A recent report sponsored by enterprise content management (ECM) solution firm EMC and conducted by AIIM finds that companies that use document scanning have lower risk and higher reward than other forms of IT investment.
The study of 677 IT professionals found that 42 percent said the use of scanning and capture tools increased their productivity by more than half, with another 43 percent saying the investment paid for itself in a year or less. A total of 61 percent said they had payback from the initial investment in at least 18 months.
Whitney Tidmarsh, chief marketing officer for the content management and archiving division at EMC said the figures show that document scanning is becoming the norm in the enterprise.
"Document capture can no longer be thought of as a technology running in a silo but rather as an integral part of a business process," she said.
But while many companies have invested in the solution, the study found that not all are taking advantage of the tools provided to them. According to the report, of the companies using capture technology, two-thirds were scanning only half of their documents.
With the survey finding that almost half of companies using the technology report a savings of 40 percent or more in storage costs, these businesses would appear well suited to scan as many documents as possible.