What is Document Management?

Document management, often referred to as Document Management Systems (DMS), is the use of a computer system and software to store, manage and track electronic documents and electronic images of paper based information captured through the use of a document scanner. Document management is how your organization stores, manages and tracks its electronic documents. According to ISO 12651-2, a document is "recorded information or object which can be treated as a unit". While this sounds a little complicated, it is quite simply what you have been using to create, distribute and use for years. Now, we can define document management as the software that controls and organizes documents throughout an organization. It incorporates document and content capture, workflow, document repositories, COLD/ERM, and output systems, and information Read More

7 Advantages of adopting a Document Management System

Information is essential for the success of any business. The way we do business now, we rely on documents as a store of information. Documents are created, edited, shared, stored and sought for in any business on a daily basis and mostly in paper format. Every business out there is constantly churning documents during the course of a regular day. Businesses spend a lot of time, money and effort to manage the flow of these documents and it is not an easy task. Depending on the nature of your business and the volume of documents that it handles, adopting a document management system and moving to digital invoicing and storage will not just offer you significant advantages but ultimately help you increase your revenue.   1.Save Money on Printing Costs   The Institute of Finance and Management (IOFM)1 Read More

Using ‘Digital Disruption’ to your advantage

More than half of today‚Äôs organizations will be forced to change the way they do business due to the impact of disruptions from new competitors armed with digital product delivery and digitized infrastructure and business processes. This clearly indicates that we are looking at a huge opportunity presently to help these organisation adapt to this black swan of a change that is looming and has perhaps even started.   Status of Digital transformation If five years ago we faced tough challenges in getting through to small and medium clients about the advantages of our product offered them over a long period of time, that problem no longer exists. 8/10 organisations today believe that digital transformation is of critical importance to their organizations. This presents us with an opportunity to fulfill demand that already exists and is going to surge further upward i Read More

Growth of the Document Management Industry

The document management systems market is expected to reach USD 6.78 billion by 2023 from USD 3.59 billion in 2017, at a CAGR of 11.17%. Growth in this market can largely be attributed to factors such as the increasing need to streamline business operations, benefits of digitizing content across enterprises, increasing need to adhere to compliance requirements, and increasing adoption of cloud-based services and cloud computing. On the other hand, high implementation costs are expected to restrict adoption, which in tur Read More

Why Document Management is essential for the growth of your business?

About 80% of all business information resides on paper. Advances over a period of time in imaging technologies have made it possible to move from this traditional mode of documentation to a digital one. This helps in eliminating unnecessary costs from a business. It is exactly the reason why any organisation that operates with a huge volume of paper documents should immediately plan and transition to an electronic form of document management.   Businesses usually do not pay a lot of attention to the expense that they incur as a result of using paper documentation. As things stand now, it might not be possible to eliminate paper absolutely, but there are industries that use such tremendous volumes of paper documentation in their day to day transactions that form the outside it appears that people working in those industries are overwhelmed with paper documents. Take for example the medical industry, the le Read More