Documents are a constant. Every business needs to capture, manage, and distribute documents, regardless of your type of business. Manual processes and paper documents are a hindrance to everyone, and that’s a fact. Meeting your business needs today requires implementing a document management solution.
But not just any document management solution will do. You need one that works for your type of business, in your industry, and for your document needs. That’s because every industry has unique documents and often unique document processes. And not every document management vendor will understand your industry.
A document management system, or DMS, is a system or process used to capture, track, and store e-documents. These types of e-documents consist of PDFs, word processing files, and digital images of paper-based content. As unorganized content makes it difficult for larger organizations to extract business-related information and use available data, a document management system proves very effective in overcoming these challenges.
Operators in the Document Management Services business manage physical and digital records and data on behalf of domestic businesses. Services include digitizing inactive physical documents, such as paper records, film, tapes, X-rays and blueprints. Industry revenue has expanded over the five years to 2022 alongside growth in corporate profit and continued government regulation stipulating that companies retain documents and records in the event of potential litigation.
Are you protected? Do you know what your industry standards are in regards to records and document?