Document Management: What is it and why do you need it?
Companies spend $20 in labor to file a document, $120 in labor to find a misfiled document, and $220 in labor to reproduce a lost document. 7.5 percent of all documents get lost, 3 percent of the remainder get misfiled. Professionals spend 5-15 percent of their time reading information, and up to 50 percent of their time looking for it. An electronic Document Management solution provides an impressive return on investment and lets businesses focus on what’s important – the bottom line.
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