In today’s dynamic business landscape, organizations navigate through an ocean of information daily. It is critical for any organization with large volumes of content to define an ECM plan to eliminate operational inefficiencies, reduce costs and adhere to regulatory compliance mandates.

Understanding ECM and Its Importance

Enterprise Content Management (ECM) as defined by IBM is a set of capabilities for capturing, storing, activating, analyzing, and automating business content. Eleqtus ECM solutions include Dynamics 365, d.velop, Exflow and Lasernet. ECM reduces costs across the organization by automating previously manual processes.

There is no doubt about that – Implementing Eleqtus ECM solutions are a wonderful way to increase cost savings.

• Reduction in physical storage costs: d.velop enables digitization, reducing the need for physical storage spaces for documents and files, which can lead to cost savings on storage facilities.
• Enhanced efficiency in retrieving information: Quick access to organized digital files minimizes the time spent searching for information thereby increasing productivity and reducing labor costs. Lasernet: automates document-related tasks, reducing manual work and errors which leads to increased efficiency and productivity.
• Improved compliance and risk mitigation: Compliance failures can be detrimental to a company. Exflow ensures that your company always meets all compliance regulations, reducing the risks of penalties, audits, and legal costs.
• Enhanced document security: ECM allows organizations to protect information from unauthorized access by restricting access to folders, documents, fields, and other information and thereby avoiding financial losses associated with security breaches.

Statistics on Average Savings

Research has shown that US companies save an average of $16.91 per invoice with AP automation – that is up to $169,100 per year for companies processing 10,000 invoices!

Embracing the ECM Advantage

In conclusion, ECM is not merely a technological advancement, it is a valuable resource that enables organizations to operate more efficiently while generating substantial cost savings. Its ability to reduce physical storage costs, enhancing efficiency and compliance make it a valuable tool. Implementing ECM involves upfront costs, but the long-term benefits and cost savings outweigh the initial investment. By embracing our ECM solutions, you are assured of getting value for your money and a greater ROI.