Unfortunately, data security breaches happen daily. According to Microsoft, the potential cost of cyber-crime to the global community is a mind-boggling $500 billion, and a data breach will cost the average company about $3.8 million*. That is a lot of mullah! Read more…
Do you work in an industry that is highly regulated? Would it be helpful to know precisely who’s opened a document and when? Let’s talk auditing and reporting!
Jaw Dropping Benefits of Document Management #7: AUDITING + REPORTING. Not all firms need this much oversight but if your business depends on meeting strict regulations this function of a document management system is for you. Read more…
The US Bureau of Labor Statistics reports that nonfarm payroll employment rose by 157,000 in July 2018. Wow! Businesses across a variety of industries are hiring like mad. Are you one of them?
Jaw Dropping Benefits of Document Management #6: IMPROVING HUMAN RESOURCES PROCESSES. From recruiting and onboarding to employee information management, using a document management system to organize, automate, and secure employee data can be life-changing…especially for your HR staff.
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Research shows a five-year return on investment (ROI) of 404% after implementing a document management system. Half of the organizations in an IDC study had a payback as early as six months. IDC stands for International Data Corporation, the premier global provider of market intelligence, so they know their stuff! Read more…
The average office spends $25,000 to fill a four-drawer file cabinet (the cabinet, rent on the office space, and labor to fill it with documents) and $2,000 annually to maintain it. How many file cabinets do you have in your office? That’s a lot of money!
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A recent PriceWaterhouseCoopers study reports that the average worker spends 40% of their time managing non-essential documents. What?!?
Jaw Dropping Benefits of Document Management #3 PROCESS AUTOMATION. Manage your mission-critical processes to eliminate spreadsheets, emails, and busywork. Could you imagine? Read more…
The average office spends $120 searching for every misfiled document. How many documents have you misplaced in hard copy format or digital?
Jaw Dropping Benefits of Document Management #2: SCAN & CAPTURE. Scan your paper document directly into a document management system to capture and store them in one centralized repository. It doesn’t stop there. Read more…
A recent study showed the average office admin takes 12 minutes to process one document. Nine of those minutes are spent searching, retrieving, and refilling it. Only three minutes are spent using the file.
Jaw Dropping Benefits of Document Management #1: MANAGING DOCUMENTS (surprise!). Read more…
Assessing your Return on Investment (ROI) for a digital document management system can be as simple as imagining a clean, paper-free desk. Try it right now. Nice, isn’t it? But it’ll take more than pleasant thoughts to convince your boss that converting to a new system is worth the time and effort. Below are five positive changes that can come from adopting digital document management, plus a handy guide to calculating the figures for your own organization. Read more…
DOCUMENT MANAGEMENT TIPS
Each month our “The Dirt on Document Management” newsletter provides a document management tip. Check back each month for a new tip!
I love to go out for breakfast on weekend mornings, do the Sudoku, and think what the day and the coming week will bring. I write notes in the margins on the newspaper on what is critical to accomplish and have something to eat. This is my quiet thought time until this usually plays out: Read more…
