Enterprise Content Management (ECM) has become a very popular solution employed by businesses worldwide. Capturing, managing, storing, delivering, and preserving your content through an ECM solution has many benefits, perhaps most important of all is the savings your company will realize. So, what can an ECM solution save your business?
• Money – Converting your documents from paper to electronic data will eliminate storage costs, as well as operational costs. And digitizing your content enables documents to be moved both inside and outside of your office much more cost effectively. Not to mention reductions in e-discovery costs.
• Time – Document-intensive processes such as manually filing and searching for paper are extremely inefficient and waste a great deal of time. Eliminating these outdated processes and speeding up access to your data will create savings in your employees’ precious time.
• Hassle – By storing all of your files in one central location, lost, missing, or misfiled documents are a thing of the past. Documents can quickly and easily be retrieved on demand, from almost anywhere. Automated workflows increase productivity and maximize efficiency in your business processes.
• Space – With all of your documents stored electronically, rather than on paper, the space required to store all of your information is drastically reduced. Physical storage space is no longer necessary. The space previously taken up by bulky file cabinets can now be used for other, more important purposes.
• From Going Out of Business – Disaster recovery is essential for any company, to protect against both natural and data disasters. Gartner, the world’s leading information technology research and advisory company, estimates that only 35 percent of SMBs have a comprehensive disaster recovery plan in place. And according to the National Archives & Records Administration in Washington, 93 percent of companies that lost their data for 10 days or more filed for bankruptcy within one year. ECM protects your critical business data through backups, archives, and off-site storage, preparing you for a worst-case scenario.