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Return on Investment

Implementation of automated document handling systems (or outsourced services) can reduce direct costs by 50%. This is achieved by reducing manual data entry, providing accurate data verification without human intervention and automatically checking financial data.

Applying a BPM methodology to a document management system will help you realise an immediate return on investment (ROI) from the project. However, the more significant return on investment emerges when the organisation as a whole embraces the BPM philosophy.

Furthermore, leading analysts, including Gartner, claim that typically 20% of the costs of an ERP implementation are taken up on the design and production of documentation. Formscan can provide a very real ROI in a short time period.

For example; a pan-European manufacturer needed to reduce administration costs whilst rationalising and consolidating their accounts payable cost structure across the distribution network. These maximise the benefits the solution had to fully integrate with their corporate ERP system. An integrated Purchase to Pay, accounts payable focused solution from formscan incorporating a digital mailroom facility has revolutionised the administration cost model and reduced the direct costs alone by 47%.

Managed electronic archiving, or outsourced paper document archives linked to scan-on-demand retrieval facilities can also make a significant reduction on day to day operational costs.

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