Why would you want to implement electronic document management? It’s a great question. The economy is down and slowly coming back (or maybe not). Why would you want to spend money on software? I have had the opportunity to talk with many different companies throughout Michigan and many have a similar story. In 2008 we had to let people go. Now we are busy and making money, but we are afraid to bring back the same number of workers we had back in ’08. That leads me to a great reason to look at document management. Cost Avoidance! Do you want to continue to grow, but not have to add people? Do you want to process twice the orders without adding overhead? We can help.
Here are some statistics to consider (Source: Imersion Technologies, Inc.):
- Companies spend on average $20 in labor to file a document, $120 to find a misfiled document, and $220 in labor to recreate a lost document.
- Professionals spend 5-15% of their time reading information, but up to 50% looking for it.
There are lots of others. It all comes down to one thing. To compete and be competitive all organizations have to be as efficient as possible.