Impact Of Document Management In Today's Result-Oriented Business World

Enterprise Document Management (EDM) is an umbrella term that represents a vision and framework for integrating a broad range of document imaging, capture, search and management processes with the end result of: a centralized data repository that can be remotely accessed and queried to make finding and sharing documents simple and easy.

The purpose of EDM is to take static, unstructured information and documents and make them a dynamic part of your business. With the increasing demand for higher productivity, environmental consciousness, compliance requirements and focus on bottom-line management, organizations are looking to implement tools that help them be more productive, streamlined and efficient.

EDM makes it possible for companies to become less paper dependent and move towards a system that will reduce the time spent looking for and handling business-critical documents. Additionally, it provides a common platform for employees to collect and share customer information and to create a centralized, uniform repository that drives the business by minimizing response and fulfillment lag time.

In today's business, paper is a transitional state for information. The average knowledge worker spends 20% of his time looking for documents or information contained in documents, and businesses are spending 25-50% more than they need to process paper documents that usually end up in a filing cabinet. What's more, businesses are producing upward of 4 billion pages of paper documents each year, and despite the advances in technology and recent focus on finding environmentally-friendly alternatives, paper's usage is projected to increase.