How Document Control Software Impacts Savings
  • 22
    Feb

How Document Control Software Impacts Savings

Document control software is becoming a necessity for competitive businesses. Without the use of document control software, your wind up immersing your business in stacks of paper, binders, and file cabinets. Unfortunately, this type of document control system is fraught with problems. Some problems include misplaced documents and cumbersome paper searches for a single piece of paper. Additionally, when you use a paper-based system, you are subject to paper damage.

Document Control Software

It can be intimidating to consider taking on a new document control software package. However, you will discover a more seamless business process and increased staff productivity. Another concern regarding a new document control software package is the cost. Cost-effective document control software packages are available. However, these systems may not be sufficient for the type of service that you provide.

In those cases, you may want to invest in a custom document control software package. Even then, the overall cost savings can make the package reasonable. The next few sections will discuss the ways in which you can save money through document control software.

Reduce Paper Management

With the use of document control software, you can reduce your paper management. To determine the cost savings that you can achieve, you must ascertain the cost associated with paper management. When you are using a paper-based storage system, you must have office space to save your paper products. This may only be individual office space with desks and file cabinets. Or, it could be substantial rooms in which your business stores large masses of documents. When switching to a document control software package, you can reduce the office space that you need in addition to desk and file cabinet space.

Increase Productivity

When you move to a document control software package, your business will experience an initial time investment to learn the new system and to upload all data. If you have been in operation for an extended amount of time, this can be a time-consuming process. It may be best to start with one aspect of your business, such as policy and procedure documents, and then move to the next section. By tackling the process in this manner, you may find less resistance to the new program.

However, when you finally incorporate all aspects of your business into your document control software package, you soon discover a significant increase in staff productivity. Moreover, there is also a considerable reduction in time spent looking for a single piece of paper, copying, faxing, and indexing documents. With this reduction, staff can spend their time more efficiently.

Eliminate Fees

Lastly, in some instances, you can discover a significant cost reduction through storage fees. When you must store a sizeable portion of your documentation in another location, you have additional fees for these storage costs. If your business requires archiving of all materials over an extended period, you may be paying out a lot of unnecessary money. Furthermore, shredding costs and trash services to destroy confidential records are expensive.

In Conclusion

Deciding to switch to a document control software program can be overwhelming. However, the costs savings that you can achieve are worth the effort to make a change in document storage systems. By selecting a document control software program, you can reduce your paper management costs, increase staff productivity, and eliminate fees for storage and shredding.