Digital document management can have many benefits for your business, but you may be surprised by how much money it can save you. Studies on ROI show that digital document management systems can pay for themselves within months by reducing your operational costs. Consider these areas where you can save.
Printing is one of the top expenses for businesses. With digital document management, however, you can bring down your printing costs. When most of your documents are stored, accessed, and handled digitally, there’s a reduced need to print, thus eliminating many of your print expenses, including supplies, equipment, and employee time.
Storing all of those documents costs money, in both filing solutions and floor space. Additionally, many companies choose to keep a copy of their documents offsite as a backup in case of disaster. With digital management, you’ll reduce your storage costs, and automatically backing up your data to an offsite server is easy and cost-effective.
Many business processes are redundant and time-consuming. With digital document management, these processes can be automated, freeing up time and saving money. Digital workflows can reduce errors, improve customer satisfaction, employee retention, and turnaround time.
With automated processes, and less printing, employees are saving time – which means saving you money. Employees will also not have to spend time hunting down the documents and data that they need, or waste time sharing documents with other employees or clients. With the data they need at their fingertips, they can get more done in less time.
Data security is one of the biggest concerns for businesses, and digital management makes it easy and affordable. Documents can automatically be encrypted, and access granted only to authorized users. Whenever a document is accessed, the system can log who did so, to provide greater accountability and security. Cloud or off-site backups can provide security against disasters or downed systems, by making sure there is always redundancy and files are always accessible, even if your office suffers a power outage, fire, flood, or other disaster.
Digital data management can change the way you do business. By lowering your operational costs, digital management quickly pays for itself, making it a wise investment for businesses today. Contact us to learn more.