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Advantages and functions of document management systems

In today's business world, document management is an essential task for any organization. But the traditional method of physical document management is time-consuming, costly and often fraught with uncertainty. This is because most companies face the following challenges with traditional document management:

  • Unstructured document storage
  • Lack of security
  • High administrative overhead
  • Restricted workflows
  • Legal requirements and retention policies
  • Lack of space for physical archiving
  • Complicated document search
  • Waste of resources

If your company is facing the listed problems with classic document management, the implementation of a document management system (DMS) can offer significant advantages. In this blog article, we will take an in-depth look at the topic of document management systems (DMS) and provide a detailed insight into the many benefits and functions of a DMS.

DMS helps to save costs and time

What is a DMS?

A document management system (DMS) describes a software solution that enables companies to digitally capture, manage and archive documents and information. It is a central platform on which information can be captured and stored in various formats, such as Word, Excel or PDF. A DMS offers a wide range of functions aimed at effectively managing documents and information. The most important functions of a DMS are listed below:

Document capture and import: A DMS enables the capture and import of documents from various sources such as emails, scanners or cloud storage. This allows companies to store and organize their documents centrally.

Document indexing and classification: A DMS offers the possibility to classify and index documents automatically. This ensures that documents are stored in a structured manner. This in turn makes it easier to search for and find documents.

Document search and viewing: A DMS enables users to search for documents quickly and easily. Using various search functions based on the content or metadata of documents, documents can be filtered efficiently.  

Document editing and release: A DMS provides the ability to edit and release documents. With a DMS, approval processes can be designed, for example, to obtain approvals from superiors. In addition, with the help of the integration of a digital signature, documents can be signed and approved more quickly and securely. A digital signature is based on a digital certificate that uniquely identifies the signer and enables documents to be encrypted. This makes it more difficult to forge or manipulate documents.

Document control and security: A DMS enables organizations to control and secure access to documents. Organizations can take various security measures to ensure that only authorized people can access documents.

Document archiving and retention: A DMS provides the ability to securely archive and retain documents. Organizations can set policies to ensure that documents are retained in accordance with legal requirements.

Workflow Automation: A DMS provides the ability to automate workflows. This enables companies to streamline and accelerate business processes and workflows.

What are the advantages of a DMS?

Based on the previously listed functions of a DMS, the following advantages arise compared to traditional document management:

Improved efficiency and productivity: A DMS enables organizations to find, edit, share and store documents faster and easier, streamlining and accelerating workflows.

Data Security: A DMS provides a secure method of storing confidential and sensitive data by limiting access rights to documents and enhancing data encryption.

Cost reduction: A DMS provides a centralized document storage platform, reducing the need for physical storage and the associated costs.

Decentralized collaboration: A DMS allows multiple users, regardless of location, to access and edit the same documents simultaneously, facilitating collaboration and information sharing within the organization.

Better compliance: A DMS provides better control and monitoring of documents, enabling organizations to ensure that they are complying with relevant regulatory and legal requirements.

Data loss prevention: A DMS provides a more secure method of storing documents, reducing the risk of data loss due to hardware failure or human error.

Better analytics: A DMS provides detailed insights into document usage, enabling organizations to analyze and improve the effectiveness of business processes.

Save time and costs with a DMS

In summary, a DMS brings with it a multitude of advantages. The management and organization of documents is significantly simplified and both costs and time can be saved. In addition, a DMS provides greater data security and can help companies meet regulatory requirements. If you want to optimize your internal document management, improve your processes and increase your productivity, we will be happy to help you choose the right document management system!

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