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The Benefits of a Document Lifecycle Management System
Our hands-off approach to document lifecycle management can save your team a significant amount of time and effort. Instead of collecting and organizing paper documents, setting physical security measures in place, and worrying about the maintenance of your electronic files, your team can instead focus on more important tasks, like evaluating your data and making recommendations for growth.
Electronic document management also offers a financial benefit. When you need to retrieve documents for an audit, you can collect them instantly. Auditors – who often charge by the hour – aren’t left waiting for days while you find the sample transactions that they’ve requested. (This is especially true if you store your documents off-site.) Plus, automatic records management means that you won’t have to deal with costly non-compliance fines. (Non-compliance with the Sarbanes-Oxley Act, for instance, can carry of a fine of up to 1 million, even if the non-compliance was unintentional.)
One more thing to keep in mind: when you use an electronic document management system to manage your files, you won’t just be using that system to protect your company’s data. If you invest in a multi-functional system like IntelliChief, you’ll be able to automate your document-driven workflows, in turn reducing your operating costs. As a result, your return on investment is even higher.
Interested in learning more about our comprehensive solutions for document lifecycle management? Contact us today, and we’ll reach out with actionable strategies for more efficiently managing your company’s data.