Whether a local school district or state university, education institutions are faced with a number of document management challenges, from high paper costs to compliance issues. When tight budgets and document security are always of top concern, it becomes difficult for educators and administrators to complete manual paper-based tasks in a streamlined, and cost-effective manner.
According to a AIIM, 92% of organizations say that removing paper from business processes is a constant objective, but still 20% of businesses claim that their paper consumption is actually increasing. If your company has not made the switch to a paperless office, it’s time to start. Document management software provides users the ability to digitize, organize, store, manage and track documents from a secure, centralized repository – making it a no brainer! Let’s explore 6 key features and functionalities to look for when choosing a document management solution.
Did you know your existing customers are also your prospects? When your business needs to increase revenue, look no further than your current customer base. According to Gartner Group, 80% of future profits come from 20% of current customers. It has also been reported that repeat customers refer 50% more people to your business than one-time buyers! Returning customers truly have the power to help drive sales in your business.
Whether your company manages 100 or over 100,000 business documents daily, there are sure to be challenges with manual processing. As multi-formatted documents are received, staff across various departments must quickly and accurately process their data. According to AIIM, on average, 44% of documents arrive as electronic records, however 59% of these will end up as a paper copy. This may include PDFs, faxes, emails, Word documents and Excel spreadsheets. Not only are processing times and accuracy considerable factors for a more efficient environment, but paper costs rise dramatically for unnecessary printing of digital documents.
Higher education is faced with the unique challenge of managing a never-ending influx of information. Each semester, new students arrive with applications, enrollment forms, course records, and financial aid paperwork, adding strain to an already stretched admissions department. According to AIIM research, the majority of higher education institutions in the U.S. are planning to use Software as a Service (SaaS) to control the information chaos. With no time to waste, around 30% reported a goal of implementing SaaS within the next 5 years. Of the institutions surveyed, 81.4% are looking to gain better analytics and improve the tracking of student enrollment and performance. Specifically they’re turning straight to document management software to accomplish all of their technology needs.
Did you know that as of 2017, there are 59.3 million fantasy sports players? That’s about the size of California and New York combined! How many of you are a part of a fantasy sports league and have won a championship? Let me guess, you poured over stats and figures for hours to build the perfect team with the hopes of coming out on top. Did you know you can apply this same logic to your business strategy by leveraging real time data? This alone will make your business more profitable! Like fantasy sports, ECM software has evolved processes over time to streamline what once were paper-driven activities. Revolutionizing the way we do business, document management enables the automation of documents, from data capture, to routing for approvals. This allows adopters to save time and money by reducing the amount of space needed for paper and the amount of time searching for documents. Let’s explore how advancements in technology can support your interests as a fantasy sports player and a business professional!
Is your business missing out on the many benefits enterprise content management (ECM) has to offer? According to AIIM, more than half of traditional organizations are implementing company-wide or departmental ECM software. So, what are you waiting for? Implementing a paperless process in your office can save you and your employees time and headache. To give you a better understanding, let’s explore the 4 C’s of document management software and how they are enabling businesses like yours to work smarter, faster, and more productive!
Have you upgraded your document management software lately? If not, why?! Staying up to date with the latest, cutting-edge enterprise content management (ECM) platform enables organizations to build upon their document management needs by making existing paperless processes even more efficient. Beyond new feature enhancements and functionalities that you care about, those organizations using the latest and greatest platforms become more adaptable to the direction of business technology. By regularly implementing the latest advancements in paperless office solutions, your business keeps its competitive edge with the newest innovations.
The new year is time to establish brand-new resolutions that will set you up for continued prosperity in 2018. But why stop at personal growth? Expand your thinking to include resolutions for your business as well! Business goals are just as attainable as personal goals, and when planned thoughtfully, they will put you and your business on a path to success for many years to come. Consider these simple document management resolutions and see what you and your business can accomplish in 2018!
What could a relatively small city in Connecticut have in common with groundbreaking technology companies like Google and IBM? New Haven, home of the prestigious Yale University, is in the race to build the world’s first Quantum computer. A feat that takes the near magical elements of quantum physics and turns them into usable intelligence. It is not surprising that Robert Schoelkopf, leading Yale scientist and Quantum Circuits founder, chose New Haven, CT as the potential birthplace for the first quantum computer. Since the town’s founding in 1638, New Haven has been a breeding ground for technological advancements. From start-ups and small businesses to large corporations, the Elm City is home to many organizations focused on technological progression and development.