- A study by Gartner reveals that an average office worker spends 40% of his time searching documents. Can you imagine the amount of time and resources you can free up with effective management of the required information?
- Professionals spend over 500 hours annually revealing and routing files and another 150 hours looking for incorrectly filed documents.
- In a study undertaken by Price Waterhouse, “several paralegals were asked to search through 10,000 documents by one author, written within one time frame, on one topic. It took them 67 hours to find 15 documents. The same search, using document management technology, found 89 documents in 4.5 seconds.
- According to Gartner, implementing a DMS is one of the best ways to cut costs, reduce risk, and enable competitive opportunities, resulting in new market opportunities and competitive forces.
All the above instances point to one and one thing only: The need for effectively managing your information and the consequences if you don’t. After all, facts and figures are all that we have at this day and age to process our business analytics; and in this case, the numbers speak for themselves.Tags: