Why Should My Organization Care about Document Management Software?

Streamlining business processes and increasing efficiency are fundamental concerns for any organization, regardless of its size or industry. By implementing document management software, business leaders can improve organizational efficiency.

Document management software transforms the management of business-sensitive information, making it possible to:

  • Manage the storage, search and retrieval of millions of documents, allowing users to access files in seconds.
  • Share documents with colleagues while protecting confidential information.
  • Automate time-consuming manual processes like filling in metadata and document naming.
  • Access documents on your smartphone or tablet.
  • Back up files and records as a part of your organization’s business continuity plan.

 

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Managing documents in an organized, shared repository allows users to retrieve critical information with a single search.

What Does the Best Document Management Software Do?

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Some document management systems provide workflow functionality, which expedites tedious, manual tasks, such as accounts payable.

Document management systems capture paper documents and a variety of electronic files while managing the storage, retrieval, security and archiving of these documents.

The document management process begins with the conversion of paper documents, forms and records to electronic files. This is considered Phase 1 of the Digital Transformation journey.

Conversion eliminates many of the obstacles created by paper: labor-intensive duplication procedures, slow distribution, misplaced originals and the inconvenience of retrieving files from off-site storage.

Document management systems have five basic components:

Learn more about the basics of document management here.

How Can Enterprise Document Management Software Save Time?

A recent PwC study reports that the average worker spends 40% of their time managing non-essential documents. In addition, IDC estimates that employees spend 20% of their day looking for information in hardcopy documents and that, 50% of the time, they can’t find what they need.

The best document management software can help you save time by:

  • Answering information requests from clients, citizens and auditors immediately.
  • Cutting time spent copying and distributing documents to staff, branch offices and outside contacts by digitizing file sharing.
  • Eliminating lost documents that must be recreated and refiled — and spending less time filing them once they’re found.
  • Establishing a secure, customizable digital repository for business-critical information, making it simple to search and modify files.

Applying metadata to documents allows organizations to quickly find information stored in the repository.

By implementing a document management solution, employees can stop spending time handling paper to start spending more time doing the work that matters: serving clients, citizens and students at maximum efficiency.

How Can Document Management Software Help Improve Efficiency?

Every organization relies on repetitive tasks to accomplish business goals. When it comes to  standard, document-based processes like hiring and invoice processing, there are many ways a document management system can help your organization work faster and more effectively.

 

Enterprise document management software can help your organization increase efficiency with business process automation tools that:

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Automatic notifications improve accountability across the enterprise by alerting employees about pending tasks.

Get more information about how document management software can help your organization optimize business processes and increase efficiency here.

What is the Biggest ROI in Enterprise Document Management Software?

Your organization generates large amounts of paper and electronic documents. Traditional methods of storing paper and electronic records require a great deal of effort to manage, distribute and find those documents. As your business grows, so do files, and so does the time and effort required to manage them.

Document management software simplifies business processes by allowing instant access to information, greater collaboration within and among departments and offices and enhanced security for files and records.

Learn how document management software can help your organization recapture lost hours, reduce overhead expenses and increase profitability—download The Document Management Buyer’s Guide today!

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