Increasing competition in the marketplace is an ongoing challenge that must be continually addressed by every dynamic business. To stand still means being left behind, organisations must continually adapt to remain competitive and seek innovative ways to increase efficiencies, productivity and decrease operational costs.
One key area that is often overlooked is the processing of documentation and information. More than 80% of business processes have documents as a core component and the volume of documents created each year is increasing significantly.
Facts:
The average worker spends:
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13.3 hours per week creating documents
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6.8 hours per week organising and filing documents
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4 hours per week manually distributing and retrieving documents
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9.5 hours per week searching for information
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Companies spend about 10% of their revenue handling paper documents
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It costs circa €20,000 (£15,000) to fill a four-drawer file cabinet and about €2,300 (£1,700) a year to maintain it.
As a result the IDM market is growing by 65% per year!
With Adest IDM you can quickly scan, capture, store, search, retrieve, view, manipulate, print and distribute documents locally or remotely. All documents and files (including electronic files and e-mails) are stored in a central document repository, this enables any organisation to easily access and manage any document type.
Further key benefits derived from an Adest IDM solution are:
- Adherence to data compliance requirements and other regulations, e.g. Sarbanes-Oxley
- Reduced debtor days and increase cash flow
- Better internal information flow and communication between departments and other organisations
- Improved customer and supplier relationships
- Better working environment for employees leading to greater staff productivity
