Across nearly every industry, reliance on information has increased drastically in recent years. In fact, more than products or services, information is the valuable commodity that we spend our days collecting, storing, trading, and sharing. Today, that information is mostly stored in digital form, and without the right document processes, it can seriously affect your organisation’s productivity. Is your business information a strategic aid or a logistical nightmare?
Consider these statistics. They may make you rethink how you're handling document processing in your business.
- Document problems account for over 20% of staff productivity loss
Think through your day and any obstacles you encountered. Chances are, about a fifth of them were document-related. When you multiply that over your company's entire staff and every office location, you're looking at a significant time loss that doesn't need to exist. Document processing can be simple and pain-free.
- 92% of document collaborations are using this outdated process
Did you know that over 90% of professionals report collaborating on documents via email? You've probably done it yourself recently. But here's the problem: email collaboration is slow, inefficient, and prone to human error. It's no wonder that documents get lost or become a tangled mess of conflicted edits.
- Document signing practices are stuck in the 20th century
Nearly half of all businesses surveyed in a recent study reported that contracts take over a week to process for signatures. This kind of delay is laughable in light of the simplicity and availability of electronic signatures, easily accessible through a document management system. You could have a contract or document signed in the few seconds it takes to open, click, and save. This reduces turnaround time by around 80%.
Are you convinced yet? If it's time to take a closer look at your company's document processes, contact us today.