-screen mode when someone opens it. This is ideal for business owners who are looking to send their video presentation to certain people instead of uploading it to YouTube.

Video presentations are saved as Windows Media Video (WMV) files, while PowerPoint Show presentations are saved in their own PowerPoint Show format (PPSX).

To save the presentation as a video, select File > Export > Create a Video > Select Video Quality > Use Recorded Timings and Narrations> Create Video.

To save the presentation as a PowerPoint Show, simply save the file under a new format. Click File > Save As > Browse > Save as Type > PowerPoint Show > Save.

3. Add audio to your PowerPoint presentation

You can add audio to a PowerPoint presentation on a PC or a Mac. Audio options include sound bites, music and narration. Adding sound helps further engage viewers, especially if you’re including commentary like you would if you were actually presenting the PowerPoint slideshow.

While in edit mode for your PowerPoint presentation, follow these steps to add audio to a PowerPoint presentation on a PC:

Click Insert > Audio. Then, select Audio on my PC from the available menu options. All available audio files on your computer will come up in the dialog box. Select the file you want to add to the presentation and click Insert at the bottom of the dialog box.

Choose Audio Tools Playback to edit the options for the presentation. From here, you can edit options such as Fade, Sequence and Loop Mode.

Here’s how to add audio to a PowerPoint presentation on a Mac:

Click Insert > Audio. Select either Audio Browser or Audio from File. The former allows you to add the audio from iTunes, while the latter browses your computer for the correct file. Choose the audio file. From the Audio Format tab, you can edit options such as Loop Mode, Play Across Slides and Hide During Slideshow.

After you edit a presentation with audio, you can preview the results using the playback option. Save all progress before exiting the program.

4. Upload your PowerPoint presentation to YouTube

After converting the presentation into a video format, sign in to your YouTube account, and click Upload at the top of the page. Select the presentation video you want to upload, and then adjust the video privacy settings.

Once the video is uploaded, click Publish to make it viewable to others. Be sure to use a catchy title that best represents the topic of your presentation so the right audience can find it.

5. Share your PowerPoint presentation with co-workers

Uploading presentations to YouTube is a great way for colleagues and customers to learn about a business on their own time. It also can be a great way to advertise changes or updates to a business. Make sure your connections know where to find your presentation and encourage them to share it with their own network. Share the link on your LinkedIn page and social platforms, email it to co-workers, include it in an email marketing newsletter. There are many ways to market your presentation and increase its reach, so you can build a loyal audience and continue to post engaging content.

Tips for creating a good video

When putting together your presentation, you don’t want to do the bare minimum and hope it impacts viewers. Here are some tips for creating an engaging PowerPoint presentation video your audience will love:

  • Use simple visuals: Presentations work best when the visuals are simple. Don’t clutter the screen; embrace white space for improved readability. Limit pages full of long lists of bullet points. Instead, highlight only the most important facts.
  • Choose a theme that fits the topic of your presentation:PowerPoint offers templates, but you may want to customize one to avoid coming across as cookie-cutter. Remember that the use of color is important to convey messages. Cool tones, such as blue and green, work best for background colors, while warm shades, such as red and orange, are best for text and charts.
  • Include video clips and audio in meaningful ways:A crashing symbol between slides is more likely to come across as cheesy than engaging. Use engaging yet professional videos and audio clips that add to the presentation, not distract the audience from the topic. This includes narration, an explainer video that is relevant to the subject or simple transitions from slide to slide.
  • Remember your audience: The top tip for creating a good video is to always keep your audience in mind. Imagine the video from viewers’ perspective and allow that to shape the features you add.
  • Don’t overcrowd your slides with text: Using too many words on each slide will be overwhelming to your audience following along. Instead, include one-sentence summaries or bullet points (but limit them), then add audio commentary to expand on them further.
  • Tell a story: While you want to approach the presentation in a professional manner, don’t turn it into a lecture. Use anecdotes and engaging stories to communicate your message. Rather than talking to your audience, have a discussion with them — even if they can’t interact in the moment. Approach the entire presentation like a conversation rather than a lecture.

How to Upload PowerPoint Presentations to YouTube [Biznewsdaily]

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Technology

Why Stem Cell Stocks Could Be a Good Investment

Stem cell research has often been considered controversial. But over the last few decades great strides have been made, with the science community better understanding — and the general population more fully aware of — how adult stem cells (not just those residing in embryos) work. Indeed, with modern medicine moving beyond embryonic stem cell research and the frequent ethical conversations surrounding the use of them for medical treatments, fledgling biotech companies are finally in a position to actively pursue public funds; after all, it’s a lot easier to convince the public to support your work if you can prove it’s NOT as controversial an investment as previously believed. Take a look at four reasons stem cell stocks might be a good risk to take in 2021:

Worldwide Population is Aging

In 2018, for the first time in recorded history, there were more people over 65 than under five years of age. Furthermore, world population data projections estimate that “by 2050, one out of six people will be over the age of 65 years, and the number of people age 80 and above will have tripled. People are living longer, having fewer babies and traveling farther afield, causing shifts to global age structures throughout the world. Chronic disease is on the horizon, conditions that result from living longer and for which there will be an increased demand to treat. Since stem cells are the foundation of treatments aimed at ameliorating the effects of disease, injury and degeneration (often resulting from age-related issues) investing in their discovery and production could likely result in lucrative profits.

Modern Medicine is Moving Toward Regenerative Technologies for Routine Care

Now, more than ever, modern medicine is moving away from traditional therapeutic care, preferring instead to actually reverse damage rather than just treat symptoms of disease. What was once considered “sci-fi” is now becoming standard medical practice. Because of this shift, it is highly unlikely that stem cells won’t remain at the forefront of scientific interest since they play such an enormous role in development of curative care treatments.

FDA is Granting Increased Number of RMATs 

Perhaps in response to increased public and scientific interest in regenerative medicine techniques, the U.S. Food and Drug Administration (FDA) is granting Regenerative Medicine Advanced Therapy (RMAT) designations to more and more cell and gene therapy protocols. This means companies can proceed to clinical trials and possible public offerings with the fruits of their research; with federal regulations granting greater access to stem cell treatments, the time has never been better for investors to play a role in getting potential drugs and protocols on the market.

Stem Cells Improve Lives

Finally, investing in stem cell stocks is investing in human lives. Research proves the potential for stem cells to regenerate tissue. Clinics like ThriveMD, for instance, are using adult stem cells to treat common, yet still debilitating conditions. They are easing patients’ pain, making it easier for them to live healthier and happier lives. Who wouldn’t believe that to be a good enough reason to financially support stem cell research?!

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Professional AV Control Solutions Are a Wise Investment for Entrepreneurs

If there is one thing entrepreneurs’ value more than a good idea, it is time. With only 24 hours in each day, we know that we cannot be spending most of it dealing with small technical issues. That is why professional AV control solutions like neets.io is an incredibly prudent investment for those who conduct meetings with clients, freelancers, or employees. Neets takes away most of the technical issues from switching between physical and virtual meetings to save you time.

Neets Makes the Conference Room Much Smarter

If you have a conference room of any size, it can be a time waster to get it set up whenever you need to use it. This does not even factor in any issues that may arise that could prevent the meeting from happening at all. And, what if you want to use that workspace for virtual meetings? Is it equipped to be effective for what you need?

For those unsure, Neets can provide exactly what you need. For in person meetings, it will act as the brains for the conferencing room. It can turn on the lights the second you walk in, have your projector activated when you open your laptop, and share your display at the click of a button. It completely removes the need for cables and remotes and allows you to be more efficient with your time.

Moreover, Neets is also an expert in video conferencing. One of their signature products is Solvo. This product will allow you to connect to your favorite video conferencing application (Zoom or Skype), and be able to use all your AV equipment (projectors, lights, etc.), just by connecting a USB cord to your laptop. With this product, you can turn any small room into a video conference room in seconds.

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Technology

A Human Centric Approach For Digital Transformation

As a professional, it’s pretty easy to rationalize putting your into play today. Not only does it allow better productivity and cost-saving, but it’s also an essential strategy in the face of the current COVID-19 crisis and the resulting forced work/buy-from-home setups. However, making this shift is more than just setting up network security or ditching your printer. Your entire organization has to support the change, help everybody develop the new capabilities they’ll need, and understand the impact on the business’s culture or structure. And in this sense, successful digital transformation is 100 percent about people.

A catalyst for

Before the pandemic, leaders understood that digital transformation is inevitable, and they made definite plans for the shift. But those plans weren’t one-size-fits-all. Each business set its budget and pace based on industry and company specifics, and in a lot of cases, the strategy was a gradual progression to new tools and ways of operating.

Then came COVID-19. Things had to shift. With lockdowns and general social distancing measures from local and state governments, the physical office wasn’t doable for thousands of businesses anymore. Many companies had to pivot to a remote environment in just a matter of days.

There’s no doubt this was stressful for everybody involved. But out of necessity, people responded. They figured out what would work, at least temporarily, and they started to realize that their digital shifts didn’t have to be so gradual or wait. In this way, although companies worked with employees, partners, and stakeholders to increase digital adoption long before the virus hit, the pandemic served as a positive catalyst that helped make the shift to remote work much more rapid. With no other choice but to serve clients through a near 100 percent digital experience, they had to adapt quickly — and they did.

COVID-19 gave companies a massive push toward digital transformation. But now that we have had this initial push, it’s critical to keep moving forward. We must understand the gap between our companies’ current performance and capabilities and where they need to be in the market to stay competitive.

Perhaps the biggest secret to avoiding a backslide is the development of talent agility. Nick Gidwani defines talent agility in an article for Pathgather as “A company’s ability to change the composition of talent inside the organization quickly and cost-effectively. It takes into account all the levers that are needed to build and develop talent: Learning & Development, acquiring and retaining talent, and engaging them.” The more agile your talent pool, the better your business can constantly reshape itself to address new market challenges, offer new products and services, and fend off competition.

There are six key aspects of talent agility you must embed in your organization to sustain momentum with your digital transformation in the months and years ahead:

  1. Your people are embracing change. Although workers in some industries are more worried than others, Pew Research found that 65 percent of Americans expect robots and computers to probably perform jobs people do. A CNBC/Survey Monkey survey also indicated that over a quarter of workers (27 percent) say they’re worried that their job will be eliminated by in the next five years. Feeling threatened in this way is hardly good for morale or productivity. By providing assistance for digital adoption and helping them understand and take ownership of the change, you’ll control fear in your workforce and encourage collaboration instead of consternation.
  2. Your workload might have changed. Many companies are rethinking responsibilities and even adjusting the size of their workforces as they look to the post-COVID-19 future. So it’s important to help people recognize the part they’re playing and how they contribute to value creation and make sure that workloads stay truly balanced despite any reassigning that’s happening.
  3. You might need to upskill to address talent scarcity and skill gaps. Remote strategies and tools often require different skill sets than those employees might demonstrate in the traditional office or infrastructure. You might need to acknowledge that some or even all of your employees just aren’t equipped to drive recovery or accelerate growth. Ensure they have the training and opportunities they need to thrive in the new environment — rather than assuming they can no longer do the work.
  4. Your work culture might have shifted. Remote work presents new benefits and challenges that can influence your entire company atmosphere. As part of your ongoing retention strategy, work purposely to ensure that people aren’t afraid to ask questions or challenge existing ideas and that they all stay committed to similar values and priorities.
  5. You need to reinforce . The link between learning, engagement, and retention is clear: found that engaged employees are 87 percent less likely to leave their organizations. You will need to find new ways to ensure that people are interested and happy even when not in the office and subsequently want to participate in work activities.
  6. Your workforce is diverse and cross-functional. Leaders used to think that homogenous teams were easier to manage. But similarities among members created biased patterns of problem-solving. Developing talent agility requires cross-functional, collaborative teams to be the norm and abandoning the silo mentality.Some degree of employee pushback during a significant change like the current digital transformation shift is normal, if only because there’s some comfort in what’s familiar. But there’s no going back. The world is changing and evolving, and it’s up to us to change with it. To come out ahead, rather than letting the pushback overwhelm or control you, intentionally build a customer and employee-centric culture that allows you to pivot based on needs.