Column: My Perspective
From the November 2011 Issue
It never ceases to amaze me how quickly things change in my office. And as you know, it requires a steady vigilance to stay in front of change. I spend a great deal of time evaluating the efficiency of my staff and the consistency of strategies implemented across my firm. Both of these areas must be continually analyzed in order to apply necessary improvements to keep a firm and staff operating at peak productivity and effectiveness. I want to stress that it takes more than technology or process implementation to accomplish this. It requires a different type of skill — the ability to develop and implement sound strategies. To provide you with a sound example, this article focuses on my firm’s paperless strategy, as well as our strategy for portal implementation and adoption — both required to truly go digital.
Allow me to take a moment to differentiate strategy from process. A strategy is very different than the processes employed to support the strategy. They are closely connected, yet very different. Strategy, in my mind, is defined at a higher level — it is the overall plan required to effectively implement individual processes. I want to emphasize the critical need for strategy — a skill worth its weight in gold! To do that, let’s look closely at the strategies for going paperless and portal adoption.
We’ll start with the strategy for going paperless. As a profession, we have been hearing about a paperless strategy for the last decade or more, and it has continued to evolve. Initially, I viewed my paperless strategy in very simple terms — we’ll stop using paper. My firm’s strategy has since matured and includes the following:
- Reducing or eliminating paper files altogether.
- Collecting documents digitally from the source, instead of receiving paper and then “digitizing” documents later.
- Implementing smart technology that enables paper entering the firm to be transformed to digital immediately and effortlessly.
- Adopting a standardized file structure and naming convention for documents.
- Implementing a system to route electronic documents through the office.
- Implementing powerful tools to annotate and collate digital files.
- Adopting a system to purge documents quickly based on the firm’s document retention policy.
- Adopting an online system (portals) that supports a convenient and highly secure client document delivery platform.
You can see the evolution of my firm’s paperless strategy, moving from simply eliminating paper to sophisticated systems to create a true digital environment. This leads me to the next strategy — portals.
Realistically, you can’t talk about a paperless strategy without, almost in the same breath, talking about a strategy for presenting and collaborating with clients online. With that said, let’s take a look at what a sound portal strategy requires:
- Offering a secure, personalized portal for each existing and newly added client.
- Implementing a method for educating clients about the functionality and capabilities of the firm’s portal solution.
- Adopting a portal solution that makes it easy for the firm to manage multiple users, and allows users to self-manage (to a degree) their portals.
- Implementing a system that allows the firm to present information in a way that makes sense to clients, and allows the firm to easily manage the way documents are delivered to portals.
I could add tremendous detail to both strategies, but you should get the point. These examples are meant to help you understand the necessity of a sound strategy, and give you a starting point for developing your own. I hope this also helps you realize that without a proper strategy in place, you may be simply creating more chaos and upsetting staff. You must think through all the needed pieces and parts and build a strategy to ensure success.