Monday, February 6, 2017

Importance of an ECM system for your business growth

ECM systems, or should be precisely called the organizational time savers, are the utmost per-requisite of any organization. Don’t have much idea about how important ECMs are for your business growth?
Have a look at the following stats, you'll definitely end up opting out for an ECM, we bet!
  • 15% of organizational papers and documents are surveyed to be either misfiled or misplaced.
  • A professional sends two or more documents daily to approximately five people for review, which in turn results in the creation of 10 all-new documents, which are quite obvious to be stored at multiple locations. 
  • White-collar workers, specifically, spend 70% of their daily working time in processing paper and documents. 
  • Daily 50% time of a working professional is spent to searching for relevant information.
Well, these are not all, but we are sure that you’ve definitely got some goosebumps with these thrilling facts and certainly wouldn’t wish your organization to suffer such losses. Isn’t it so?

Still confused about what exactly an ECM system does to avoid such wearisome time stealing? Don’t think much, we’ve got answers to all your doubts!

Let’s initiate with the basic introduction of an ECM or Enterprise Content Management System. It is basically a dynamic combination of certain consistent and reliable strategies, methodologies, and tools which an organization uses to capture, process, manage, preserve, and deliver its content that may include documents, images, records of the employees, surveys, product information, emails, and web pages.

We hope you got the basic idea behind. So basically what an ECM system does in your organizational favor is, it organizes and assembles the crucial information of your organization and makes it easy to process, store, and access. Not only this, it helps to maintain organizational regulatory compliance, increases the employee productivity, and fastens the business processes, ensuring a complete systematic organizational workflow.

Doesn't it sound amazing that you can witness an 18% increase in the overall productivity and staff engagement of your organization by just deploying an Enterprise Content Management System?

Well, we guess you must take a note here of what explicit benefits you can get from an ECM system, here’s the list!

  • A complete and secure document management, which is certainly going to let you keep track of all your required information in a far expedient way.
  • ECM being a digital solution eliminates the need for printing, shipping and storing of papers and documents, there reducing the overall operational costs.
  • It makes your document version-controlled which ensures that you are never going to lose control over critical documents, you can save as many versions of a document as you want.
  • Facilitates the reporting and auditing existing and required information. Furthermore, it keeps a record of any management requirements.
We hope you realized the importance of an ECM system for your organization. If not, let’s drag our discussion to some interesting forecasts related to what ECM market is supposed to see and achieve in its near future. You’ll definitely get some more of it.
  • ECM Market is projected to grow at the highest CAGR by the year 2021.
  • The major take of this growth is supposedly the ‘On-Premises Deployment Type ECM System’ for its exceptional digital rights management capabilities.
  • Web Development Company California is expected to be the largest giant in the market for North America, especially California, being the most responsive market for the latest technological advancements.
  • APAC is anticipated to be the new attraction point to ECM vendors, especially to the Web Development Company California for generating stupendous revenues from 2016 to 2021.
We are sure that from now onward you’re never going to compromise with your employees’ productivity and business growth, and tell others too, how important an ECM system is!

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