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Top Five Uses of Document Management

Document Management SolutionsDocument management is becoming one of the fastest growing areas of investment within organisations; and it’s clear to see why.

The benefits of control and efficiency, combined with the potential for huge cost savings, are too large to ignore.

  

 

 

Simple File & Find solution: Do you store a lot of paper? If so then a simple file and find solutions (such as the Documation iRetrieve) is perfect. This solution is one of the most cost effective uses of document management. Once your paper documents are captured (usually through scanning), they are then stored for as long as you want. Optical and magnetic storage is becoming cheaper each year, so this solution also comes with one of the fastest ROIs

Invoice Processing: If you currently process your invoices manually, then employing an invoice management solution can help you cut costs and gain huge increases in efficiency and control. These solutions come with full audit capabilities and support compliance legislation such as BIP0008 and Sarbanes Oxley.

Accounts Receivable:  Automating the accounts receivable department can help improve cashflow, reduce operating costs, increase efficiency and improve customer service. Use document management in this area to manage sales invoices, sales orders, delivery notes and all associated correspondence.

Procurement: If used in conjunction with an invoice processing solution then you’re onto a real winner! Implementing a procurement solution speeds the process up greatly, and ensures business rules are adhered to. 

Digital Mailroom: Traditional mailroom processes are slow and inefficient, dominated by paper documents. By moving to a digital mailroom, organisation are able to reduce operational costs, streamline and accelerates business processes, and deliver improved customer service.

Documation have experience in implementing all of the above.  For more information on how your organisation can benefit from any of the above solutions, please get in touch with us. Call +44 (0) 23 8064 7776 o email us on info@documation.co.uk

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