3 Keys to Cutting Costs Through Centralized Knowledge Management
We all know the saying “Knowledge is Power”, and this still rings true today, but knowledge can also be analogous to “Time”. Whether it be time gained, or time lost, how quickly employees can access company knowledge translates into huge amounts of time, translating into huge amounts of money. In a season where companies are forced to maintain and improve services, while often cutting budgets, time (knowledge) management can be an overlooked tool that can produce dramatic effects to the bottom line.
Knowledge Sharing:
Organizations use knowledge management/sharing for both internal and external use. Some companies post answers to FAQ’s , company information, and even product manuals in knowledge base articles located on their company websites. Call centers typically use knowledge base technology to provide customer service reps the ability to search for and quickly provide answers to callers. And there are companies that simply have a corporate knowledge base for internal knowledge sharing.
Selecting the right Knowledge Base Tool:
There are many Knowledge Base (KB) software tools on the market today that are built to organize your company knowledge. You’ll need to develop specific criteria based on your needs because all software applications are not created equal. For example you will need to consider:
Getting Your Employees on Board:
Sharing employee knowledge is one of the greatest benefits of a KB System. Whether it be documenting company policies, or company best practices, getting that information out of the employee’s heads and into a centralized reservoir is essential. Letting valuable knowledge leave when an employee leaves is costly and unnecessary. With the knowledge base you can:
Companies whose Call Centers maintain statistics regarding the number of incoming calls and the average time per call are often able to see an immediate reduction in the “cost per call”. This quickly translates into increased efficiencies as well as proven Return on Investment (ROI). Once employees begin to see the benefits and how much easier their jobs will be, they will often quickly get on board and become huge proponents of the system. In the end, management gets a system that quickly pays for itself and the employees are pleased to be able to quickly access the data they need in order to do their jobs better and provide their customers the best and most expedient support possible.
About The Author:
Written by: Anne Sych, Marketing Manager for Novo Solutions, Inc.
Novo Solutions, Inc. is an Independent Software Vendor (ISV) in Virginia Beach, Virginia specializing in Knowledge base and Customer Support Software. Free trial versions of the Novo Help Desk Software, Knowledge Base Software and suite of web-based Customer Support Solutions are available. Contact: sales@novosolutions.com for more information. http://www.novosolutions.com/
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