The costs add up year-over-year and the burden and complexity caused by paper records and out-of-control electronic files are overwhelming for many organizations. According to Reduce.org, the average office worker uses 10,000 sheets of copy paper each year. PwC reports it costs $120 in labor to search for each misfiled document. 50-70% of office space is still dedicated to filing and storage of documentation according to quepublishing.com. With all these costs taken into consideration, document management is a great way for businesses to start implementing going green initiatives while improving efficiency.
How does Enterprise Content Management (ECM) work? Your massive collection of data resides in two formats: paper and electronic. Which both can be effectively and securely managed inside a successful ECM system that best suits your organization whether it is on-premise or cloud ECM.
Download the ECM infographic to learn more about the costs and the conversion to ECM today!