5 Ways Document Management Systems Can Improve the Bottom Line !

How much will a document management system actually benefit my organization’s bottom line?

That’s a common, reasonable question every organization should ask before investing in new technology. But like any other tool, the impact of adocument management system (DMS) on the bottom line rests entirely on how you use it.

While ROI isn’t necessarily a hard, universal number, here are some ways other organizations have improved their bottom line with document management systems.

Reduce Mailing Costs

This is likely the most immediate impact on your bottom line. Before using a document management system, you will have mailing costs. After implementation, you will have none, or very few. This is exactly what happened to the Canadian Seed Growers Association (CSGA).

CSGA previously had to mail paper forms to seed inspectors across Canada, racking up hefty postage bills. Using electronic forms to streamline these back-and-forth exchanges, CSGA significantly decreased postage costs.

In fact, CSGA completely eliminated the need to mail anything—and the three weeks’ worth of transit and processing time per application—saving approximately $10,000 in postage, not to mention 300 man hours in labor.

for more information : https://www.laserfiche.com/ecmblog/5-ways-document-management-systems-improves-bottom-line/