How can electronic document management help companies recover from the recession?

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A recent survey carried out in the USA reports that 62% of company executives believe that the US economy is showing signs of growth but 50% also fear that it may take at least three years to become financially robust again.

During this period of growth, it is important for businesses to stay competitive and to put in place new systems which will help to achieve a ‘leaner’ operating model not only now but also in years to come. It is for this reason that more and more organisations are implementing an electronic document management system which will for example, help them to improve compliance with the ever growing number of statutory regulations. Failure to comply can be costly and damaging to a company’s reputation.

Using electronic document management will also reduce the costs of physical storage space taken up my filing cabinets of paper records.

The report also stated that 52% of organisations are increasing their document management budgets as other benefits such as faster retrieval and risk management benefits are being realised.

The survey concluded that the use of electronic document management undoubtedly gives businesses the ability to stay ahead of the competition and show substantial cost savings.

For further information on how electronic document management can help your business, please call The IPC Group on 08081 45 46 47.

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