Keeping physical records is costly and takes up valuable office real estate. The consequences of bad information management and include: spending excessive amounts of time wasted sorting through messy filing cabinets, using valuable office space to store paperwork, paying premium prices for document storage, losing files, eroding communication between coworkers erodes, and increasing security risks.

Successfully digitizing and managing information addresses each of these issues and many more. Why not join the 21st century? Having documents converted to digital formats is relatively painless these days, and once it's done, you can access them anytime and anywhere — improving productivity by light years.

Sometimes attending a conference or spending face time with a client makes sense, but not all the time.

In addition to hotel bills, meals, mileage and airfare, little things like baggage fees, cab fare, tips and even ATM charges add up to real money over time. Travel is also a time sink that puts you behind on day-to-day tasks, making you feel overwhelmed when you return.

When modern collaboration tools like audio and video conferencing, interactive whiteboards and inexpensive voice over internet phone (VOIP) are available, there's no reason to spend so much of your time and money on travel. Take a look at your needs and choose the solution that works best for you.Fortunately, transporting your business from the 80s won't require a flux-capacitor-equipped DeLorean. The business equivalent of time travel can now be achieved by implementing a few simple and inexpensive technology updates. Your only regret will be that you didn't try it years ago.