In The News: The Business Value of ECM Solutions

3 Ways to Leverage & Maintain Your Investment

Enterprise Content Management (ECM) is a systematic approach to capture, manage, store, preserve, and deliver information related to business processes. So if it is related to business processes, especially to core business processes, it must be considered key for any organization.

Many companies have the willingness to bring into their network of systems an Enterprise Content Management Solution, but then they fail to maintain the system properly once implemented.

It is not a secret that justifying the investment in Enterprise Content Management is difficult, because many times it works as support of front-end and core solutions, rather than showing direct benefits. This is one of the reasons why some companies do not give importance to proper support and maintenance of ECM solutions. This results in ECM becoming an IT cost headache rather than a strategic partner for the proper management of corporate information, which is your organization’s most important asset.

Many times, instead of creating a proper structure or organizing the information for easy to search and use, this type of solution creates confusion and mess, forcing the users to go back to less robust file systems.

There are three things that companies can do to leverage and maintain the business value of ECM solutions:

1. Information Governance

Many companies decide to adopt an ECM solution, but they forget that ECM is an information management solution. Information needs to be organized properly to facilitate its location and usage. So the first important thing to maintain the ECM solution is to establish and define an information governance framework, where you define all the necessary standards, policies, and procedures about how information is going to be captured, processed, used, stored, retained, and disposed of. Make ECM part of the corporate information governance strategy.

It is very important to define this framework before the implementation of an ECM solution, during your “Solution Conception Phase”, and not once the mess is created, because the cost of fixing will be higher and tedious.


2. ECM for Enterprise Efficiency

Today's trend is for more work to be conducted out of the office than in the office – but with users still demanding unrestricted access to data. This trend greatly stresses the resources of the IT department. Mobile workers would like to create, add, and collaborate on content on the go and would like to have all social capabilities. IT has to provide this capability within and outside the firewall in a secure and collaborative way, such as transforming shared network structures into social and collaborative content management systems. So implementing collaboration, information management systems, and workflow solutions will increase employees’ efficiency, making the company better able to respond quickly to changes in the market and customer demands.

3. Embed ECM into the Business Processes

Bringing together all the information can be a good idea, but it does not do anything when information is stored in individual process silos. Information is part of business processes - it is generated as a result of the execution of processes - so it is crucial to link and embed it into the processes to which it pertains.

Conclusion

ECM is a critical investment for businesses in the digital age. By implementing proper information governance, optimizing workflows, and integrating ECM with core processes, organizations can unlock the true potential of their data. Eleqtus ECM offers a comprehensive solution that goes beyond document management – it's a partnership in digital transformation.

Ready to see how Eleqtus ECM can streamline your operations and empower your workforce? Connect with one of our experts at info@eleqtus.com today for a personalized consultation or discover more about our solutions HERE.

(Link to original news blog - aiim)

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