Document Scanning and Document Management Systems Cut Operating Costs Fast

A document management system that includesWhen paper documents are converted into digital
document scanning and conversion of key businessimages, there is no longer the need for photocopying
documents into digital files for storage, retrieval andand faxing. The expenses associated with them -
distribution directly from the computer is a provenincluding paper, toners, print cartridges, and
cost-effective way to reduce operating expensesequipment maintenance, are also eliminated. And
quickly. It can be very focused, targeting your mostbecause digitized documents can be emailed quickly
paper intensive processes, such as accounts payable,and easily, the cost for shipping, mailing, and courier
proof-of-delivery, and human resources. These areservices are dramatically reduced. With a courier
areas where there are often paper jams that slowservice costing from $8 to $15 per package, there is
work procedures, decrease employee efficiency andplenty of money as well as time to be saved.
increase operating costs.Warehousing and office space overheads also
A document scanning system that automates manualdecrease with electronic document management. Up
tasks and eliminates time-consuming procedures willto 99% of office space used by filing cabinets and
streamline business processes and allow employeesboxes can be reclaimed and used for revenue
to work more efficiently and productively. Accordingproducing services. Document warehousing and
to the McKinsey September 2008 Quarterly Report,storage is no longer necessary, as key business
one of the critical business goals during a downturn isdocuments are always available directly from the
getting more "bang for the buck" from employees,computer.
and concludes that IT is essential to meeting thisA document management system can be
goal.implemented quickly and easily with no capital outlay,
Research shows that professionals spend 5 - 15and deliver a disproportionate value in a short period
percent of their time reading information, but up toof time. In fact,investing in this type of technology
50 percent looking for it. By implementing a digitalnot only improves efficiency but also creates
imaging and workflow automation system, a businessrevenue growth that generates more money than
enables its employees to focus on their core businessstraight cost reductions. Your business can operate
tasks. Overtime can be eliminated with automatedmore competitively and serve its customers better -
processes, and hiring temporary filing help is no longerkey factors in surviving a recession.
necessary.In this economic environment, it pays to take a close
With a "paperless office," the significant cost oflook at your end-to-end business processes. See
copying and filing documents is slashed - and so is thewhere you can improve procedures, enhance the
time spent looking for misplaced ones. That's anothercustomer experience, and reduce waste. Once you
major cost saving: on average, companies spend $20have identified those areas of opportunity, a digital
in labor to file a document, $120 to find a misfiledimaging system will help you achieve your goals
one, and $220 to reproduce a lost one! Consideringquickly and cost-effectively. Replacing outdated
that 7.5 percent of all documents get lost and 3manual processes will eliminate redundancies and
percent of the remainder get misfiled, those savingsbottlenecks, improve employee productivity, and
add up fast.your bottom line.