Businesses are becoming hyper-competitive these days in this competitive world. All that is mandatory to succeed is to be followed by default. But still, from time to time, we feel something is lacking. As the business companies start to grow in size, knowledge preservation and knowledge organization become a top priority. Aknowledge management system(KMS)for your organization is a must-have embodiment to achieve greater success in thecustomer support system and to make all business processes more effective.
Table of Content
- What are Knowledge Management Systems
- Understanding Internal and External Knowledge Management Systems
- Why do you need a Knowledge Management System
- Tips for Choosing the Right Knowledge Management System
- Examples of Knowledge Management Systems
What is Knowledge Management Systems
Knowledge Management (KM) is an inevitable task or practice for any learning organization, and it is “the process of creating, sharing, using, and managing the information of an organization”. This definition of KM implementation usually includes 3 stages: Accumulating, Storing, and Sharing Organizational Knowledge.
Any organization has a lot of information, that it is not aware of, and thus is not managed properly. Some types of knowledge that can be easily found in your organization are:
- All formal documents like SOPs, OnBoarding Checklist, etc.
- All financial statements like total earnings, primary sources of those earnings, biggest expenditures, etc.
- Collaborative documents like sales pitches, Customer Service conversations
- All information stored in the database, through notes, and memos
- Knowledge gained through years of experience of your knowledge workers
- and so much more
All of this information that is found within your company that fits between IT systems and organizational best practices needs an expertise management system so that you can make the best value of all that you already know. This is where knowledge management software comes into play.
International Data Corp. estimates that in any organization in which staff members are trying to find information, 70% of them can’t find the information they are looking for, and Fortune 500 companies lose at least $31.5B in a year by failing to share known information.
With the right knowledge management software, you also get to provide permission-based access and restrict access to search engines and crawlers, depending on how much information you want to share, and with whom you want to share it. This helps businesses to organize the kind of data from the very beginning and hence helps them keep their information organized even after their company grows.
Understanding Types of Knowledge that Needs Management System
In most of the companies, the information found can be bifurcated into two categories:
This type of information is formalized and well documented. It is easy to identify, store, and retrieve when needed. One common example of explicit information is the common checklist aspects that the sales team uses to access the needs of clients, the questions to be asked, and requirements to be inquired about.
SOPs, Financial records, memos, notes, etc. also qualify as explicit knowledge. As a part of best practices implementation, it can be anything that is a solid form (i.e. documented) is explicit knowledge. This is very easy to manage with a knowledge management system and not as needed as tacit information, which comes next.
To capture explicit knowledge, all you need is an expert file/document management tool. You already have the raw materials i.e. the daily record sheet. You can divide roles amongst your knowledge workers, and ask them to perform certain document analysis and dissemination.
Once you have all the kind of information you need, the next step is uploading it to your knowledge management system. Most companies that sell knowledge management tools, offer this service or product for a fee. If you want to do this task in-house, it is not very difficult.
This refers to intuitive, experience-based learning processes that are rarely formally documented. It is very personal in nature and depends on context analysis, and thus is relatively harder to implement in the knowledge management system. It is regarded as more worthy than explicit information and usually leads to innovations and profits.
It is most commonly seen as the magic of some workers, who can perform certain tasks and activities better than others. How a senior technician can quickly diagnose as well as fix a problem is also counted as tacit knowledge.
As you may have already guessed, capturing tacit knowledge is very challenging, and also what drives the importance of breakthroughs and profits. For example, Toyota is one of the companies that has made this task of capturing tacit knowledge incredibly easy. The biggest problem with Toyota was knowledge retention, as senior employees retired, the years worth of knowledge went un-utilized.
To combat the issue, Toyota incorporated TPS (Toyota Production System). A part of this system is dedicated to a Q & A section, in which the expert technicians answer the questions of other workers.
Build an advanced knowledge base for your customers and give them answers fast – real fast.
Take your app and help center to the next level with The Cloud Tutorial.
Why do you need a Knowledge Management System (KMS)?
So far the definition of the term Knowledge Management System sounds promising in this competitive world. But it is not good enough to get you started to use one. This section of the blog is dedicated to making you look at this from a different view. There are several advantages of a knowledge management system, and some of them are:
Better And Strong Decision Making Powers
An organization that focuses on knowledge management helps you build a work environment that promotes knowledge sharing. Such a work environment ensures that the employees use their sound judgment and are able to easily convey important knowledge to each other as well as the customers.
With the proper aid of a technology discipline in the knowledge management system, your organization is able to hold up even if you have to process large amounts of knowledge implementation, various types of analysis, and the varying process of making important decisions strategy for the company. By having access to all knowledge articles, reports, and docs, your knowledge workers are able to make quick and sound decisions for appropriate maintenance.
Easy access to Knowledge
Whenever an employee or executive is confronted with a requirement or need, they usually search for data (for hours!). Knowledge management software is designed to reduce this search time drastically. You could be assisting clients, brainstorming new products/services, filing tax forms, or making any other decision where time is of the essence.
By creating a knowledge repository of your organizational knowledge, you are creating an easy way for your team members to find what essential things they need, and when they need it. Looking up is easy with the search option in the knowledge base software.
With great knowledge programming, you will have the option to perceive how a knowledge management framework helps an association in sparing resources and consequently, setting aside cash.
Faster Training And Onboarding Processes
A lot of time that is spent by some of your top-paid employees is training the new hires. Nobody likes investing energy in accomplishing something over and over again — however, they do so constantly, for a number of reasons.
Dodging duplication of exertion sets aside time and cash and keeps the employees’ confidence up and streamlines work culture. By not investing energy and wasting time, individuals have more opportunities to create something new.
The training and onboarding process for employees is different from the onboarding procedures for the customers. Both of them represent a gap in the profit of your company. Because while these processes are ongoing, there is no productivity and income generation. Organizations sometimes try to cut short this period of unproductivity by reducing the time of training or onboarding.
If you provide the information that they need in one place, then you will be able to help all the new employees in hitting the ground at a speed. This is coming from an operational perspective. The knowledge management programs will also make them more likely to purchase your products, assets, or services and make optimum use of the same.
With office politics and a negative workplace, it becomes difficult for all the employees to collaborate with each other. There is a lot of hoarding of knowledge discipline and not enough sharing of it.
However, if there is a mandatory collaborative knowledge database or a content management system for the entire workplace, then it might help in increasing the collaboration between various teams. This might even enhance communication and make it smoother. When people contribute their knowledge, resource, and data to one knowledge content management software then they possess an ability to work as a group of the customer support team and not as individuals.
This will help them solve most issues internally and without the need for an external party or huge databases. It will help you save time and resources while ensuring that everyone works in harmony.
Often, the most knowledgeable employees experience a burnout of sorts. This happens due to the extreme levels of pressure on them. When you lose an employee who has been with the company for years on end, it becomes problematic. There are many junior knowledge workers who are dependent on the person and it becomes difficult to replace such people.
This also costs the company a significant amount financially and there are other problems too. Moreover, whoever replaces the old employee, that person will also take a significant amount of time to adjust to his new position to enhance the Communities of Practice on a large scale.
Avoid recreation of existing knowledge
Many times, we create a document model with some data and forget to update it. After some time, it feels outdated and we set out to recreate the same data in a new format. Employees spend a lot of their valuable time recreating resources rather than the ability for creating new ones. This is a waste of many resources like time, costs, people, and everything related to the organization’s value.
To avoid this from happening, you need to install a good knowledge base management system in your company. With the help of knowledge management efforts in place, you will be able to divert your resources to better tasks such as customer support operations, upselling, knowledge creation, adding new information to the knowledge, stores such knowledge discipline and much more. This will help you get ahead instead of being stuck in the same loop.
Build an advanced knowledge base for your customers and give them answers fast – real fast.
Take your app and help center to the next level with The Cloud Tutorial.
Tips for Choosing the Right Knowledge Management System
Understand your needs
At this point, it is very clear that the small topic of knowledge management systems is a vast ocean. There are hundreds of products and software solutions available in the market, and each one of that Information Technology (IT) system solutions has something of unique importance to offer.
It is easy to get lost in this sea of features, and before you know it, you are looking at paying a huge amount of money for the knowledge management system. So, before you start looking at options, the first thing you need to ask yourself is why did you want to invest in knowledge management system principles in the first place.
Google-like search function
Having a search function makes looking for the right resource or information extremely fast. Your employees do not lose their workflow momentum while looking through the knowledge management system, and productivity is increased. Additionally, if the search function can detect spelling errors, and still provide the right results, it will be the icing on the cake.
Easily integrates with your existing workflows
The next thing a decent knowledge management system should do, is to not interrupt your existing workflows. A knowledge management system is not a universal solution, and you will need to use external software like QuickBooks, Excel, Slack, etc.
If you can easily share data between your knowledge management system and any other third-party app, then the term knowledge management system is definitely a great solution.
Data and Security Compliance
The last thing you want is your secure company knowledge to get in the wrong hands. All your organizational knowledge has been attained through years of blood, sweat, and tears. You do not want this knowledge to be hacked through any technology and data loss by absolutely anyone. So it is very critical that the knowledge management system is completely secure.
In addition to the delicate organizational knowledge, your knowledge management system has client information. There are a lot of laws regarding the confidentiality of client information. To avoid any legal issues on your hands, it is best that the knowledge management system meets everything related to security compliances.
The last thing that you need to look for in the knowledge management system is the room for customizations. This point does not need any explanation as it is fairly obvious. since the knowledge management solution is going to be YOUR knowledge management system, you should be able to customize it to match your brand logo and brand colours.
Examples of Knowledge Management Systems
An all-in-one knowledge base software, HelpJuice is a knowledge management system that is designed from the ground up to meet all your customer support needs and allows you to collaborate better with your team. This easy-to-use knowledge base software offers 2 primary services: A self-service customer support and an internal knowledge base to work better with your team.
The self-service help center automates most of your support process, and your customers can find instant help through the google-like search function. You can publish your help articles easily by adding the content to the pre-designed and saved formats. Some features to note about this knowledge management system are;
- Publish multiple versions of the articles easily within the same editor
- Structure and organize with unlimited categories
- Control who sees what, and set custom roles and permissions
- Get analytics in the articles, to measure the impact
HelpJuice is the best example of KMS that has simplified the process of creating articles, and it is one of the tools that deliver great satisfaction to its customers. You can customize your knowledge base with the theme colours and logo. With great third-party integrations, HelpJuice is definitely a great knowledge base to consider according to the budget need. The only downside of this knowledge base is its pricing, which is very expensive. The most basic plan costs you $120 per month, allows only 4 users, and it can go up to $999 per month, for unlimited users.
Document360 is a knowledge base software designed for growing organizations, providing you options to create a self-service customer service portal, a private internal knowledge base for your employees, and a product module to create Standard operating procedures (SOPs) easily.
This knowledge management system has the following features that are loved by its users:
- A category manager to manage all your product categories, and organize your knowledge base
- 2 editor options- to create a word-like document editor or a code snippets document creator
- Easy see all versions and rollback to any version
- Get different types of analytics like user metrics, search analytics, user feedback mechanism, etc., similar to google analytics
In terms of pricing, Document360 runs a bit cheaper than HelpJuice and starts at $49 per month and lets you have 2 team accounts. The pricing goes all the way up to $499 per month and is ideal for enterprise-level organizations.
A great customer support tool, Zendesk is designed to provide an unparalleled customer experience. This user-friendly software suite is designed to make support easy, sales increase, while providing a great customer experience. This knowledge management system is quick to implement, easy to use functions, and scalable to meet your needs.
Zendesk offers 2 solutions: Sales and Support. The support side of the knowledge base is designed to make the customer experience great with a user-friendly ticketing system, a FAQ page site, and live chat to aid customer support. The sales suite is designed to make sales communications faster and standard, and drive upconversion. Some features of Zendesk are:
- Live chat to provide faster customer support
- Customer support tickets via voice and SMS to enhance customer experience
- Automated outreach email address to increase sales practice
- Multilingual support
- Support social media integration
An internal knowledge base and a company wiki software, Tettra is a knowledge management software that helps you to create smart workflows and stop answering repetitive questions. The main objectives of this knowledge-based software help you to provide customer support using knowledge assets that you know while managing knowledge simultaneously.
Knowledge is scattered, and you can create a knowledge base composed of help articles and frequently asked questions to help your knowledge workers, intellectual capital, and your customers. You can centralize and organize all your team’s resources, and create a central knowledge repository for your company. Some of the features of this knowledge base software are:
- Integrate Tettra with the tools you are already using
- Save time and standardize by creating templates
- Give roles to people with full or limited access
- Get analytics on the performance of pages
Tettra believes in “Reference it, Don’t recreate it”. Tettra offers 3 pricing plans: Starting, Scaling, and Enterprise. The starting plan is free- for the first 5 users. The Scaling plan costs you $99 per month for the next 10 users, and for larger teams, you need custom pricing offered by the enterprise package.
Great customer service and relationship manager, and not so much of an internal knowledge base, Intercom is ideal for businesses who need a knowledge base more focussed on customer loyalty service, and do not require an internal technology or knowledge base. If you want to create a FAQ site and have live chat support for your customers, then Intercom is a good choice to consider.
A knowledge management system in its own way dedicated to providing exceptional customer support, Intercom increases the conversion rate of your customers with the help of targeted messages, bots, and real-time chat. Some of the features of this software are:
- Automate messaging with more focus on chatbots
- Create a beautiful FAQ site for some common questions
- Activity reports of your agents
The Cloud Tutorial
The last one on this list is The Cloud Tutorial. You can call us a FAQ creation site or a knowledge base site- the choice is yours. With the Cloud Tutorial, you can create an internal knowledge base for your employees and an external knowledge base for your clients and customers.
With the Cloud Tutorial, you can create a help site for anyone and everyone, add users, give them predefined roles, or create a custom role depending on your requirements. With unlimited room for customizations, you get the following features or functions in your help site/knowledge base:
- Impressive knowledge sharing platform
- Create a smart contact form, that shows relevant help articles
- Lighting fast search that works even with incorrect spellings
- Give different roles to the same person in different projects
- Customize with brand colors and brand logo
There are so many more features for you to explore, and you can read in detail about them here.
The answer to this question is both yes and no. Yes there different types of knowledge management systems (KMSs) like:
- Document management systems
- Learning management systems
- Internal Knowledge management system
- External Knowledge Management system
- Digital knowledge management system
Document management tools are systems designed for knowledge workers to collaborate and work together on creating documents. The definition goes like this: The process of creating a piece of document or component together with your co-workers can be extremely challenging, and a Document management system is designed to make this task a bit simple and managed.
Indeed there is a Knowledge management process that makes the process of creating knowledge extremely simple with KM tools. There are 6 steps that you need to keep in mind while using tools for managing knowledge. You can read in detail about them here.
We hope that after reading this guide on knowledge management systems, you have a better understanding of the basics of knowledge management systems and the primary role of using such technology. At this point, you can clearly differentiate between the types of knowledge and select the right tools based on your requirements.
The KM tools have a lot of different features, and the benefits vary from tool to tool. The examples we mentioned covered every single type of knowledge management system available in the market, so you can make a better choice.