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The High Cost of Paper: 4 Consequences of Poor Document Management

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In today's digital age, clinging to paper-based document management can significantly hinder your organization's efficiency and security. Enterprise document management (EDM) solutions powered by enterprise content management software (ECM) offer a powerful alternative. Here are 4 damaging consequences of poor document management you can avoid with a DMS: 1. Version Control Chaos: Errors Cost Millions Imagine sending an outdated contract – a costly mistake easily avoided with a document management system. A robust DMS tracks document versions, ensuring you always share the latest iteration. This can prevent financial disasters – a single outdated document costing a production company up to $1.3 million per hour! 2. Security Breaches: Legal and Financial Risks Unsecured physical documents expose your organization to legal and financial risks. Business process automation solutions like DMS prioritize data security. Features like access controls and encryption safeguard se

Choosing an Online Document Management System (DMS) with Workflow Automation: 3 Key Considerations

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  In today's digital world, businesses of all sizes are embracing online Document Management Systems (DMS) with workflow automation to streamline document handling, boost collaboration, and improve efficiency. But with a vast array of DMS solutions available, selecting the right one for your organization can feel overwhelming. Here are the top 3 factors to prioritize when choosing an online DMS with workflow automation: 1. Storage Capacity and Scalability: Storage Needs Assessment: Conduct a thorough analysis of your current document volume, including both physical and electronic documents. Consider all types of files you plan to store in the DMS, from contracts and invoices to presentations and marketing materials. Future-Proofing for Growth: Factor in your organization's projected growth over time. Choose a DMS provider offering scalable storage options that can adapt to your expanding document repository. Many vendors provide flexible plans that allow you t