REALFILE IS A RELEVANT SOLUTION FOR MANAGING DOCUMENTS.
Document management is a business function that is critical to the operation of a business, yet it is neglected to a large degree and the result is an unnecessary cost to business. Statistics on document management are shocking. For example, a study by Coopers & Lybr and found:
- 70% of “white-collar” worker time is spent processing paper documents
- 15% of all paper documents are misfiled or misplaced
- 30% of documents used daily contain obsolete information
- 40% of worker’s time is spent searching for misfiled, misplaced, or lost documents
- Paper grows at 25% per year in the typical organization, meaning that it will double in just over three years time!
- Paper-based processes are hard to validate for compliance to governmental regulation
- Most businesses do not have a backup for their paper-based documents, and would be out of business in the event of a natural or other disaster
Actual dollar costs are taken from Gartner Group Consultancy, Laserfiche, and eCopy, Inc.
- $30 is the average cost to file one document
- $120 to find a misfiled document
- $220 to reproduce a lost document
- 7.5% of all documents get lost
- 90% of all papers handled are shuffled
We can all relate to some of the statistics listed above by having lost documents or taking an incredible amount of time finding a document. Further it is a fact that the amount of paper continues to grow in file rooms.
For critical business functions like accounting, most organizations have implemented software applications like QuickBooks, Quicken, or Peach Tree to automate their accounting process. Imagine managing your accounting function manually. It would be a nightmare; however, most organizations manage their documents manually. The impact is inefficiency and cost.
realFile is an Electronic Management System designed to support your document management needs. It is different from other systems by being easy to use, highly available, and relevant for your daily operations. By moving to realFile, you will have a powerful tool to organize your documents, store them securely, and find them quickly when you need them.