Document Management - White Paper (ID 5277).pdf Jul. 2014 | Page 13

Increased Efficiency and Productivity
Saving time and reducing budget outlays do not make up the
full business value of the document management advantage. By
removing the wasted labor associated with old filing methods,
employees can execute more projects (increasing productivity)
and spend more time and attention to client needs (increasing
customer satisfaction). Opening up office area formerly devoted to
file storage enables a business to expand without having to lease
a larger space.
Therefore, the value of a document management system is more
than just lower overhead; there is typically an amplification of
business performance across the board.
The increase in productivity and revenue in most cases far
outweighs the costs of the system, implementation, and training.
According to an IDC study of new software adoptees, roughly half
of the companies paid off the cost of the s