Electronic Content Management (ECM) can have a huge impact on your business in four areas, all of which play a role in the success of your business.
Compliance- Not strictly adhering to compliance laws such as HIPPA, Sarbanes-Oxley, FERPA, or eDiscovery can put your company in a tough legal situation to get out of. With more and more regulations coming from the government and industry leaders, it’s hard to keep up with everything. Thankfully, ECM offers several tools that make compliance much more manageable. Document revision control, audit tracking, and airtight security enable you to work efficiently without having to worry about compliance.
Collaboration- By creating one centralized hub for all your documents and files, ECM allows your employees to easily collaborate. No matter where an employee is, they can quickly access the file they need, and contribute to the solution by always working with the most up-to-date file.
Cost Control- The soft cost of searching for documents and, even worse, losing documents is one of the biggest and most overlooked costs in a company. ECM gives you the power to search for documents using keywords, file type, and many other convenient options. This saves an incredible amount of time and will give a significant boost to productivity.
Continuity- With ECM, you’ll have full continuity in your business by being prepared for any emergency. Disaster recovery is vital for all businesses in today’s digital world. By segmenting data into essential and nonessential, ECM systems can help minimize downtime if a disaster like a flood, data theft, or fire ever hits your business.