Paper document managment systems are simply inefficient. There is no way around it. With the economy the way it is today, companies have to “do more with less”. Part of this is making your business more efficient by using basic technology. Document Management is one of those core products that can make a huge difference in how your business operates. It’s a product that is no longer just to be used by the Fortune 500. It’s very affordable for even the smallest businesses.
If you aren’t using a document management system today, spend an hour learning about them and how they can help you. It will be well worth your time. Here’s a link to an earlier post about measuring the Return on Investment for a document management system.
Here are ten interesting facts about documents and how they cost you time/money. Just consider a couple of these in combination. If 7.5 % of all documents are lost then not only do you have to spend $220 each to recreate them, but you have to spend $20 to file them again.
I personally don’t see how a business will survive these days without being as efficient as possible.
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