If you’re still making do with paper processes, it’s easy to see how it could be difficult to keep up with the competition. Aside from an inability to conduct business on digital platforms, paper processes are an expensive choice. Fortunately, you have a better option.

Save with Document Management

If you’re not sure whether electronic document management is the right choice for your organization, consider these cost-saving benefits.

Reduced Labor Costs

One of the largest business expenses is labor, yet it’s easy to overlook how often paper-based filing systems are a direct cause of high labor costs. Electronic document management eliminates most of the expenses that go hand-in-hand with paper. Won’t it be nice when your employees can spend their time on more worthwhile projects? Consider these paper-caused time wasters:

  • Filing paper documents — Getting a document into a file is rarely a one-step process. Print, copy, collate, staple, file, repeat is a more accurate description. Can you hear the expenses adding up?
  • Searching for lost files — Estimates are that knowledge workers lose as much as 25% of each day searching for documents.
  • Recreating lost files — Not every file search is successful, and when valuable information goes missing, someone must recreate it.

Reduced Storage Requirements

It’s difficult to quantify, but businesses spend a disproportionate amount of operating capital just to keep paper filing systems cozy. From backrooms overflowing with steel filing cabinets to wall-sized shelving units and offsite document storage facilities, there’s something to be said for a solution that takes up almost none of your office space. Electronic document management requires virtually no physical storage space, so the real question you’ll need to answer looks something like this: What are you going to do with all of that great new office space?

To find out more ways document management can help your organization save money and time, contact us at C.A. Reding today.