Paper has been a part of everyday business for a long time. Purchase orders, invoices, contracts, and more are generated on a daily basis as a part of key business processes. These paper documents need to circulate to the right people and once the process is complete, must be stored for future reference. Paper documents are often difficult to locate and retrieve, making information sharing cumbersome.
As companies look for ways to increase productivity and trim budgets, the widespread use of paper has been scrutinized. Organizations must meet the ever-growing demands for higher productivity, compliance requirements and environmental consciousness. Examining the use of paper in your organization can help your business become more productive, streamlined and efficient. What types of paper documents are used in your business? How much do you print and/or copy each day? Can employees quickly and easily access records if needed? Are key business processes slowed down by paper?
Many forward-thinking companies are turning to Enterprise Content Management (ECM) solutions and realizing significant cost savings across a number of business areas. A recent AIIM study reported that 39% of the companies surveyed saw a drop in paper consumption when using ECM. And there’s even more potential for savings when companies automate workflows and optimize routing and auto- indexing processes.