The Current Landscape of Paper vs Digital

The Current Landscape of Paper vs Digital

As the world embraces a digital future, many banks and financial institutions still utilize physical paper for completing transactions and internal processes. In this survey of senior IT decision makers from financial institutions, banks have almost unanimously stated that paper processes have had a negative impact on their business over the last few years, including notable losses in annual revenue. In addition to monetary costs, it is reported that the average worker is spending a significant amount of work hours just dealing with paper-based processes. So, if digital alternatives have clear advantages, why is paper still persistent in departments?

This report was conducted in Q1 of 2021 to study the overall impact of paper processes, the real and perceived benefits of using digital documents, and examines the top barriers to change.

Key Points:

The current landscape of paper usage in businesses
Top cybersecurity concerns created from COVID-19 restrictions and remote work
Top IT budget spends among financial institutions
...and more.

The Current Landscape of Paper vs Digital

VIEW THE WHITE PAPER

First Name*

Last Name*

Company Email*

Company*

Phone Number*

Country/Region*

State/Province*

Job Title*

By proceeding with this request you agree to the terms of our Privacy Policy and Terms of Service. We will use your email address to respond to your request. When you receive that email you will have the ability to choose how you would like us to manage your personal data.