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Companies today are getting a higher return on their investment by successfully implementing a document strategy.

You may feel that your company already has a document strategy because you address document output effectively. But output is just the tip of the iceberg. Document management and related costs are much larger in scope than you may realize. Industry analysts report that documents can consume up to 15% of corporate revenue—meaning a $5 billion company can spend up to $750 million on their existing document lifecycle processes: input/capture, management/layout, output/distribution and storage/archival.

Documents are a high-impact area and, ironically, few companies have a document strategy in place to address these hidden costs. An effective blueprint that is able to impact this process even 1% in the previous scenario could return $7.5 million! It begs the question: What other area of your company consumes 15% of your revenue and goes unmanaged?

At Evolv Solutions, the first step in this process is to analyze your company's current spend and processes to gain an accurate baseline and to identify existing costs. It is then critical to map those processes to your corporate goals and strategies to develop an overall document strategy.

 

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