Long-term vision = Success with LotusLive technology
Megan Moyer 110000GJAE firstname.lastname@example.org | | Tags:  cloud_computing social_business cloud e-sign_technology
0 Comments | 3,742 Visits
By Colleen Burns
Who doesn’t like to save a dollar/euro/yen? Saving money can be a key factor in decision processes for many companies. But speak to any CEO or small business owner, and you’ll learn good decision making often involves more than just focusing on the bottom line. Good decision making involves long-term vision.
The State of Vermont’s Department of Information and Innovation (DII) was in a predicament many departments face these days – find a way to reduce spending and increase productivity. In order to do this, they recognized it would take more than choosing lower cost vendors or slashing part of the department. It would require transforming the way they operate.
DII handles more than 80 contracts a month – which requires a whole lot of paper shuffling and mailing papers around for signatures. Each contract could take weeks to get the proper signatures, correct mistakes and bring the agreement to close. Wasted time equaled wasted money. And the response time was not in synch with the direction of business – customers expect real-time responses, flexibility and transparency.
By choosing LotusLive with the Silanis e-sign technology, DII cut their contract signing from weeks to minutes. Secure online documents signing means they no longer need to mail documents around from office to office. Not only are they saving money by moving their process to a cloud collaboration model, DII began the transformation into a Social Business. They are providing real-time responses to potential vendors and the entire e-signing process is easy to track online, step by step. In addition, the move to a paperless system is an environmentally friendly decision that is also saving the department money.
I am sure DII could have found other ways to cut costs in the short term, but by moving to a Social Business model they are also preparing for long-term success.
For more information