Archive for the ‘Document Management Software’ Category
Management of documents is a big and complex subject that needs careful consideration. It is an expensive proposition so everything must be planned carefully before implementing any software or process. There are two types of document management systems. The first involves storage and management of paper documents, while the other system refers to the digitization of the paper documents. Nowadays most companies prefer the electronic document management system because of various advantages associated with it. Under this system, details of the documents can be captured, processed and stored using a combination of hardware and software.
There are two ways to do this. The first is to keep the scanned copies of the original documents. The second is to convert the text matters printed on the papers into digital format. This not only makes it easy to retrieve the required information quickly but the data collected takes up minimum space on the servers. Images have to be scanned into image format and take up large server space. When the data present in the documents is converted into digital format, it becomes easier to retrieve, process and use the information and records. The required number of documents can be retrieved quickly as and when needed. This is simply not possible with paper documents that take up lots of space.
A company that relies on paper documents has to hire employees to handle the whole setup. The manual setup proves an inefficient method. It is difficult to store, process and retrieve documents. This problem simply does not exist when electronic document management system is used. Business owners interested in implementing document management system have to consider several things. The first is to be sure about the requirements. Different types of documents, such as invoices, bills, contracts and other documents are generated during the course of the business. These documents relate to sales, account, buying and selling. The document digitization goal must clearly identify how the documents must be stored. One should be sure about the techniques and processes that would be used to convert documents into digital format.
Developing an effective plan for document management is the most important thing. If documents are stored incorrectly under the wrong headings then it creates a big problem for the future. It is important to use document management software that is reliable, secure, and upgradable with all the required features. The business owner needs to be careful of using an application program that requires regular annual payment. The applications should be able to validate and upgrade over the Internet. It ensures that only the latest version of the software is used.
An important part is to plan the budget for the whole setup and process. In some cases, it may require hiring additional employees or temporary workers. They are needed to convert the paper documents into digital format. Initially, workers are needed if there are lots of documents that require scanning and handling. The document management setup is an integrated system that involves a combination of hardware, software, techniques and processes. Correct implementation of document management system speeds up the business process and makes the company more effective, efficient and economical. It becomes easier to authenticate, index and retrieve the required information with a few clicks.
Technological advancement has introduced a whole new technique for companies to carry out business activities and has played a crucial role in developing paperless offices. One of the best ways to create a paperless office is by using document management software which changes paper documents into digital files.
A good document management system provides an increase in productivity, reducing cost of document storage and saving on retrieval time. Document manager software is designed for both single and multiple users and is appropriate with your established business programs including Microsoft. Document management systems allow you to check, route and safely store records.
Some of the features of Document Management software include:
- A centralized electronic storage program containing details in any format that duplicates your current or new filling arrangement
- The freedom to search and access records by content or using the program structure which can be customized to your needs, to view documents multiple or single format.
- The ability to configure document protection by allocating users and groups to different levels of accessibility ideal to their needs and benefits.
- Easy access to information from off-site services anywhere anytime in the world
A paperless office in general provides your business with the following benefits:
- Less cost of printing, sending, distribution, and document storage
- An increase in your client support efficiency as buyer details is much simpler to locate
- The security of never ever losing documents again regardless of any circumstances.
- Updating documents information becomes so much easier because once a document is updated in the document management program all versions are immediately available to all who have access to the program.
- Paper use is decreased drastically so you can promote your company as an environmental friendly business.
One major benefit of investing in paperless office software is that it considerably lowers labor cost. In a standard installation, staff make use of paper to share information. This includes photocopying data, processing records and other related tasks. According to research, 40 to 60 percent of an employee’s time in the workplace is spent handling papers.
Investing in document management program will reduce company,s expenditures. If documents are changed into electronic copies, staff quickly access a needed document, thus making it possible for them to get more information with less time and achieve more task for any given day. Paperless program like Vircosoft’s VFiler easily manages all documents that have been digitalized through its program, so if one employee unintentionally removes an important document, the company does not have to go through great lengths just to find it; instead, programs like vFiler quickly creates backup for all documents hence no document can be lost.
Another big benefit is that companies can quickly send or transfer their documents to their companies various offices, so shipping costs are reduced. They may even choose to spread responsibilities to their staff located all around the world and benefit from lower labor rates in other regions.
So, whether a business is just starting out or is already well-established introducing a paperless office will help in reducing expenditure and generating more revenue. In the end, while traditional methods are hard to let go, if they are turning out to be more expensive, then letting go for a more cost-effective but quicker method is clearly the better option.
The managing of documents in offices can be time-consuming and daunting. According to studies, employees use a significant portion of their work hours just trying to scour through information that is already available within the organization. This task includes searching, organizing, sorting, and creating and recreating documents that are sometimes redundant. The manipulation of paper files or documents is actually contributing to an organization’s inefficiencies and is costing millions of dollars of wasted hours and productivity. Using document management software can solve this issue.
A document management system (DMS) is a software that is utilized in storing and managing electronic documents and images of paper files or documents. This software allows organizations to create a central database or repository of all forms of electronic and paper documents. Listed below are advantages of using a Document Management Systems.
Reduced Storage – Scanning paper documents and integrating them into a DMS greatly reduces storage page within the organization.
Time and Money Savings – Sorting out documents and searching for them takes time. Using DMS reduces the costs associated with the storage of hardcopy documents including the cost of paper, printing, and archiving.
Flexible Retrieval – Retrieving hard copy documents takes time. Through DMS, electronic images of documents are created and stored centrally. A lesser amount of time is spent in locating documents as this task can be done even without leaving your desk. Access to documents through DMS can be over the internet on the company’s intranet.
Documents Security – Provide controlled access to your documents and folders. DMS can protect these files from being accessed or modified by unauthorized personnel or potential intruders. Access of the documents can be set on a user and password-based access and access rights can be assigned for both users and groups at the folder and/or document level. The use of DMS for the documents is way more secure that filing them in traditional file cabinets. Also, DMS has audit trail feature where you can view who last used the item and when. Obviously with the hard copy files, this is difficult to track.
Disaster Recovery – A document management system provides a convenient way of creating back-up documents for offsite storage and disaster recovery. Backing up documents the traditional way through paper is bulky and expensive. Also, it is prone to damage and vulnerable to flood, fire and theft.
No Lost Files – When paper documents are lost, it can be expensive and time-consuming to replace them. With DMS, image files of the documents remain stored when being viewed thus, it is never lost or misplaced. A full-text searching mechanism is a very useful feature of DMS which makes storing, finding and moving documents very easy.
Improved Regulatory Compliance – Comply with government regulations such as SOX (Sarbanes Oxley), Health Insurance Portability and Accountability Act (HIPAA), Food Safety Modernization Act, ISO, Medical device manufacturing (FDA), Healthcare (JCAHO), and Information technology (ITIL). Your documents which could include policy statements, workflow, procedures, and many other pertinent organizational documents should provide evidence of control. Failing to conform with this may mean legal repercussions including fines. DMS offers a combination of security control, audit trails, efficient archiving system and disaster recovery to guarantee that an organization can authenticate the validity of information stored in the system and demonstrate strict adherence to regulatory standards and requirements.
All in all, the use of Document Management Software in an organization or a business brings even more benefits other than the ones mentioned above. DMS can further improve internal operations and enhance customer service and satisfaction while bringing a competive edge to the business.
Many owners and managers of small and mid-sized businesses think that digital document management solution is for larger corporations or enterprise sized businesses when in fact, small businesses around the world have begun to deploy document management software into their business operations because the costs have gone down drastically. It is no longer as expensive as it used to be for you to now manage your business documents electronically and have to deal with less paper files while your business runs optimally.
There is no doubt that people all over the world are seeing the benefits of running a paperless office with efficient business document management though a slight learning curve might be experienced depending on your employees’ capability to use the computer systems and the brand of digital document solution being deployed. While some electronic document filing solution will be easier for employees to use than other brands, once your staff gets accustomed to filing and managing your business documents by using computer applications, it will soon be evident to you the height to which document management software will help your business attain through efficiency and optimum employee productivity. Here are some benefits a document management solution will help you achieve:
Easy filing and retrieval of your business documents. Filing your business documents digitally will help you maximize the processes involved with the retrieval and management of files greatly. For example, you could search for documents based on keywords or certain phrases and get your desired results within seconds, whereas such search could have taken hours before. Instant retrieval of documents is possible because when you scan and convert your business files, you can apply optical character recognition which will make it possible for your documents to be searchable based on text content so that searches based on keywords or phrases will return all relevant results to your search query instantly.
Reduced cost for paper management while increasing employee productivity: Since time is more valuable in this modern business age than ever, integrating business document management software in your business setup will help your employees to do more in as little time as possible and hence improve their capacity to concentrate more on tasks that matters most to the growth and profitability of your business. Once efficiency is achieved in running your business, it should save you on costs of doing business while also helping your business to grow in a way that could be difficult to calculate.
Electric document management will make your employees happier and satisfied with doing their work: Document management solution helps employees to speed up their work and employees that accomplish much more in a relatively little amount of time are bound to be happier doing their job. With more productivity and on-the-job improved performance, your team can earn more incentives linked to productivity and business growth and increase their job satisfaction and commitment to the goals of your business. Digital document management software is a win-win for all businesses and their employees.
Most company managers are looking to convert to a paperless office and are very aware of the benefits they will derive once business document management software is incorporated into the setup of their companies. When it comes to scanning, indexing and securely storing business information digitally onsite or offsite, easy access or retrieval of business documents with the click of a mouse, excellent operational efficiency and productivity, meeting and surpassing customer expectations by providing top-notch services and 24/7 remote access to documents from anywhere, IT managers know that digital document management software takes businesses years ahead of paper and mixed media once installed. If a company operates in a sector where cumbersome regulations and frequent audits are required, then this business document management application provides excellent audit trails paper files can’t withstand.
There are basic features company executives and managers should look for in any electronic document management software that promises efficiency and enhanced productivity and here is a checklist that will help you avoid a pitfall in selecting the best business document management software your company needs:-
User friendly interface: Any efficient digital document management application must be built on a solid user friendly interface. It is obvious that the best software solution can fail if it’s difficult to use by employees. Efficient electronic filing system will have tool tips or help functions to guide users through every step whether it is document scanning or capturing, indexing, accessing and general procedures involving management of business information. The software should have a single sign-on for all applications so that users won’t have to sign-on every now and then or need to remember and use multiple sign-on passwords.
Features to help make content searchable easily: If a digital filing solution will make successful search of content possible in a flash, then it must have thorough, logical and consistent indexing features. Look for a business document software solution that incorporates a full text or enterprise search options in order to enhance search performance. It may be good to ask some clients of your prospective vendor about their content search user experiences before you proceed to seal the purchase contract. Don’t settle for an electronic document filling application that is known for occasional document loss and don’t settle for an application that offers less than an excellent result when you are in a haste to locate a document file.
It should be scalable for your current and future needs: Consider the future of your business and its growth potentials and see if the document management software is scalable to offer relevance and support to the present and future needs of your business. Will the digital document solution be adequate for your present and future needs? Will the vendor offer professional integration services or will you have to struggle alone? Ask yourself these questions because the greatest return on your investment once you incorporate the digital filing application will be when you can leverage on it to improve your business now and in the future.
For every business to thrive and grow, it requires reliable access to its documents (including emails) which must be safe and secured always from unauthorized persons. Efficient document management software helps businesses rise above daily challenges while its managers are focused on reaching projected goals.
Documents are a critical component of running a business. Keeping business documents helps in ensuring the survival of every business. While every business owner knows this, too often, because of the sheer volume, mission critical documents are left unsecured or simply placed in a file cabinet. In fact, many businesses put a higher priority on managing their office supplies than they do their business documents. There is a simple, low-cost, easy to use solution in the form of document management software. Digital business document management software is what you need.
How business document management software will support the growth of your business: An efficient business document management solution will help you turn your paper files into electronic documents, index the files, store them and help you to retrieve instantly. Imagine never losing or misplacing a document ever again? A business document management system will help you monitor the progress of your business even when you are offsite or on a business trip by having real time access to every document.
It will assist you to prepare your business financial statements accurately and in record time, it will help you to keep track of your business receipts from anywhere and at any time and identify the sources of every receipt. When you need to prepare your business tax returns, this electronic document management software will assist you to track every document needed to file your tax returns accordingly, it will also help you to keep track on your customer database and information when you need them as well as keep track of vital business contractual documents.
The software will also ensure maximum security of your business information from all unauthorized persons and you could restrict some parts of your documents from being accessed by unauthorized persons even among your employees while enabling you to be efficient in attending to your customers at a speed that is not attainable with the use of paper document and the file cabinets, hence, helping you to improve your customer relationships and satisfaction and enabling your employees to be more efficient and productive- which are really the basic elements a business needs to grow.
Document management solution will help you to run your business automatically and cope with multitasking situations: Once incorporated into a business setup, document management system aids a business to run automatically and then you will able to cope with multitasking business requirements without the need to waste time, energy and money in tracing any business document again. Your company should be able to focus more on the core aspect of your business which will improve productivity and your business profits.
The importance of data in the operation of your business can not be overemphasized because business data is arguably the most valuable asset of your business irrespective of whether it is a small, medium or a large business enterprise. However, it is common to find business owners who assume (perhaps hope is a better way of stating it) that nothing untoward will happen to their businesses when the subject of man-made or natural disasters comes up. Though experiencing a fire, flood, tornado or a hurricane is the last thing a business wants, not planning for this type of a disaster is a “disaster waiting to happen”.
Therefore there is the need for business document management software to be incorporated into your business operations for effective management of your business information and for easy recovery of data in the eventuality of a disaster. Once your business documents are converted and stored in a business document management system, they are easily backed up to tape, disk or even in offsite storage. This is a true disaster recovery strategy for your business documents and your file cabinets.
Why your business needs a strategy to curtail document disaster: A recent report released by the Business Continuity Institute shows that out of five businesses, one faces the danger of major operational disruption like data loss occasioned by things like power outage or a natural disaster that destroys a business premises. If most businesses now run with the aid of computer systems and its networks, a major IT disruption or data loss can lead to lots of business hardships including bad reputation that could build up so quickly leading to strained relationships with customers, business partners, creditors, suppliers not to mention the huge revenue loss that can cripple the operation of a business, decrease its productivity, lead to many unexpected additional expenses and lots more in the eventually of a major data loss due to a man-made or the occurrence of a natural disaster.
Put your business in a vantage position with document management software: With a proper planning on disaster preparedness and data recovery strategy by integrating business document management solution into your business operations, what you get is an implementation plan that secures the future of your business against all kinds of data loss even if the whole premises were destroyed with no salvage at all. Running your business while document management software keeps guard over your business documents besides helping you to auto file documents, retrieve documents in a record time and comply with regulatory requirements, it also ensures your business survives and recovers from any disaster eventuality even if it is the most devastating incident.
How business document management works to secure the future of a business: Once incorporated into your business setup, the document management solution will alleviate your need for keeping heaps of paper documents and the file cabinets. It will allow you to manage your existing paper documents in electronic forms, auto file every business document produced in your business thereafter while every incoming paper document will be scanned and stored electronically. Every stored document will automatically be backed up in most cases in offsite location with the use of cloud technology and the most reliable firewall security features to give you the confidence that your documents are not only secure from disaster but also from malicious intentions of people.
The world and the United States in particular has recently experienced a rash of natural disasters including damaging storms, floods, tornadoes, Hurricane Irene and wildfires. Business owners in the affected areas are now faced with the stark reality of how absolutely important it is to have a document management software system in place that protects their business documents.
Document management software will preserve your documents from natural disasters and all kinds of unforeseen destructive occurrences: Apart from the natural occurrences like earthquakes, floods, hurricanes and others that are capable of destroying a business premises and the physical or unsecured business documents, there are other factors like terrorism, arson, broken water pipes, theft, unexpected computer and information technology system failures, and activities of hackers with malicious intentions which all have the potential to stop a successful business in its tracks by destroying a company’s business files if not properly backed up or stored off site by deploying business document management software. Document management solution is a tool that enables a business to convert paper documents into digital documents. Once your documents are converted and stored in a document management system, they are easily backed up to tape, disk or even stored in offsite storage which is indeed a true disaster recovery plan for your file cabinets.
A broad range of functions of electronic document management software: Digital business document management solution is a system that helps you index paper file document, store it, find it as quickly as you need it, retire it when you like, and create an audit trail for each document. This digital document filing solution also provides automation for all reoccurring business processes, provides all executives and others easy access anywhere and at any time to all critical business documents and aids easy sharing of documents among many users real time. It also provides due security for all documents with the most efficient firewall security technology. In addition, this software provides support for recovering your business documents after a disaster and guarantees the continuity of your business plan.
How efficient data recovery minimizes the losses of a business after a disaster: A report by the US Department of Labor estimates the percentage of small businesses that couldn’t survive after about two years of a major disaster to be 60 percent. That is staggering but any unexpected disaster is capable of devastating your business if adequate preparation isn’t made. An efficient document management system with online backup for your business documents will store away all your crucial business files of whatever type including all correspondences, invoices, accounting documents, business agreements, regulatory files, employee files, images or any other forms of documents that keeps your business running on a daily basis.
Any business document that makes running of your business efficient and guarantees recovery in the event of the worst form of disaster is the right document management software every business should acquire.
In today’s tough economic situation, the focus of many businesses is on cutting costs, eliminating waste and making a business operate more efficiently in order to improve on its bottom line. Companies usually have clear objectives for achieving these goals and lots of strategies are often deployed but the practical steps for achieving these goals are not always obvious. One of the important areas business managers should focus attention on when it comes to cutting costs and making a business run efficiently is the proper management of paper based business documents by deploying digital business document management software.
A research report reveals that an average office staff spends half an hour searching for lost or misfiled business documents each day which amounts to a whopping 130 hours every year while management staff spends one hour every week looking for the same sets of misfiled or lost documents. Put together, a staggering but wasted 182 hours in overhead costs each year goes for searching documents at a time when technology helps businesses runs efficiently. Every man hour spent on the job searching for lost or misfiled documents takes away from your business rather than add to its profit. Here are some ways document management software helps businesses cuts the costs of doing business drastically and improves business profits:
Business document management solution prevents lost man hours, cost of replacing lost document, saves cost of warehousing paper documents, eliminates paper related costs like printing and photocopy and makes efficient use of your office staff: Digital document management software that scans your paper files and stores them electronically in the form that makes accessibility easy and quick at any time and from any location adds to the profits of your business in many ways. This software which is bundled with a capture and indexing solution system will ultimately save your business money in many ways like saving you the cost of warehousing heaps of paper documents and removes the cost of printing and making photocopy of documents and even the cost of hiring messenger and courier services for distributing business documents. If you’re looking to auto-file documents then you will need an auto-capture solution bundled with your document management software to perform that task and eliminate man hour needed to file documents manually.
Once it is deployed, this electronic filing solution will help your staff work efficiently without the need to waste time searching for any document and you don’t even have to worry about losing any document. So, there is no need paying for wasted man-hour since every man-hour contributes to the growth of your business and profit maximization. You do not also need to bear overtime costs with clerical staff once your business operation becomes automated.
Document management software will help you improve invoice processing, enhance payment of bills promptly and gain discounts for early payments, eliminate cost of using courier services for mailing documents to customers, improve customer service and hence gain customer satisfaction: Business document management software helps a business to improve its cash flow, avoid duplicate payments, gain access to customer information in record time and answers customer questions or inquiries promptly.
If we take away the mundane task of filing paper documents and the use of the file cabinets by integrating electronic document management software into your business operations, you will surely see a dramatic positive change. A paperless office also creates a positive attitude among office staff.
Digital document management systems allow you to manage your business documents using your computers and system network to create, scan, store, retrieve, edit, share, email, and even print your documents at anytime and anywhere you choose to access your documents once they are digitally stored. Performing this task of electronic filing of documents using capture and indexing software is a performance enhancer for any business process and can be used to improve efficiencies and cut overhead cost which is what modern day businesses are aiming at.
Document management software enhances productivity and creates positive attitude to work among office staff in many ways which in turn improves employee retention. Here are some ways this software will help improve employee retention for your business:-
Digital document filing software will help your workers to work smartly: Office staff loves to work smartly and digital document filing solution provides them with the tool for easy access to documents just at the click of a computer mouse without any need for searching through heaps of paper files or looking through file cabinets while keeping customers waiting. Working with digital document management software phases out posting, faxing, printing, and making photocopy of documents before sharing important business information with fellow office staff or a customer which is a smart way of working which employees love.
Electronic document management solution will help your employees to work remotely: Once the business document management software has been incorporated into your business operation, it allows your workers or staff to work remotely and access your documents from anywhere so long there is an internet connection and any type of internet access like dial-up, desktop computer with broadband connection, laptop, Wi-Fi, VPN and PDA. Even smart mobile phones can be used to gain access to your online documents which enhances productivity and makes working fun for employees and it will even encourage them to work from home even at odd hours if necessary.
Business document management software will improve multi-user access and enables your employees to get work done faster: This software allows multiple users to access any given document simultaneously without creating multiple copies of the same document on different computers within the same network since the document management software stores the documents in one central database and it therefore makes sharing of documents among many users easy.
Whenever you choose to manage your office documents digitally, you will be making an important decision that has many inherent benefits in it for you, your employees and the future of your company since employee retention is a crucial factor that helps to improve a business outlook, its efficiency, its profitability and how it is accessed by existing and potential customers.