We spend time, money and effort in managing them so that they give us maximum value.
But while reviewing the assets on their balance sheet, most firms tend to ignore an important one, one that could be their most valuable asset – their data!
Every day, businesses generate thousands of documents containing hordes of data- reports, invoices, contracts, plans and so on.
Most companies handle them with plain negligence.
Documents get misplaced, lost or more disturbingly, the information in them is left unmined and unutilized.
Apart from the direct cost savings they bring in document storage, retrieval, and distribution, data or document management untangles workflows and optimizes business processes.