Every business, no matter how large or small, typically handles myriad documents in the course of the day. Invoices, hiring paperwork, receipts, and customer information all must be handled correctly for promote both high productivity and data safety. Specifically, managing documents is a crucial task that is best accomplished when information can be digitized for easier and safer access. Benefits of using a document management solution that relies on digital documents include:
Regardless of the type of business you run, keeping control of necessary information is the key to business success. For small businesses, this can be even more critical as many do not have the time or resources to waste searching for lost or misfiled data. What’s even worse is that data breaches have caused 58% of small businesses to lose time and/or money, with many paying hundreds of thousands of dollars to recover lost data.
Modern businesses handle extraordinary amounts of information in a typical workday. Invoices, budgets, accounting policies, security policies, contracts, human resources documents, and more all must be processed on a regular basis. While manual entry is still one of the most common ways to process this data, it is a technique that is labor intensive, slow, and fraught with errors.