Document Imaging ROI

By NE Docs | July 18, 2013

There are over 4 trillion paper documents in the U.S. and this pile of paper is growing at a rate of over 22 percent a year. Users send and receive an average of 133 e-mail messages every day. These numbers are constantly increasing, and are only expected to continue as the years go by. Yet despite the demand for document imaging, there are still questions as to the ROI a document scanning and management solution can provide.

Finding, sending and storing information is an expensive proposition and getting more expensive every year. A well implemented ECM system can dramatically streamline the document management process and significantly reduce overall operating expenses. From cost savings to process improvement, it does not take long to realize the ROI from an investment in document imaging.

Eliminate the most costly document handling issues of all: lost or misfiled documents. On average, the labor cost to file a document is $20, and $120 to find a misfiled document. It costs $220 to reproduce a lost document, and when you consider that statistically 7.5 percent of all documents get lost and 3 percent get misfiled, this cost quickly adds up. ECM can reduce these costs to pennies.

Professionals spend 5 to 15 percent of their time reading information but up to 50 percent looking for that information. On top of all of this, the cost of office space has increased 19 percent in the last decade.

Deploying ECM is no longer a bleeding edge activity. ECM is a mature, proven technology. When its capture, indexing, processing, and archiving capabilities are coupled with powerful Web services, silos of vital business information can be connected, giving businesses comprehensive insight into their business information. To summarize, ECM offers a more efficient work environment, consistent security compliance, and the digital trail that proves regulatory fulfillment.

New England Document Systems offers the simplest and most efficient path to easily integrating this technology into your workplace. All of our solutions are designed with the customer in mind, and are built around maximizing return and ease-of-use by combining intuitive interfaces with NEdocs’ personal training and continued support. Want to know what your ROI looks like? Contact one of our representatives for a free estimate!

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