Why Knowledge Management Systems Matter for B2B Software Companies
- 11 Min read
Eventually, every company struggles with organizing its data and information in one place. This place should be systematic, reachable, easy to use, and have a clear structure. To achieve these goals, many companies adopt internal knowledge bases.
An IKB, or internal knowledge base, is a database only employees and other authorized users can access. The goal is to have everything an institution knows and does in one place so everyone can access and use it.
In other words, it’s like a company-wide Wiki or customer portal, but for staff. However, a knowledge base is distinguished by two key characteristics:
Thanks to the internal knowledge base software’s versatile access control tools, you can restrict which workers have access to which documents and keep sensitive information from falling into the wrong hands. Data about employees, such as salaries and performance reviews, may be shielded from view by anybody outside the human resources department. The CEO’s most recent quarterly report is available to all employees. The LinkedIn article says, “Internal Knowledge Base acts as a center of all the knowledge that the team members have collected while they were in the team or the organization. The knowledge base allows team members to collect, organize, access, collaborate, and distribute their knowledge and information internally.”
There are several scenarios where an organization may benefit from having its repository of information:
1. Development
Because of the organization’s size or complexity, knowledge and best practices have dispersed. About 20% of an employee’s time is spent looking for resources inside the company or for coworkers who may assist.
2. Teamwork
Informational obstacles inhibit cooperation between different teams or departments that need to work together.
3. Education and induction
Learning and development programs may be fully optimized, or training modules may be dispersed across roles and divisions.
4. Consistency
There needs to be more standardization in procedures, and best practices are often disregarded.
Being placed on hold is everyone’s least favorite phone experience. More so when “just a second” stretches into many excruciating minutes while an agent searches for a solution. Now, picture the same agent having internal access to a knowledge base where frequently asked questions (FAQs) have already been answered and verified as accurate. When workers who interact with customers have to wait for data, the delay is communicated to the consumer, who becomes more frustrated as the waiting time increases. One of the finest methods to boost productivity and crank out solutions faster is to get rid of waiting around.
As helpful as an internal knowledge base is for customers, it may be an even more valuable asset to your staff. Everyone has felt like they were at square one when they first started at a new firm. A knowledge base is a present that continues giving long beyond the first day of work.
Do not waste time guessing at answers that already exist. Whether they need to know about employee benefits or holiday schedules, your staff can quickly get the information they need and get back to what matters: their job.
Frustration follows confusion, which in turn hinders productivity. Workers who are made to waste time going in circles to get what they need to do their jobs are more likely to grow unhappy and act rudely toward consumers.
An internal knowledge base streamlines finding solutions to issues, benefiting employees and clients. Although it does take some effort to keep an accurate knowledge base structured and accessible, the time and frustration saved by having a clear pathway for problem-solving more than compensate for the time and effort required to keep it that way.
Internal knowledge base software may store sensitive information about your work and bolster your current customer service abilities. Your company’s internal knowledge base may safely store all the confidential information you need, such as policies and payroll, eliminating the need to contact the HR department. That means less work for your HR department and less time lost as workers search for them.
Ad hoc methods of disseminating company news, in which each worker uses “their system,” are inefficient. It’s hard to keep that internal base up to date with the most current and correct information due to problems like duplicated effort and lost details. Here, you can find valuable tips on being more efficient.
If you have an internal knowledge base, you can be confident that knowledgeable employees have reviewed the content, and it is only available to the teams and individuals who have been granted access. You may be sure that the data you’re using has been checked for accuracy and can be relied upon because of this. It would be terrible to have to deal with a customer service issue by using an old-fashioned internal base you picked up from some former employee.
The client is the most critical variable in every business. Your consumers may never see the contents of your internal knowledge base, but they will undoubtedly benefit from it. Using a knowledge base, customer care personnel may respond more efficiently to inquiries, fix issues, and connect with customers in a kind and helpful manner.
The information in an internal knowledge base helps your agents provide clients with what they want—a speedy answer to their issues, whether they are providing real-time phone assistance or responding to a support request.
Though each organization can create its own, most utilize internal knowledge bases to document the information their workers need to accomplish their tasks effectively.
To facilitate smooth information exchange throughout organizations, recording data internally at the team level is also important. Customer service representatives, for instance, will require access to external frequently asked questions and customer usage data, while account management may require usage and finance data, and engineering will require anonymized usage data but access to engineering-specific tools and information that require their documentation.
In light of these varying demands, businesses must implement a knowledge management strategy from the top down while delegating day-to-day tasks like content development and maintenance to employees lower in the organizational structure.
1. It’s essential to recognize where and what the queries are. Conducting an internal audit is the first step in closing the information gap that may prevent your staff from performing at peak efficiency. Consider employees’ time in the onboarding and training phases, contact center wait times, and HR issues. To respond appropriately to questions, you need to know where most inquiries come from.
2. You should investigate your choices. While many internal knowledge base software products are available, not every platform will suit your company’s needs. Look at things like customer feedback, cost, and scalability. Write down the features you need, any suggestions from business partners, and any financial constraints that may restrict your choices.
3. Plan your moves strategically. The next step is to compare the finest internal knowledge base software choices with the requirements you identified in Step 1. Consider your top priorities, and then construct a list of the software features and functionalities you think will be most helpful in meeting those objectives. Integration should be a primary consideration. Ensure your tool can interface with your CRM or end-to-end customer support platform for maximum efficiency.
4. Fourth, decide on an internal base to store information about your company. After weighing your options and setting priorities, it’s time to take the plunge. It’s best to ease into new software when possible by taking advantage of any available trial periods. It’s a great approach to ensure the program you’ve settled on will suit your needs. You know you’ve discovered the right platform if it’s easy to implement.
5. Expand your horizons by acquiring new information and continuing to do so. Construction may begin after settling on a platform and getting it up and running. Since not all employees need access to all firm data, this will include establishing user permissions. Also included is importing all of your company’s data from its present storage locations, including individual brains. The finest knowledge base software will streamline the internal process of creating and organizing your knowledge base; you may even find yourself drawing on the provider’s knowledge base.
“Here’s my 3 secrets of creating a knowledge base for the team members:
To help you get started, here are some questions to ponder:
It may seem reasonable to solicit input from all team members, but it is preferable to appoint one or more individuals to lay the groundwork for your internal knowledge base. Having a more precise picture can help you organize everything in a manner that makes sense for your company.
Some topics to consider:
Internal knowledge bases are expensive investments that may easily be squandered if the first barrier to switching to a new system isn’t overcome. Instead, you should prepare for the tool’s rollout to ensure success.
You still need to arrange material that works for your team, regardless of how user-friendly the interface of the internal knowledge base is or how effective the search feature may be.
You should consider the design of the homepage or dashboard. Which types should everyone be aware of, and why are they crucial?
To what extent are preexisting categories sufficient for the content organization? Maybe one for each team or undertaking?
Over time, your knowledge base will increase, but you should also establish a basis with critical internal papers. To what will you contribute? Writing articles or papers that cover common concerns and subjects for each department is a bright place to start. Add a frequently asked questions section.
Get ideas for what to write about from staff; what information should be included in the company’s internal knowledge base? Contribute your suggestions for future articles to a shared doc.
In the preceding phase, you likely accumulated a wide variety of papers and files. For example, annual and sales reports are records that should remain mostly unchanged from year to year. Standards will be helpful for the articles you create, manage, and work on together. In your articles, remind team members to maintain brand consistency. You might adopt an offbeat, humorous, or straightforward tone depending on your target market. “A strong and emerging knowledge base can help internal and external customers, drive revenue and reduce costs,” says the Forbes article.
You can assign internal knowledge base experts or knowledgeable coworkers to update the collected articles to meet the new criteria.
Perhaps you’ve worked together in the past to improve the brand style guides for the internal knowledge base. Don’t forget to submit your materials if you haven’t already! As shown above, with the FuseBase tool, it is critical for the internal knowledge base to have the ability to file your brand assets appropriately.
Let’s call in the remainder of the staff at this organization now. Establish who can see what. Giving all users access to most features while protecting the most critical data is a simple method of managing user access on a large scale.
The internal knowledge base will benefit significantly from having an article collection contributed by staff once they have access to it. Start by having everyone add something they want to see in the internal knowledge base. As a result, they will have experience with the tool, and it will be easier the next time they want to contribute material.
Information becomes outdated regardless of how efficient the internal knowledge base tool is. As a result, it’s important to keep returning to the material and making adjustments as needed. For instance, you’ll want to revise the quarterly sales data every three months. Someone who isn’t designated to handle updates can slip between the gaps.
Building an internal knowledge base involves trial and error as you learn what works and what doesn’t. Users’ input is crucial for refining an internal knowledge base. Regularly poll your staff to get honest feedback on how well the system meets their needs and where it’s falling short. Then, you may use that criticism to gradually increase your internal information store.
Additionally, analytics may be monitored to provide information on the efficiency of an internal knowledge base. If customer service wait times remain as long as they were before implementation, more planning and optimization may be required within the customer service department to shorten wait times.
Including information from various channels is another effective strategy for improving your internal knowledge base. Sometimes, a visual demonstration is more effective than textual instructions.
There are several options available in most internal knowledge bases. You should give some thought to the following, among the most crucial questions:
After considering the above-mentioned facts, you can choose an internal knowledge base that would be a perfect pitch for your company. If you still have doubts, there is another solution. A professional collaborative tool can be a great alternative to a massive internal knowledge base.
Such software as FuseBase (formerly Nimbus) can become everything you are looking for. With FuseBase, it is easy to create online notes, docs, and wikis and customize them to meet your needs. Make lists and assignments, structure your data in the tailor-made view and share them with your teams or clients via FuseBase Portal.
Structure the company’s internal knowledge base with FuseBase!
Any decision you make is proper if the program you’ve chosen meets the urgent needs of your company.
We have covered some of the most essential internal criteria while vetting potential knowledge bases for your company.
While every one of them has potential value, there is one that is often forgotten about that might lead to significant expenditures after the fact. Here, individualization is the topic at hand. Because no matter how helpful a product is out of the box, it still has to be customized to your company’s specifications.
Before committing to it as the foundation of your company’s internal knowledge base, you should consider how flexible the technology is. Is it flexible enough to meet your current company’s requirements? Will it be scalable to accommodate future requirements?
We hope this article will help you answer these and other questions about the internal knowledge base and make your final choice.
Learn how FuseBse can help you with building up your perfect knowledge base.
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