The Hidden Costs of Paper-Based Document Management

Many businesses have grown accustomed to paper-based document management systems, often overlooking the hidden costs associated with maintaining them. These costs aren’t always immediately apparent but can add up significantly over time. For instance, physical storage space for paper documents can be substantial, requiring dedicated rooms or even offsite storage solutions. This space could be better utilized for other business operations.

Moreover, the manual handling of paper documents is time-consuming. Employees spend hours searching for, retrieving, and re-filing documents, which could be better spent on more productive tasks. There’s also the risk of misplacing or damaging documents, which can lead to further time and financial losses. Transitioning to an electronic document management system (EDMS) can eliminate these hidden costs, offering a more efficient and cost-effective solution.

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SOURCE DOCUmation